Universal Logistics Holdings Inc (NYSE:ULH) was upgraded by stock analysts at Stifel Nicolaus from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday, July 31st, Marketbeat Ratings reports. The brokerage currently has a $17.00 price target on the transportation company’s stock. Stifel Nicolaus’ price target indicates a potential upside of 19.72% from the stock’s previous close.
Separately, Zacks Investment Research upgraded Universal Logistics Holdings from a “strong sell” rating to a “hold” rating in a report on Thursday, May 4th.
Shares of Universal Logistics Holdings (ULH) opened at 14.20 on Monday. Universal Logistics Holdings has a 12 month low of $11.09 and a 12 month high of $17.70. The firm has a 50-day moving average of $14.64 and a 200 day moving average of $14.01. The firm has a market cap of $403.88 million and a P/E ratio of 27.31.
Universal Logistics Holdings (NYSE:ULH) last posted its earnings results on Thursday, July 27th. The transportation company reported $0.10 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.01. Universal Logistics Holdings had a return on equity of 7.26% and a net margin of 0.90%. The firm had revenue of $305.20 million during the quarter, compared to analyst estimates of $302.10 million. On average, equities research analysts anticipate that Universal Logistics Holdings will post $0.70 EPS for the current fiscal year.
Several hedge funds have recently added to or reduced their stakes in the stock. SG Americas Securities LLC purchased a new stake in Universal Logistics Holdings during the first quarter worth about $134,000. Teachers Advisors LLC boosted its stake in shares of Universal Logistics Holdings by 10.2% in the second quarter. Teachers Advisors LLC now owns 12,660 shares of the transportation company’s stock worth $190,000 after buying an additional 1,169 shares during the period. Goldman Sachs Group Inc. bought a new stake in shares of Universal Logistics Holdings during the first quarter worth $225,000. Schwab Charles Investment Management Inc. boosted its stake in shares of Universal Logistics Holdings by 47.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 31,477 shares of the transportation company’s stock worth $473,000 after buying an additional 10,129 shares during the period. Finally, Zacks Investment Management bought a new stake in shares of Universal Logistics Holdings during the second quarter worth $979,000.
Universal Logistics Holdings Company Profile
Universal Logistics Holdings, Inc, formerly Universal Truckload Services, Inc, is an asset-light provider of customized transportation and logistics solutions across the United States, Mexico, Canada and Colombia. The Company operates through two segments: the transportation segment and the logistics segment.
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