RBC Capital Lowers UTi Worldwide Price Target to $13.00 (UTIW)
Analysts at RBC Capital dropped their price objective on shares of UTi Worldwide (NASDAQ:UTIW) from $14.00 to $13.00 in a research report issued to clients and investors on Friday. The firm currently has an “outperform” rating on the stock. RBC Capital’s price objective would indicate a potential upside of 23.46% from the company’s current price.
Shares of UTi Worldwide (NASDAQ:UTIW) opened at 10.70 on Friday. UTi Worldwide has a 52 week low of $9.00 and a 52 week high of $17.70. The stock has a 50-day moving average of $9.63 and a 200-day moving average of $10.30. The company’s market cap is $1.128 billion.
UTi Worldwide (NASDAQ:UTIW) last announced its earnings results on Thursday, September 4th. The company reported ($0.07) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.01 by $0.08. The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the prior year, the company posted $0.05 earnings per share. The company’s quarterly revenue was down 3.4% on a year-over-year basis. Analysts expect that UTi Worldwide will post $0.07 EPS for the current fiscal year.
Separately, analysts at Zacks downgraded shares of UTi Worldwide from a “neutral” rating to an “underperform” rating in a research note on Wednesday, August 6th. They now have a $8.90 price target on the stock. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $11.73.
UTi Worldwide Inc is an international, non-asset-based supply chain services and solutions company that provides services through a global network of freight forwarding offices and contract logistics and distribution centers in a total of 59 countries.