Investment analysts at Macquarie assumed coverage on shares of UTi Worldwide (NASDAQ: UTIW) in a note issued to investors on Friday. The firm set a “neutral” rating on the stock.

UTi Worldwide opened at 15.24 on Friday. UTi Worldwide has a 52-week low of $12.31 and a 52-week high of $17.92. The stock’s 50-day moving average is currently $14.90. The company has a market cap of $1.581 billion and a price-to-earnings ratio of 28.81.

UTi Worldwide last posted its quarterly earnings results on Thursday, December 6th. The company reported $0.16 EPS for the quarter. The company had revenue of $1.22 billion for the quarter. During the same quarter in the previous year, the company posted $0.28 earnings per share. The company’s revenue for the quarter was down 10.8% on a year-over-year basis. On average, analysts predict that UTi Worldwide will post $0.64 earnings per share for the current fiscal year.

Other equities research analysts have also recently issued reports about the stock. Analysts at Jefferies & Co. raised their price target on shares of UTi Worldwide from $14.00 to $18.00 in a research note to investors on Wednesday, February 13th. Separately, analysts at Jefferies Group upgraded shares of UTi Worldwide from a “hold” rating to a “buy” rating in a research note to investors on Wednesday, February 13th. They now have a $18.00 price target on the stock, up previously from $14.00. Finally, analysts at Zacks upgraded shares of UTi Worldwide from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, December 18th. They now have a $13.40 price target on the stock.

Five equities research analysts have rated the stock with a buy rating, one has issued an overweight rating, and eleven have given a hold rating to the company. The stock has an average rating of “overweight” and an average target price of $19.22.

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.

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