Stifel Nicolaus Maintains Roadrunner Transportation Systems Inc to Buy with Price Target $12.00

Brokerage firm Stifel Nicolaus 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 $12.00 per share. The shares have been rated Buy. The rating by Stifel Nicolaus was issued on Jul 28, 2016.

In a different note, 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. On May 5, 2016, BB&T Capital said it Downgrades its rating on Roadrunner Transportation Systems Inc. The shares have been rated ‘Underweight’ by the firm.

Roadrunner Transportation Systems Inc (RRTS) shares turned negative on Thursdays trading session with the shares closing down -0.13 points or -1.74% at a volume of 1,52,689. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $7.58. The peak price level was also seen at $7.58 while the days lowest was $7.32. Finally the shares closed at $7.34. The 52-week high of the shares is $25.39 while the 52-week low is $6.39. According to the latest information available, the market cap of the company is $281 M.

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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