Research Analysts’ Recent Ratings Updates for UTi Worldwide (UTIW)
Several investment firms have updated their stock ratings and price targets on shares of UTi Worldwide (NASDAQ: UTIW) in the last week:
- UTi Worldwide was downgraded by analysts at BB&T from a “buy” rating to a “hold” rating.
- UTi Worldwide had its “hold” rating reaffirmed by analysts at Jefferies Group.
- UTi Worldwide was downgraded by analysts at Wolfe Trahan from a “peer perform” rating to an “underperform” rating.
- UTi Worldwide had its price target lowered by analysts at JPMorgan Chase from $16.00 to $15.00. They now have a “neutral” rating on the stock. They wrote, “UTIW’s downside 2QF13 report showed underperformance in both Forwarding segment EBIT and Contract Logistics segment EBIT. This is a different pattern than we have seen in recent quarters when at least one segment has outperformed. In particular, this may show that after the strong profitability improvements made in the Contract Logistics segment that meaningful additional gains may be harder to achieve. Additionally, our sense is that weak volume trends, especially in airfreight, are unlikely to turn quickly other than just as a result of easier comps; and airfreight yield expansion could be harder to achieve in F3Q owing to consumer tech product launches for which shippers have contracted charter capacity. We are lowering our EPS forecasts modestly to reflect the impact of these factors.”
- UTi Worldwide was downgraded by analysts at BB&T Capital Mkts from a “buy” rating to a “hold” rating.
UTi Worldwide Inc. traded down 1.41% on Friday, hitting $13.97. UTi Worldwide Inc. has a 52-week low of $11.99 and a 52-week high of $17.92. The company has a market cap of $1.447 billion and a price-to-earnings ratio of 20.24.
UTi Worldwide Inc. is a holding company. The Company is an international, non-asset-based supply chain services and solutions company, which provides services through a network of offices and contract logistics centers.