Roadrunner Transportation Systems Inc (NASDAQ:RRTS) Given $10.33 Consensus Target Price by Analysts
Roadrunner Transportation Systems Inc (NASDAQ:RRTS) has been assigned an average broker rating score of 1.80 (Buy) from the five brokers that provide coverage for the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a hold recommendation and three have issued a strong buy recommendation on the company. Roadrunner Transportation Systems’ rating score has improved by 25.9% in the last 90 days as a result of various analysts’ upgrades and downgrades.
Brokerages have set a one year consensus price objective of $10.33 for the company and are anticipating that the company will post $0.22 EPS for the current quarter, according to Zacks. Zacks has also assigned Roadrunner Transportation Systems an industry rank of 210 out of 265 based on the ratings given to its competitors.
A number of equities research analysts have issued reports on RRTS shares. Zacks Investment Research lowered shares of Roadrunner Transportation Systems from a “hold” rating to a “sell” rating in a report on Wednesday, July 13th. Deutsche Bank AG set a $12.00 price target on shares of Roadrunner Transportation Systems and gave the stock a “buy” rating in a report on Thursday, July 21st. Finally, Stifel Nicolaus cut their price target on shares of Roadrunner Transportation Systems from $14.00 to $12.00 and set a “buy” rating on the stock in a report on Thursday, July 28th.
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A number of large investors have recently made changes to their positions in the company. Emerald Acquisition Ltd. purchased a new stake in shares of Roadrunner Transportation Systems during the second quarter worth about $3,587,000. JPMorgan Chase & Co. boosted its stake in Roadrunner Transportation Systems by 9,179.7% in the second quarter. JPMorgan Chase & Co. now owns 318,945 shares of the company’s stock valued at $2,380,000 after buying an additional 315,508 shares in the last quarter. FMR LLC boosted its stake in Roadrunner Transportation Systems by 7.2% in the second quarter. FMR LLC now owns 3,239,495 shares of the company’s stock valued at $24,167,000 after buying an additional 218,126 shares in the last quarter. AQR Capital Management LLC boosted its stake in Roadrunner Transportation Systems by 257.5% in the second quarter. AQR Capital Management LLC now owns 288,495 shares of the company’s stock valued at $2,152,000 after buying an additional 207,804 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in Roadrunner Transportation Systems by 142.3% in the second quarter. Ameriprise Financial Inc. now owns 345,585 shares of the company’s stock valued at $2,577,000 after buying an additional 202,947 shares in the last quarter.
Roadrunner Transportation Systems (NASDAQ:RRTS) traded down 2.44% during midday trading on Tuesday, hitting $8.00. 26,214 shares of the stock traded hands. Roadrunner Transportation Systems has a 52 week low of $6.39 and a 52 week high of $20.94. The stock has a market capitalization of $306.61 million and a P/E ratio of 13.40. The stock’s 50-day moving average price is $8.06 and its 200-day moving average price is $9.33.
Roadrunner Transportation Systems (NASDAQ:RRTS) last released its earnings results on Wednesday, July 27th. The company reported $0.05 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by $0.19. The company had revenue of $483.40 million for the quarter, compared to the consensus estimate of $498.72 million. During the same quarter in the prior year, the company posted $0.42 earnings per share. The business’s revenue was down 6.7% compared to the same quarter last year. Equities research analysts expect that Roadrunner Transportation Systems will post $0.62 EPS for the current fiscal year.
About Roadrunner Transportation Systems
Roadrunner Transportation Systems, Inc (RRTS) is an asset-light transportation and logistics service provider. The Company offers a suite of global supply chain solutions, including truckload logistics (TL), customized and expedited less-than-truckload (LTL), intermodal solutions (transporting a shipment by over one mode, primarily through rail and truck), freight consolidation, inventory management, expedited services, air freight, international freight forwarding, customs brokerage and transportation management solutions.
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