Today: Today: Zacks: Roadrunner Transportation Systems Inc (RRTS) Given Average Rating of “Buy” by Analysts

Today: Zacks: Roadrunner Transportation Systems Inc (RRTS) Given Average Rating of “Buy” by Analysts

Shares of Roadrunner Transportation Systems Inc (NASDAQ:RRTS) have received an average broker rating score of 2.00 (Buy) from the six brokers that cover the company, Zacks Investment Research reports. Three equities research analysts have rated the stock with a hold rating and three have given a strong buy rating to the company. Roadrunner Transportation Systems’ rating score has improved by 14.2% in the last three months as a result of various analysts’ upgrades and downgrades.

Analysts have set a 12 month consensus target price of $9.75 for the company and are anticipating that the company will post $0.22 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Roadrunner Transportation Systems an industry rank of 241 out of 265 based on the ratings given to related companies.

Several equities analysts recently commented on RRTS shares. Stifel Nicolaus dropped their price objective on Roadrunner Transportation Systems from $14.00 to $12.00 and set a “buy” rating on the stock in a research note on Thursday, July 28th. Deutsche Bank AG set a $12.00 price objective on Roadrunner Transportation Systems and gave the company a “buy” rating in a research note on Thursday, July 21st. Macquarie dropped their price objective on Roadrunner Transportation Systems from $10.00 to $8.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 27th. Finally, Zacks Investment Research upgraded Roadrunner Transportation Systems from a “sell” rating to a “hold” rating in a research note on Tuesday, October 4th.

Roadrunner Transportation Systems (NASDAQ:RRTS) opened at 7.65 on Friday. The company has a market cap of $293.19 million and a price-to-earnings ratio of 12.81. Roadrunner Transportation Systems has a 52 week low of $6.39 and a 52 week high of $18.73. The stock has a 50 day moving average price of $8.05 and a 200 day moving average price of $8.75.

Roadrunner Transportation Systems (NASDAQ:RRTS) last released its earnings results on Wednesday, July 27th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by $0.19. The firm earned $483.40 million during the quarter, compared to the consensus estimate of $498.72 million. The firm’s quarterly revenue was down 6.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.42 earnings per share. On average, equities analysts forecast that Roadrunner Transportation Systems will post $0.65 earnings per share for the current year.

Several large investors have recently bought and sold shares of RRTS. Emerald Acquisition Ltd. bought a new stake in Roadrunner Transportation Systems during the second quarter valued at about $3,587,000. JPMorgan Chase & Co. increased its stake in Roadrunner Transportation Systems by 9,179.7% in the second quarter. JPMorgan Chase & Co. now owns 318,945 shares of the company’s stock valued at $2,380,000 after buying an additional 315,508 shares in the last quarter. FMR LLC increased its stake in Roadrunner Transportation Systems by 7.2% in the second quarter. FMR LLC now owns 3,239,495 shares of the company’s stock valued at $24,167,000 after buying an additional 218,126 shares in the last quarter. AQR Capital Management LLC increased its stake in Roadrunner Transportation Systems by 257.5% in the second quarter. AQR Capital Management LLC now owns 288,495 shares of the company’s stock valued at $2,152,000 after buying an additional 207,804 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its stake in Roadrunner Transportation Systems by 142.3% in the second quarter. Ameriprise Financial Inc. now owns 345,585 shares of the company’s stock valued at $2,577,000 after buying an additional 202,947 shares in the last quarter.

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.

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