Roadrunner Transportation Systems Inc (RRTS) Trading 3% Higher
Roadrunner Transportation Systems Inc (NASDAQ:RRTS) shares traded up 3% during mid-day trading on Tuesday . The stock traded as high as $8.37 and last traded at $8.36, with a volume of 82,485 shares traded. The stock had previously closed at $8.12.
Several research analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of Roadrunner Transportation Systems from a “hold” rating to a “sell” rating in a research report on Wednesday, July 13th. Deutsche Bank AG set a $12.00 target price on shares of Roadrunner Transportation Systems and gave the company a “buy” rating in a research report on Thursday, July 21st. Finally, Stifel Nicolaus cut their target price on shares of Roadrunner Transportation Systems from $14.00 to $12.00 and set a “buy” rating on the stock in a research report on Thursday, July 28th.
The firm has a market cap of $320.41 million and a P/E ratio of 14.00. The stock’s 50-day moving average price is $8.13 and its 200-day moving average price is $9.64.
Roadrunner Transportation Systems (NASDAQ:RRTS) last posted its earnings results on Wednesday, July 27th. The company reported $0.05 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.24 by $0.19. During the same period in the prior year, the company earned $0.42 earnings per share. The firm earned $483.40 million during the quarter, compared to the consensus estimate of $498.72 million. The business’s quarterly revenue was down 6.7% on a year-over-year basis. Analysts anticipate that Roadrunner Transportation Systems Inc will post $0.62 earnings per share for the current year.
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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