Pacer International Downgraded by Stifel Nicolaus to “Hold” (PACR)
Pacer International (NASDAQ:PACR) was downgraded by research analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating in a report released on Thursday, TheFlyOnTheWall.com reports.
Shares of Pacer International (NASDAQ:PACR) traded up 10.40% on Thursday, hitting $7.11. 777,215 shares of the company’s stock traded hands. Pacer International has a one year low of $3.00 and a one year high of $6.70. The stock has a 50-day moving average of $6.1 and a 200-day moving average of $5.81. The company has a market cap of $250.5 million and a price-to-earnings ratio of 35.78.
Pacer International (NASDAQ:PACR) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.08 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.08. The company had revenue of $250.00 million for the quarter, compared to the consensus estimate of $258.70 million. During the same quarter last year, the company posted $0.03 earnings per share. Pacer International’s revenue was down 28.3% compared to the same quarter last year. Analysts expect that Pacer International will post $0.28 EPS for the current fiscal year.
Provides freight transportation and logistics services. The Company provides transportation services for major manufacturers and retailers via trailer or container using two or more transportation modes.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.