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Stifel Nicolaus dropped their target price on shares of Roadrunner Transportation Systems (NASDAQ:RRTS) from $31.00 to $29.00 in a report released on Thursday, Analyst Ratings Net reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price objective would indicate a potential upside of 12.84% from the company’s current price.

Shares of Roadrunner Transportation Systems (NASDAQ:RRTS) opened at 23.77 on Thursday. Roadrunner Transportation Systems has a 1-year low of $20.30 and a 1-year high of $30.98. The stock’s 50-day moving average is $27.07 and its 200-day moving average is $27.32. The company has a market cap of $891.2 million and a P/E ratio of 19.71.

Roadrunner Transportation Systems (NASDAQ:RRTS) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $0.29 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.32 by $0.03. The company had revenue of $367.00 million for the quarter, compared to the consensus estimate of $110.37 million. During the same quarter in the previous year, the company posted $0.29 earnings per share. The company’s revenue for the quarter was up 24.4% on a year-over-year basis. On average, analysts predict that Roadrunner Transportation Systems will post $1.34 earnings per share for the current fiscal year.

A number of other firms have also recently commented on RRTS. Analysts at Raymond James downgraded shares of Roadrunner Transportation Systems from a “strong-buy” rating to a “market perform” rating in a research note to investors on Thursday. Separately, analysts at Zacks upgraded shares of Roadrunner Transportation Systems from an “underperform” rating to a “neutral” rating in a research note to investors on Wednesday, January 29th. They now have a $27.20 price target on the stock. Finally, 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. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $30.40.

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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