Proficient Auto Logistics' (NASDAQ:PAL - Get Free Report) quiet period will expire on Tuesday, June 18th. Proficient Auto Logistics had issued 14,333,333 shares in its IPO on May 9th. The total size of the offering was $214,999,995 based on an initial share price of $15.00. During Proficient Auto Logistics' quiet period, underwriters and any insiders that worked on the IPO are prevented from issuing any research reports or earnings estimates for the company because of regulations issued by the Securities and Exchange Commission. Following the end of the company's quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.
Analyst Ratings Changes
A number of analysts recently commented on the company. William Blair assumed coverage on Proficient Auto Logistics in a research report on Monday, June 3rd. They issued an "outperform" rating for the company. Raymond James started coverage on Proficient Auto Logistics in a research report on Monday, June 3rd. They set an "outperform" rating and a $18.00 target price for the company. Finally, Stifel Nicolaus started coverage on Proficient Auto Logistics in a research report on Monday, June 3rd. They set a "buy" rating and a $19.00 target price for the company.
Check Out Our Latest Stock Report on PAL
Proficient Auto Logistics Stock Performance
Shares of Proficient Auto Logistics stock traded down $0.34 during trading on Tuesday, hitting $14.92. 80,714 shares of the company were exchanged, compared to its average volume of 130,996. Proficient Auto Logistics has a 1-year low of $14.74 and a 1-year high of $15.42.
About Proficient Auto Logistics
(
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
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