FBR Capital Initiates Coverage on UTi Worldwide (UTIW)

By admin | 6 years ago

Research analysts at FBR Capital (NASDAQ: FBCM) assumed coverage on shares of UTi Worldwide (NASDAQ: UTIW) in a report released on Thursday. The firm set a “market perform” rating and a $17.50 price target on the stock.

UTi Worldwide traded down 4.48% on Thursday, hitting $14.94. UTi Worldwide has a 52-week low of $11.94 and a 52-week high of $21.34. The company has a market cap of $1.537 billion and a price-to-earnings ratio of 22.34.

UTi Worldwide last posted its quarterly earnings results on Thursday, March 22nd. The company reported $0.12 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.16 by $0.04. UTi Worldwide’s revenue was up .8% compared to the same quarter last year. Analysts expect that UTi Worldwide will post $0.28 EPS next quarter.

Separately, analysts at Stifel Nicolaus raised their price target on shares of UTi Worldwide to $21.00 in a research note to investors on Friday, March 23rd.

UTi Worldwide Inc. is a holding company. The Company is an international, non-asset-based supply chain services and solutions company that provides services through a network of offices and contract logistics centers.

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