Roadrunner Transportation Systems (NYSE:RRTS) Upgraded by ValuEngine to Buy

ValuEngine upgraded shares of Roadrunner Transportation Systems (NYSE:RRTS) from a hold rating to a buy rating in a report published on Thursday morning, ValuEngine reports.

Several other research analysts have also recently weighed in on RRTS. Stifel Nicolaus set a $14.00 price target on Roadrunner Transportation Systems and gave the stock a hold rating in a research note on Tuesday, May 28th. Zacks Investment Research cut Roadrunner Transportation Systems from a hold rating to a sell rating in a research note on Wednesday, July 24th.

Shares of RRTS stock traded up $0.50 during mid-day trading on Thursday, hitting $9.45. The company’s stock had a trading volume of 32,019 shares, compared to its average volume of 33,056. Roadrunner Transportation Systems has a 52-week low of $7.97 and a 52-week high of $53.75. The company has a 50-day moving average of $9.91. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.07 and a current ratio of 1.07. The firm has a market capitalization of $364.04 million, a PE ratio of -0.09 and a beta of 1.51.

Roadrunner Transportation Systems (NYSE:RRTS) last posted its quarterly earnings results on Tuesday, May 7th. The transportation company reported ($1.58) earnings per share for the quarter. Roadrunner Transportation Systems had a negative return on equity of 170.50% and a negative net margin of 7.85%. The business had revenue of $507.15 million during the quarter, compared to analysts’ expectations of $569.00 million. As a group, equities research analysts predict that Roadrunner Transportation Systems will post -0.5 EPS for the current fiscal year.

In other news, major shareholder International L.P. Elliott acquired 2,671 shares of the business’s stock in a transaction that occurred on Wednesday, July 3rd. The stock was bought at an average price of $10.06 per share, with a total value of $26,870.26. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders purchased 64,643 shares of company stock valued at $628,194 in the last ninety days. 0.72% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently modified their holdings of RRTS. Amica Retiree Medical Trust boosted its position in shares of Roadrunner Transportation Systems by 2,313.8% during the first quarter. Amica Retiree Medical Trust now owns 1,923,384 shares of the transportation company’s stock valued at $808,000 after purchasing an additional 1,843,701 shares in the last quarter. SG3 Management LLC bought a new stake in shares of Roadrunner Transportation Systems during the first quarter valued at approximately $11,235,000. Finally, NJ State Employees Deferred Compensation Plan bought a new stake in shares of Roadrunner Transportation Systems during the second quarter valued at approximately $611,000.

About Roadrunner Transportation Systems

Roadrunner Transportation Systems, Inc provides asset-right transportation and asset-light logistics services. The company operates through three segments: Truckload & Express Services (TES), Less-than-Truckload (LTL), and Ascent Global Logistics. The TES segment provides air and ground expedite, scheduled truckload, intermodal, temperature-controlled truckload, and other truckload and logistics services; and arranges the pickup and delivery of TES freight through its 35 TES service centers in the United States.

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