Market Overview

Roadrunner Transporation Systems On The Move Following Raymond James Upgrade

Related RRTS
Top 4 Small-Cap Stocks In The Air Delivery & Freight Services Industry With The Lowest PEG Ratio
Trucking Sector Sinks On Valuation, Growth Outlook

Raymond James upgraded Roadrunner Transportation Systems (NYSE: RRTS) on Wednesday morning, which helped to lift the stock price up.

Raymond James analyst, Arthur W. Hatfield and Derek Rabe went on to explain:

“Despite the recent headwinds of higher insurance claims and a lack of density in its LTL (light truck load) network, we have re-assessed our position on shares of RRTS given the pervasive strength in pricing throughout the broader trucking market. As such, we are upgrading shares to Outperform from Market Perform.”

Hatfield and Rabe raised their full year EPS estimate to $1.45 from $1.39, and offered a $31 price target.

The stock is currently trading at $27.47, and is up by 3.47 percent on Wednesday's trading session.

Latest Ratings for RRTS

DateFirmActionFromTo
Oct 2014Deutsche BankMaintainsBuy
Oct 2014Deutsche BankMaintainsBuy
Jul 2014Deutsche BankMaintainsBuy

View More Analyst Ratings for RRTS
View the Latest Analyst Ratings

Posted-In: Arthur W. Hatfield Derek Rabe Raymond JamesAnalyst Color Upgrades Analyst Ratings

 

Related Articles (RRTS)

Around the Web, We're Loving...

Get Benzinga's Newsletters