Shares of Roadrunner Transportation Systems Inc (NASDAQ:RRTS) have received an average broker rating score of 1.80 (Buy) from the five analysts that cover the stock, Zacks Investment Research reports. Two equities research analysts have rated the stock with a hold rating and three have issued a strong buy rating on the company. Roadrunner Transportation Systems’ rating score has improved by 25.9% from 90 days ago as a result of various analysts’ ratings changes.

Brokerages have set a 12 month consensus price target of $10.33 for the company and are forecasting that the company will post $0.22 EPS for the current quarter, according to Zacks. Zacks has also assigned Roadrunner Transportation Systems an industry rank of 210 out of 265 based on the ratings given to its competitors.

Several analysts have recently commented on the company. Stifel Nicolaus reduced their price target on Roadrunner Transportation Systems from $14.00 to $12.00 and set a “buy” rating for the company in a report on Thursday, July 28th. Deutsche Bank AG set a $12.00 price target on Roadrunner Transportation Systems and gave the company a “buy” rating in a report on Thursday, July 21st. Finally, Zacks Investment Research cut Roadrunner Transportation Systems from a “hold” rating to a “sell” rating in a report on Wednesday, July 13th.

Shares of Roadrunner Transportation Systems (NASDAQ:RRTS) traded down 2.44% during trading on Tuesday, hitting $8.00. The stock had a trading volume of 26,214 shares. The company has a market cap of $306.61 million and a PE ratio of 13.40. The stock’s 50 day moving average is $8.06 and its 200-day moving average is $9.33. Roadrunner Transportation Systems has a 12-month low of $6.39 and a 12-month high of $20.94.

Roadrunner Transportation Systems (NASDAQ:RRTS) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $0.05 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 analyst estimates of $498.72 million. Roadrunner Transportation Systems’s revenue for the quarter was down 6.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.42 earnings per share. Analysts forecast that Roadrunner Transportation Systems will post $0.62 earnings per share for the current year.

Institutional investors have recently modified their holdings of the company. Bank of New York Mellon Corp boosted its position in shares of Roadrunner Transportation Systems by 1.1% in the second quarter. Bank of New York Mellon Corp now owns 360,405 shares of the company’s stock valued at $2,688,000 after buying an additional 3,831 shares in the last quarter. California State Teachers Retirement System boosted its position in shares of Roadrunner Transportation Systems by 7.7% in the second quarter. California State Teachers Retirement System now owns 64,156 shares of the company’s stock valued at $479,000 after buying an additional 4,609 shares in the last quarter. Emerald Acquisition Ltd. purchased a new position in shares of Roadrunner Transportation Systems during the second quarter valued at about $3,587,000. GSA Capital Partners LLP boosted its position in shares of Roadrunner Transportation Systems by 31.4% in the second quarter. GSA Capital Partners LLP now owns 85,297 shares of the company’s stock valued at $636,000 after buying an additional 20,378 shares in the last quarter. Finally, Springhouse Capital Management LP boosted its position in shares of Roadrunner Transportation Systems by 18.3% in the second quarter. Springhouse Capital Management LP now owns 179,753 shares of the company’s stock valued at $1,341,000 after buying an additional 27,799 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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