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Zacks upgrades Ultrapetrol

Zacks upgraded shares of Ultrapetrol Bahamas Ltd (NASDAQ:ULTR) from an underperform rating to a neutral rating in a report released last week, Analyst Ratings Network.com reports. Zacks currently has $3.50 price objective on the stock. Note: Any reference to ratings and its underlying recommendation does not reflect the opinion of The Bahamas Investor or any of its contributors.

Source:
Date:
Updated:
Ticker Report
Monday, February 3, 2014
Monday, February 3, 2014

Zacks upgraded shares of Ultrapetrol Bahamas Ltd (NASDAQ:ULTR) from an underperform rating to a neutral rating in a report released on Thursday, Analyst Ratings Network.com reports. Zacks currently has $3.50 price objective on the stock.

Analysts at Jefferies Group raised their price target on shares of Ultrapetrol Bahamas Ltd from $4.00 to $4.50 in a research note to investors on Friday, November 15th. They now have a buy rating on the stock.

Ultrapetrol Bahamas Ltd (NASDAQ:ULTR) traded down 0.60% during mid-day trading on Thursday, hitting $3.34. The stock had a trading volume of 33,073 shares. Ultrapetrol Bahamas Ltd has a 52 week low of $1.83 and a 52 week high of $3.98. The stock has a 50-day moving average of $3.59 and a 200-day moving average of $3.45. The company’s market cap is $469.0 million.

Ultrapetrol Bahamas Ltd (NASDAQ:ULTR) last issued its quarterly earnings data on Wednesday, November 13th. The company reported $0.06 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.10 by $0.04. The company had revenue of $112.59 million for the quarter, compared to the consensus estimate of $84.08 million. On average, analysts predict that Ultrapetrol Bahamas Ltd will post $0.16 earnings per share for the current fiscal year.

Ultrapetrol (NASDAQ:ULTR) Limited is an industrial shipping company serving the marine transportation needs of clients in the geographic markets.

To view Zacks’ full report, visit www.zacks.com

[Note: Any reference to ratings and its underlying recommendation does not reflect the opinion of The Bahamas Investor or any of its contributors.]

This is an excerpt from Ticker Report as it appeared on February 3, 2014. For updates or to read the current version of this post in its entirety, please click here.

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