Barrington Research restated their outperform rating on shares of Proficient Auto Logistics (NASDAQ:PAL - Free Report) in a research report sent to investors on Monday morning,Benzinga reports. The firm currently has a $15.00 target price on the stock.
Several other equities analysts have also weighed in on PAL. Stifel Nicolaus reduced their price target on shares of Proficient Auto Logistics from $15.00 to $14.00 and set a "buy" rating for the company in a research report on Thursday, January 23rd. Raymond James reduced their price target on shares of Proficient Auto Logistics from $21.00 to $19.00 and set an "outperform" rating for the company in a research report on Monday, October 14th.
View Our Latest Stock Report on Proficient Auto Logistics
Proficient Auto Logistics Stock Performance
Shares of NASDAQ PAL traded down $0.59 during trading on Monday, hitting $8.11. The stock had a trading volume of 96,300 shares, compared to its average volume of 201,879. Proficient Auto Logistics has a 12 month low of $7.24 and a 12 month high of $21.01. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.25 and a current ratio of 1.25. The firm has a fifty day moving average of $9.29 and a two-hundred day moving average of $12.84.
Proficient Auto Logistics (NASDAQ:PAL - Get Free Report) last posted its earnings results on Friday, November 8th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.01. The firm had revenue of $91.50 million during the quarter, compared to the consensus estimate of $89.54 million. The company's revenue for the quarter was down 12.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Proficient Auto Logistics will post 0.4 EPS for the current fiscal year.
Insider Buying and Selling at Proficient Auto Logistics
In other Proficient Auto Logistics news, CEO Richard D. Odell acquired 54,000 shares of the company's stock in a transaction on Thursday, November 14th. The shares were acquired at an average cost of $9.20 per share, with a total value of $496,800.00. Following the completion of the acquisition, the chief executive officer now directly owns 753,802 shares in the company, valued at $6,934,978.40. This trade represents a 7.72 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Institutional Investors Weigh In On Proficient Auto Logistics
A number of institutional investors and hedge funds have recently modified their holdings of the company. Rhumbline Advisers lifted its holdings in shares of Proficient Auto Logistics by 7.9% in the fourth quarter. Rhumbline Advisers now owns 16,971 shares of the company's stock worth $137,000 after buying an additional 1,238 shares in the last quarter. Nicholas Hoffman & Company LLC. lifted its holdings in shares of Proficient Auto Logistics by 20.0% in the fourth quarter. Nicholas Hoffman & Company LLC. now owns 15,000 shares of the company's stock worth $121,000 after buying an additional 2,500 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Proficient Auto Logistics by 10.8% in the fourth quarter. Bank of New York Mellon Corp now owns 33,684 shares of the company's stock valued at $272,000 after purchasing an additional 3,287 shares in the last quarter. SG Americas Securities LLC purchased a new stake in Proficient Auto Logistics in the third quarter valued at approximately $104,000. Finally, MetLife Investment Management LLC purchased a new stake in Proficient Auto Logistics in the third quarter valued at approximately $129,000.
Proficient Auto Logistics Company Profile
(
Get Free Report)
Proficient Auto Logistics, Inc focuses on providing auto transportation and logistics services in North America. It primarily focuses on transporting and delivering finished vehicles from automotive production facilities, ports of entry, and rail yards to a network of automotive dealerships. The company operates approximately 1,130 auto transport vehicles and trailers, including 615 company-owned transport vehicles and trailers.
Further Reading
Before you consider Proficient Auto Logistics, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Proficient Auto Logistics wasn't on the list.
While Proficient Auto Logistics currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
