Roadrunner Transportation Systems Inc (NASDAQ:RRTS) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Tuesday.
According to Zacks, “Roadrunner Transportation Systems, Inc. is a non-asset based transportation and logistics services provider offering a full suite of solutions, including customized and expedited less-than-truckload, truckload and intermodal brokerage, and domestic and international air. The Company utilizes a proprietary webenabled technology system and a third-party network of transportation providers to serve a diverse customer base in terms of end market focus and annual freight expenditures. Its third-party transportation providers consist of individuals or small teams that own or lease their own over-the-road transportation equipment and asset-based, over-the-road transportation companies. As a non-asset based transportation provider, the Company does not own any tractors or other power equipment used to transport its customers’ freight. Roadrunner Transportation Systems, Inc. is headquartered in Cudahy, Wisconsin. “
A number of other research firms have also recently weighed in on RRTS. Macquarie cut their price objective on shares of Roadrunner Transportation Systems from $10.00 to $8.00 and set a “neutral” rating on the stock in a report on Tuesday, September 27th. 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 report on Thursday, July 28th. Finally, Deutsche Bank AG set a $12.00 target price on shares of Roadrunner Transportation Systems and gave the company a “buy” rating in a report on Thursday, July 21st.
Roadrunner Transportation Systems (NASDAQ:RRTS) opened at 7.85 on Tuesday. Roadrunner Transportation Systems has a 12-month low of $6.39 and a 12-month high of $19.22. The firm’s 50-day moving average is $8.12 and its 200 day moving average is $9.00. The stock has a market capitalization of $300.86 million and a P/E ratio of 13.15.
Roadrunner Transportation Systems (NASDAQ:RRTS) last released its quarterly earnings data on Wednesday, July 27th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by $0.19. The business 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 firm posted $0.42 earnings per share. The company’s quarterly revenue was down 6.7% compared to the same quarter last year. Equities analysts expect that Roadrunner Transportation Systems will post $0.65 EPS for the current year.
Several institutional investors have recently made changes to their positions in the stock. FMR LLC boosted its position in shares of Roadrunner Transportation Systems by 7.2% in the second quarter. FMR LLC now owns 3,239,495 shares of the company’s stock worth $24,167,000 after buying an additional 218,126 shares during the last quarter. BlackRock Fund Advisors boosted its position in shares of Roadrunner Transportation Systems by 11.0% in the second quarter. BlackRock Fund Advisors now owns 2,051,210 shares of the company’s stock valued at $15,302,000 after buying an additional 202,778 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Roadrunner Transportation Systems by 3.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,981,120 shares of the company’s stock valued at $14,779,000 after buying an additional 64,453 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in shares of Roadrunner Transportation Systems by 13.2% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 615,110 shares of the company’s stock valued at $4,589,000 after buying an additional 71,595 shares in the last quarter. Finally, Emerald Acquisition Ltd. purchased a new position in shares of Roadrunner Transportation Systems during the second quarter valued at about $3,587,000.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Roadrunner Transportation Systems Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Roadrunner Transportation Systems Inc and related companies with MarketBeat.com's FREE daily email newsletter.