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Can Vitran Continue to Surge?

Zacks Equity Research

One company that should be on your radar is Vitran Corp Inc. (VTNC). The stock of this transportation services providing company has seen its Zacks Rank surge over the past four weeks, moving from Hold to its current position as a Strong Buy.

A key reason for this move has been the positive trend in the earnings estimate revisions picture. For VTNC’s full year estimate, we have seen 1 estimate go higher in the past 30 days, compared to no downward revision. This trend has helped the consensus estimate to trend higher, going from a loss of $3.00 a share a month ago to its current level at 13 cents.

This positive shift in estimates has made some investors take notice and buy the stock. In fact, VTNC has seen some pretty solid trading lately, as the company has moved higher by 19.8% in the past month.

If Vitran can keep up this great momentum on the earnings estimate front and continue to impress analysts, we could see more gains ahead for this company, suggesting that you might want to put VTNC on your watch list for the future.

Other top-ranked stocks worth considering in this space include Arkansas Best Corporation (ABFS), Heartland Express, Inc. (HTLD), and Pacer International, Inc. (PACR). While Heartland carries a Zacks Rank #1 (Strong Buy), Arkansas and Pacer hold a Zacks Rank #2 (Buy).

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VITRAN CP (VTNC): Free Stock Analysis Report

ARKANSAS BEST CP (ABFS): Free Stock Analysis Report

HEARTLAND EXPRESS INC (HTLD): Free Stock Analysis Report

PACER INTL INC (PACR): Free Stock Analysis Report

Zacks Investment Research