KeyBanc Starts Roadrunner Transportation (RRTS) at Buy; Plenty of Road to Run
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Price: $4.00 +5.26%
Rating Summary:
2 Buy, 6 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 22
Rating Summary:
2 Buy, 6 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 22
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KeyBanc initiates coverage on Roadrunner Transportation (NYSE: RRTS) with a Buy. PT $20.00.
KeyBanc analyst says, "In our opinion, RRTS's asset-light model, organic growth potential, acquisition strategy and complementary service offerings represent a compelling small-cap growth idea within the transportation space. Company-specific catalysts could be augmented by improving freight demand from increased economic activity, as well as sector-specific opportunity within the less-than-truckload market as larger competitors rationalize networks and reprice freight. In the event of softer economic conditions, we view the Company's asset-light model as more defensive relative to asset-intensive peers considering lower fixed costs. Management, in our view, is establishing a consistent, credible track record of accretive tuck-in acquisitions, which we expect to continue considering free cash generation, limited capital expenditure requirements, manageable balance sheet leverage and potential future equity or debt offerings."
For more ratings news on Roadrunner Transportation click here and for the rating history of Roadrunner Transportation click here.
Shares of Roadrunner Transportation closed at $13.56 yesterday.
KeyBanc analyst says, "In our opinion, RRTS's asset-light model, organic growth potential, acquisition strategy and complementary service offerings represent a compelling small-cap growth idea within the transportation space. Company-specific catalysts could be augmented by improving freight demand from increased economic activity, as well as sector-specific opportunity within the less-than-truckload market as larger competitors rationalize networks and reprice freight. In the event of softer economic conditions, we view the Company's asset-light model as more defensive relative to asset-intensive peers considering lower fixed costs. Management, in our view, is establishing a consistent, credible track record of accretive tuck-in acquisitions, which we expect to continue considering free cash generation, limited capital expenditure requirements, manageable balance sheet leverage and potential future equity or debt offerings."
For more ratings news on Roadrunner Transportation click here and for the rating history of Roadrunner Transportation click here.
Shares of Roadrunner Transportation closed at $13.56 yesterday.
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