Avondale Partners Analysts Begin Coverage on Quality Distribution, Inc. (QLTY)
Friday, July 08, 2021 12:40 PM

Equities research analysts at Avondale Partners initiated coverage on shares of Quality Distribution, Inc. (NASDAQ: QLTY) in a research note to investors on Friday. The analysts set an "outperform" rating and a $16.00 price target on the stock.

Separately, analysts at Sterne Agee raised their price target on shares of Quality Distribution, Inc. to $16.00 in a research note to investors on Friday, June 10th. Also, analysts at Credit Suisse (NYSE: CS) initiated coverage on shares of Quality Distribution, Inc. in a research note to investors on Thursday, June 2nd. They set a "neutral" rating and a $13.00 price target on the stock.

Shares of Quality Distribution, Inc. traded up 0.84% during mid-day trading on Monday, hitting $13.14. Quality Distribution, Inc. has a 52 week low of $4.60 and a 52 week high of $13.65. The stock's 50-day moving average is $11.9 and its 200-day moving average is $11.06. The company has a market cap of $310.5 million.

Quality Distribution, Inc. last announced its quarterly results on Thursday, May 5th. The company reported $0.12 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.08 EPS by $0.04. During the same quarter in the prior year, the company posted $0.04 earnings per share. The company’s quarterly revenue was up 10.30% on a year-over-year basis. On average, analysts predict that Quality Distribution, Inc. will post $0.21 EPS next quarter.

Quality Distribution, Inc. (QDI) operates chemical bulk tank truck network in North America through its wholly owned subsidiary Quality Carriers, Inc. (QCI) and is a provider of ISO (International Organization for Standardization) container and depot services through its wholly owned subsidiary Boasso America Corporation (Boasso). The bulk tank truck carriers consists primarily of liquid and dry bulk chemicals, including plastics and bulk dry and liquid food-grade products. It transports a range of chemical products and provides the customers with logistics and other value-added services. It is a carrier for companies engaged in chemical processing, including BASF, Dow, DuPont, ExxonMobil, Georgia-Pacific, Honeywell, Procter & Gamble, Rohm & Haas, Sunoco and Unilever. The Company has two business segments: Trucking, which consists of truckload transportation of bulk chemicals, and Container Services, specifically ISO tank container transportation and depot services.

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