UTi Worldwide Rating Lowered to Underperform at Zacks (UTIW)
UTi Worldwide (NASDAQ:UTIW) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research note issued on Wednesday, Stock Ratings News reports. They currently have a $14.40 price objective on the stock. Zacks‘ price target indicates a potential downside of 4.95% from the stock’s previous close.
Shares of UTi Worldwide (NASDAQ:UTIW) traded down 0.53% on Wednesday, hitting $15.07. 152,271 shares of the company’s stock traded hands. UTi Worldwide has a 1-year low of $13.78 and a 1-year high of $17.70. The stock’s 50-day moving average is $16.92 and its 200-day moving average is $16.07. The company’s market cap is $1.579 billion.
UTi Worldwide (NASDAQ:UTIW) last posted its quarterly earnings results on Thursday, December 5th. The company reported $0.08 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.08. The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the previous year, the company posted $0.16 earnings per share. The company’s revenue for the quarter was down .2% on a year-over-year basis. Analysts expect that UTi Worldwide will post $0.16 EPS for the current fiscal year.
UTi Worldwide Inc is a holding company. The Company is an international, non-asset-based supply chain services and solutions company, which provides services through a network of offices and contract logistics centers.
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