Quality Distribution Rating Increased to Neutral at Zacks (QLTY)
Quality Distribution (NASDAQ:QLTY) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research report issued to clients and investors on Wednesday, StockRatingsNetwork.com reports. The firm currently has a $14.40 price objective on the stock. Zacks‘ target price points to a potential upside of 2.71% from the stock’s previous close.
A number of other firms have also recently commented on QLTY. Analysts at KeyCorp raised their price target on shares of Quality Distribution from $15.00 to $16.00 in a research note on Friday, January 17th. Separately, analysts at Bank of America reiterated a “buy” rating on shares of Quality Distribution in a research note on Friday, December 20th. They now have a $16.00 price target on the stock, up previously from $13.00. Finally, analysts at Stifel Nicolaus downgraded shares of Quality Distribution from a “buy” rating to a “hold” rating in a research note on Thursday, December 5th. They now have a $13.00 price target on the stock. They noted that the move was a valuation call. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $13.20.
Quality Distribution (NASDAQ:QLTY) traded down 0.57% during mid-day trading on Wednesday, hitting $13.94. 76,001 shares of the company’s stock traded hands. Quality Distribution has a 1-year low of $7.01 and a 1-year high of $15.07. The stock has a 50-day moving average of $13.95 and a 200-day moving average of $11.34. The company’s market cap is $368.9 million.
Quality Distribution, Inc operates a chemical bulk tank truck network in North America through its wholly owned subsidiary, Quality Carriers, Inc (NASDAQ:QLTY) is a provider of International Organization for Standardization (intermodal ISO) tank container and depot services in North America through its wholly owned subsidiary, Boasso America Corporation (Boasso), which also includes Greensville Transport Company (Greensville).
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