Share on StockTwits

Quality Distribution (NASDAQ:QLTY) was downgraded by equities researchers at Stifel Nicolaus from a “buy” rating to a “hold” rating in a research report issued on Thursday, reports. The analysts noted that the move was a valuation call.

Quality Distribution (NASDAQ:QLTY) opened at 13.09 on Thursday. Quality Distribution has a one year low of $5.80 and a one year high of $13.17. The stock’s 50-day moving average is $10. and its 200-day moving average is $9.94. The company’s market cap is $346.4 million.

Quality Distribution (NASDAQ:QLTY) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $0.20 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.22 by $0.02. The company had revenue of $235.70 million for the quarter, compared to the consensus estimate of $244.18 million. During the same quarter last year, the company posted $0.17 earnings per share. Quality Distribution’s revenue was up 6.1% compared to the same quarter last year. On average, analysts predict that Quality Distribution will post $0.70 earnings per share for the current fiscal year.

Separately, analysts at Credit Suisse raised their price target on shares of Quality Distribution from $10.00 to $11.00 in a research note to investors on Thursday, November 7th. They now have a “neutral” rating on the stock. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $11.25.

Quality Distribution, Inc operates a chemical bulk tank truck network in North America through its wholly owned subsidiary, Quality Carriers, Inc (NASDAQ:QLTY) is a provider of International Organization for Standardization (intermodal ISO) tank container and depot services in North America through its wholly owned subsidiary, Boasso America Corporation (Boasso), which also includes Greensville Transport Company (Greensville).

The Fly On The Wall

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.