Citigroup Inc. Boosts Universal Logistics Holdings Inc (ULH) Price Target to $22.00
Universal Logistics Holdings Inc (NYSE:ULH) had its price target hoisted by stock analysts at Citigroup Inc. from $14.00 to $22.00 in a research report issued on Friday. The firm currently has a “neutral” rating on the transportation company’s stock. Citigroup Inc.’s price target would indicate a potential upside of 5.01% from the company’s current price.
ULH has been the topic of several other reports. Zacks Investment Research upgraded shares of Universal Logistics Holdings from a “sell” rating to a “hold” rating in a research report on Friday, August 11th. BidaskClub upgraded shares of Universal Logistics Holdings from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Finally, Stifel Nicolaus restated a “buy” rating and issued a $24.00 target price on shares of Universal Logistics Holdings in a report on Sunday, October 1st. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $23.00.
Universal Logistics Holdings (ULH) traded up 4.53% during trading on Friday, hitting $21.90. 4,645 shares of the stock traded hands. The stock has a market cap of $622.88 million and a P/E ratio of 42.12. Universal Logistics Holdings has a 52-week low of $11.65 and a 52-week high of $22.40. The company’s 50 day moving average price is $17.77 and its 200-day moving average price is $14.96.
Universal Logistics Holdings (NYSE:ULH) last released its quarterly earnings data on Thursday, July 27th. The transportation company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.09 by $0.01. Universal Logistics Holdings had a net margin of 0.90% and a return on equity of 7.26%. The business had revenue of $305.20 million for the quarter, compared to analyst estimates of $302.10 million. Equities research analysts forecast that Universal Logistics Holdings will post $0.72 earnings per share for the current fiscal year.
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A number of large investors have recently added to or reduced their stakes in ULH. Deprince Race & Zollo Inc. lifted its holdings in Universal Logistics Holdings by 458.6% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 496,871 shares of the transportation company’s stock valued at $7,453,000 after purchasing an additional 407,916 shares in the last quarter. Zacks Investment Management purchased a new position in Universal Logistics Holdings in the 2nd quarter valued at about $979,000. FMR LLC lifted its holdings in Universal Logistics Holdings by 3.1% in the 1st quarter. FMR LLC now owns 2,112,726 shares of the transportation company’s stock valued at $30,318,000 after purchasing an additional 63,307 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Universal Logistics Holdings by 4.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 419,396 shares of the transportation company’s stock valued at $6,291,000 after purchasing an additional 19,097 shares in the last quarter. Finally, Goldman Sachs Group Inc. purchased a new position in Universal Logistics Holdings in the 1st quarter valued at about $225,000.
About Universal Logistics Holdings
Universal Logistics Holdings, Inc, formerly Universal Truckload Services, Inc, is an asset-light provider of customized transportation and logistics solutions across the United States, Mexico, Canada and Colombia. The Company operates through two segments: the transportation segment and the logistics segment.
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