A Troubled Third-Party Logistics Provider Fights Its Way Back on The Growth Trajectory
UTi Worldwide Inc. is a non-asset-based third-party logistics firm that provides international freight forwarding, customs brokerage, contract logistics and other supply chain services.
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Mon Mar 10, 2014
UTi Worldwide PT Lowered to $11.00
The firm currently has a "market perform" rating on the stock. FBR Capital Markets' target price would indicate a potential upside of 0.09% from the stock's previous close.
Tue Mar 04, 2014
UTi Worldwide Announces Closing of Offering of $400 Million 4.50%...
UTi Worldwide Inc. today announced that it has completed both of its previously announced private offerings, which consisted of $350 million aggregate principal amount of 4.50% Convertible Senior Notes due 2019 and $175 million of 7.00% Convertible Preference Shares.
Sat Mar 01, 2014
RBC Capital Upgrades UTi Worldwide to "Outperform"
The firm currently has a $22.00 target price on the stock, up from their previous target price of $15.00.
Wed Feb 26, 2014
Why UTI Worldwide (UTIW) Is Plunging Today
The company announced it had breached some debt covenants and would need to raise approximately $525 million to pay off a minimum debt of $400 million that could come due in April.
The Washington Post
UTI Plummets Most in Nasdaq Index as Some Covenants Breached
UTI Worldwide Inc. plummeted the most among companies in the Nasdaq Composite Index after the freight forwarder disclosed that it wasn't in compliance with some financial covenants.
UPDATE 1-UTi Worldwide says breaches covenants, to report loss
Logistics company UTi Worldwide Inc said it had breached some debt covenants and would report a loss for the fourth quarter due to a weak air freight market, sending its shares down as much as 28 percent in early trading.
UTi Worldwide Announces Private Offering of Convertible Notes
UTi Worldwide Inc. today announced that it plans to issue $350 million aggregate principal amount of Convertible Senior Notes due 2019 in a private offering, subject to market and other conditions.
Tue Feb 25, 2014
RDInvesting Provides Investors with Free In-Depth Equity Reports on...
Research Driven Investing strives to provide investors with free daily equity research reports analyzing major market events.
Mon Feb 24, 2014
Why UTI Worldwide (UTIW) Was Upgraded Today
The analyst firm set a price target of $22 for the company. The firm said improving industry fundamentals should boost UTI Worldwide's earnings in the future.
UTi Worldwide upgraded at RBC Capital
UTi Worldwide upgraded at RBC Capital As noted earlier, RBC Capital upgraded UTI Worldwide to Outperform from Sector Perform.
Tue Feb 11, 2014
UTi Worldwide invests in new facility; combines contract logistics and forwarding
UTi Worldwide Inc. has opened a new logistics facility in Romulus, Michigan under a "shared asset" model that offers clients synergistic benefits from warehousing and freight forwarding disciplines.