Macquarie Maintains Roadrunner Transportation Systems Inc to Neutral with Price Target $8.00

Brokerage firm Macquarie Maintains its rating on Roadrunner Transportation Systems Inc(NYSE:RRTS). In a research note issued to the investors, the brokerage major Lowers the price-target to $8.00 per share. The shares have been rated Neutral. The rating by Macquarie was issued on Sep 27, 2016.

In a different note, On Jul 28, 2016, Stifel Nicolaus said it Maintains its rating on Roadrunner Transportation Systems Inc. In the research note, the firm Lowers the price-target to $14.00 per share. The shares have been rated ‘Buy’ by the firm. On Jul 20, 2016, Deutsche Bank said it Maintains its rating on Roadrunner Transportation Systems Inc. In the research note, the firm Lowers the price-target to $13.00 per share. The shares have been rated ‘Buy’ by the firm.

Roadrunner Transportation Systems Inc (RRTS) made into the market gainers list on Fridays trading session with the shares advancing 6.26% or 0.47 points. Due to strong positive momentum, the stock ended at $7.98, which is also near the day’s high of $8.06. The stock began the session at $7.57 and the volume stood at 3,25,172 shares. The 52-week high of the shares is $19.22 and the 52 week low is $6.39. The company has a current market capitalization of $306 M and it has 3,83,26,569 shares in outstanding.

Roadrunner Transportation Systems Inc(RRTS) last announced its earnings results on Jul 27, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $483.43M. Analysts had an estimated revenue of $496.97M. Earnings per share were $0.10. Analysts had estimated an EPS of $0.24.

Several Insider Transactions has been reported to the SEC. On May 13, 2016, Curtis W Stoelting (COO) purchased 14,100 shares at $7.93 per share price.Also, On Feb 12, 2016, Peter R. Armbruster (CFO) purchased 5,000 shares at $10.46 per share price.On Feb 12, 2016, Judith A. Vijums (VP and Asst. Secretary) purchased 5,000 shares at $10.03 per share price, according to the Form-4 filing with the securities and exchange commission.

Roadrunner Transportation Systems Inc. (RRTS) is an asset-light transportation and logistics service provider offering a suite of solutions including truckload logistics customized and expedited less-than-truckload transportation management solutions intermodal solutions (transporting a shipment by more than one mode primarily via rail and truck) freight consolidation inventory management on-demand expedited services international freight forwarding customs brokerage and global supply chain solutions. The Company operates in three segments: Truckload Logistics which offers temperature-controlled dry van intermodal drayage and flatbed services; Less-than-Truckload which involves the pickup consolidation linehaul deconsolidation and delivery of LTL shipments and Transportation Management Solutions which offers a one-stop domestic and international transportation and logistics solution.

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