Analysts’ Weekly Ratings Changes for ArcBest (ARCB)

ArcBest (NASDAQ: ARCB) has recently received a number of price target changes and ratings updates:

  • 4/12/2018 – ArcBest had its “hold” rating reaffirmed by analysts at Stephens. They now have a $37.00 price target on the stock.
  • 4/6/2018 – ArcBest was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 4/3/2018 – ArcBest was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $36.00 price target on the stock. According to Zacks, “ArcBest Corporation provides freight transportation services and solutions. The company’s Freight Transportation segment offers transportation of general commodities; motor carrier freight transportation services; business-to-business air transportation services; ocean transport services; global customizable supply chain solutions and integrated warehousing services. Its Premium Logistics & Expedited Freight Services segment provides expedited freight transportation services to commercial and government customers; premium logistics services; and domestic and international freight transportation with air, ocean, and ground service. ArcBest Corporation, formerly known as Arkansas Best Corporation, is headquartered in Fort Smith, Arkansas. “
  • 4/2/2018 – ArcBest was upgraded by analysts at Stifel Nicolaus from a “sell” rating to a “hold” rating. They now have a $32.00 price target on the stock, down previously from $35.00.
  • 3/30/2018 – ArcBest was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 3/14/2018 – ArcBest was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “ArcBest Corporation provides freight transportation services and solutions. The company’s Freight Transportation segment offers transportation of general commodities; motor carrier freight transportation services; business-to-business air transportation services; ocean transport services; global customizable supply chain solutions and integrated warehousing services. Its Premium Logistics & Expedited Freight Services segment provides expedited freight transportation services to commercial and government customers; premium logistics services; and domestic and international freight transportation with air, ocean, and ground service. ArcBest Corporation, formerly known as Arkansas Best Corporation, is headquartered in Fort Smith, Arkansas. “
  • 3/14/2018 – ArcBest was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 3/10/2018 – ArcBest was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 2/28/2018 – ArcBest was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 2/21/2018 – ArcBest had its “equal weight” rating reaffirmed by analysts at Morgan Stanley. They now have a $32.00 price target on the stock, up previously from $23.00.

Shares of ArcBest stock traded up $0.15 during trading on Tuesday, hitting $34.65. 167,701 shares of the stock were exchanged, compared to its average volume of 312,123. The stock has a market cap of $829.50, a P/E ratio of 26.05 and a beta of 1.76. ArcBest has a 12-month low of $16.95 and a 12-month high of $39.70. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.32.

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ArcBest (NASDAQ:ARCB) last released its quarterly earnings data on Wednesday, January 31st. The transportation company reported $0.42 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.07. The business had revenue of $710.72 million during the quarter, compared to analysts’ expectations of $723.69 million. ArcBest had a net margin of 2.11% and a return on equity of 5.82%. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.28 EPS. sell-side analysts forecast that ArcBest will post 2.3 earnings per share for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the company. Victory Capital Management Inc. lifted its position in ArcBest by 5.5% in the fourth quarter. Victory Capital Management Inc. now owns 45,056 shares of the transportation company’s stock valued at $1,611,000 after acquiring an additional 2,351 shares during the last quarter. Legal & General Group Plc lifted its position in ArcBest by 6.5% in the third quarter. Legal & General Group Plc now owns 47,022 shares of the transportation company’s stock valued at $1,573,000 after acquiring an additional 2,875 shares during the last quarter. Wells Fargo & Company MN lifted its position in ArcBest by 10.8% in the third quarter. Wells Fargo & Company MN now owns 30,475 shares of the transportation company’s stock valued at $1,019,000 after acquiring an additional 2,974 shares during the last quarter. Elkfork Partners LLC purchased a new stake in ArcBest in the fourth quarter valued at $113,000. Finally, Leucadia National Corp lifted its position in ArcBest by 13.2% in the fourth quarter. Leucadia National Corp now owns 27,619 shares of the transportation company’s stock valued at $987,000 after acquiring an additional 3,226 shares during the last quarter. 88.61% of the stock is owned by institutional investors and hedge funds.

ArcBest Corporation provides freight transportation services and integrated logistics solutions worldwide. It operates through three segments: Asset-Based, ArcBest, and FleetNet. The Asset-Based segment transports general commodities, such as food, textiles, apparel, furniture, appliances, chemicals, nonbulk petroleum products, rubber, plastics, metal and metal products, wood, glass, automotive parts, machinery, and miscellaneous manufactured products through less-than-truckload services.

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