Universal Truckload Services Lowered to Neutral at Zacks (UACL)
Universal Truckload Services (NASDAQ:UACL) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a report released on Thursday, American Banking & Market News reports. They currently have a $34.80 target price on the stock. Zacks‘ target price points to a potential upside of 31.67% from the stock’s previous close.
Shares of Universal Truckload Services (NASDAQ:UACL) traded up 1.66% during mid-day trading on Thursday, hitting $26.97. The stock had a trading volume of 4,111 shares. Universal Truckload Services has a 52-week low of $17.66 and a 52-week high of $34.07. The stock’s 50-day moving average is $29.86 and its 200-day moving average is $27.96. The company has a market cap of $811.2 million and a P/E ratio of 15.16.
Separately, analysts at KeyCorp raised their price target on shares of Universal Truckload Services from $32.00 to $35.00 in a research note on Friday, January 17th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Universal Truckload Services presently has a consensus rating of “Buy” and an average target price of $34.27.
Universal Truckload Services, Inc is engaged in providing transportation services to shippers throughout the United States and in the Canadian provinces of Ontario and Quebec.
To view Zacks’ full report, visit www.zacks.com
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