Roadrunner Transportation Systems Rating Increased to Neutral at Zacks (RRTS)
Roadrunner Transportation Systems (NASDAQ:RRTS) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research note issued to investors on Wednesday, Analyst Ratings Network reports. The firm currently has a $27.20 price target on the stock. Zacks‘ price target would indicate a potential upside of 2.64% from the company’s current price.
In other Roadrunner Transportation Systems news, COO Helden Brian Van sold 5,000 shares of Roadrunner Transportation Systems stock on the open market in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $29.00, for a total transaction of $145,000.00. Following the sale, the chief operating officer now directly owns 23,069 shares of the company’s stock, valued at approximately $669,001. The transaction was disclosed in a document filed with the SEC, which is available at this link.
A number of other firms have also recently commented on RRTS. Analysts at Stifel Nicolaus upgraded shares of Roadrunner Transportation Systems from a “hold” rating to a “buy” rating in a research note to investors on Wednesday, December 18th. They now have a $31.00 price target on the stock. They noted that the move was a valuation call. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Roadrunner Transportation Systems in a research note to investors on Monday, December 16th. They now have a $35.00 price target on the stock, up previously from $32.00. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the stock. Roadrunner Transportation Systems currently has a consensus rating of “Buy” and an average target price of $32.05.
Roadrunner Transportation Systems (NASDAQ:RRTS) traded down 1.13% during mid-day trading on Wednesday, hitting $26.20. The stock had a trading volume of 160,705 shares. Roadrunner Transportation Systems has a one year low of $18.84 and a one year high of $30.98. The stock’s 50-day moving average is $26.97 and its 200-day moving average is $27.47. The company has a market cap of $982.3 million and a P/E ratio of 20.32.
Roadrunner Transportation Systems, Inc (NASDAQ:RRTS) is a transportation and logistics service provider offering a full suite of solutions, including customized and expedited less-than-truckload, truckload and logistics, transportation management solutions, intermodal solutions (transporting a shipment by more than one mode, primarily via rail and truck), and domestic and international air.
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