Vitran Downgraded by TD Securities to “Tender” (VTNC)
Vitran (NASDAQ:VTNC) was downgraded by stock analysts at TD Securities from a “hold” rating to a “tender” rating in a report issued on Wednesday, AnalystRatingsNetwork.com reports. They currently have a C$6.50 target price on the stock, up from their previous target price of C$6.00.
Vitran (NASDAQ:VTNC) opened at 6.48 on Wednesday. Vitran has a 52-week low of $3.89 and a 52-week high of $7.73. The stock has a 50-day moving average of $5.82 and a 200-day moving average of $5.45. The company’s market cap is $106.5 million.
Vitran (NASDAQ:VTNC) last released its earnings data on Friday, November 1st. The company reported $0.09 earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.62) by $0.71. The company had revenue of $49.40 million for the quarter, compared to the consensus estimate of $155.20 million. During the same quarter in the prior year, the company posted ($0.35) earnings per share. The company’s quarterly revenue was down .4% on a year-over-year basis. Analysts expect that Vitran will post $0.12 EPS for the current fiscal year.
Separately, analysts at Zacks upgraded shares of Vitran from a “neutral” rating to an “outperform” rating in a research note to investors on Friday, December 27th. They now have a $7.10 price target on the stock.
Vitran Corporation Inc (NASDAQ:VTNC) is a provider of freight surface transportation and related supply chain services throughout Canada and in 29 states in the eastern, central, southwestern, and western United States.
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