Proficient Auto Logistics (NASDAQ:PAL - Get Free Report)'s stock had its "outperform" rating reiterated by stock analysts at Barrington Research in a report released on Wednesday,Benzinga reports. They currently have a $15.00 target price on the stock. Barrington Research's price target points to a potential upside of 38.89% from the stock's current price.
Separately, Stifel Nicolaus lowered their price objective 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.
Check Out Our Latest Stock Report on Proficient Auto Logistics
Proficient Auto Logistics Stock Down 2.4 %
Shares of PAL traded down $0.26 during midday trading on Wednesday, reaching $10.80. 229,138 shares of the company were exchanged, compared to its average volume of 172,863. The stock has a 50-day moving average price of $9.30 and a 200-day moving average price of $12.40. Proficient Auto Logistics has a 1-year low of $7.24 and a 1-year high of $21.01. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.16.
Institutional Investors Weigh In On Proficient Auto Logistics
A number of hedge funds have recently bought and sold shares of the business. Quantbot Technologies LP acquired a new stake in shares of Proficient Auto Logistics during the 4th quarter valued at approximately $49,000. SG Americas Securities LLC acquired a new position in Proficient Auto Logistics in the third quarter worth approximately $104,000. Wells Fargo & Company MN boosted its position in shares of Proficient Auto Logistics by 37.9% in the 4th quarter. Wells Fargo & Company MN now owns 8,640 shares of the company's stock valued at $70,000 after purchasing an additional 2,373 shares during the period. MetLife Investment Management LLC acquired a new stake in shares of Proficient Auto Logistics in the third quarter worth $129,000. Finally, Verition Fund Management LLC purchased a new position in shares of Proficient Auto Logistics during the 3rd quarter valued at $152,000.
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.
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