Proficient Auto Logistics (NASDAQ:PAL - Free Report) had its price target decreased by Stifel Nicolaus from $18.00 to $17.00 in a research report report published on Monday,Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.
Separately, Barrington Research reaffirmed an "outperform" rating and set a $15.00 target price on shares of Proficient Auto Logistics in a report on Wednesday, February 12th.
Read Our Latest Research Report on PAL
Proficient Auto Logistics Price Performance
PAL stock traded up $0.27 on Monday, hitting $7.55. 161,692 shares of the company were exchanged, compared to its average volume of 285,096. Proficient Auto Logistics has a twelve month low of $6.81 and a twelve month high of $21.01. The business's fifty day moving average is $9.38 and its two-hundred day moving average is $9.64. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.25 and a current ratio of 1.25.
Hedge Funds Weigh In On Proficient Auto Logistics
Large investors have recently made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its position in Proficient Auto Logistics by 53.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 133,733 shares of the company's stock worth $1,896,000 after purchasing an additional 46,312 shares in the last quarter. BNP Paribas Financial Markets bought a new position in shares of Proficient Auto Logistics in the third quarter valued at $294,000. Verition Fund Management LLC purchased a new stake in Proficient Auto Logistics in the 3rd quarter valued at $152,000. State Street Corp boosted its position in Proficient Auto Logistics by 199.0% in the third quarter. State Street Corp now owns 157,551 shares of the company's stock worth $2,234,000 after purchasing an additional 104,851 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new position in Proficient Auto Logistics in the third quarter valued at approximately $242,000.
About Proficient Auto Logistics
(
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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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