ArcBest (NASDAQ:ARCB) Earns “Overweight” Rating from Stephens

ArcBest (NASDAQ:ARCB)‘s stock had its “overweight” rating reaffirmed by Stephens in a research report issued on Tuesday,Benzinga reports. They currently have a $116.00 target price on the transportation company’s stock. Stephens’ price target points to a potential upside of 59.17% from the company’s current price.

A number of other equities research analysts have also recently weighed in on the company. UBS Group dropped their price target on ArcBest from $110.00 to $100.00 and set a “neutral” rating on the stock in a research note on Monday, February 3rd. Morgan Stanley lowered their price objective on ArcBest from $160.00 to $145.00 and set an “overweight” rating on the stock in a research report on Monday, February 3rd. Wells Fargo & Company lowered their price objective on ArcBest from $105.00 to $96.00 and set an “equal weight” rating on the stock in a research report on Monday, February 3rd. Citigroup increased their price objective on ArcBest from $110.00 to $127.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 12th. Finally, Stifel Nicolaus increased their price objective on ArcBest from $109.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, ArcBest has an average rating of “Hold” and a consensus price target of $111.27.

ArcBest Stock Down 0.6 %

ARCB opened at $72.88 on Tuesday. ArcBest has a 1-year low of $70.96 and a 1-year high of $153.61. The stock’s fifty day simple moving average is $90.82 and its 200 day simple moving average is $100.46. The company has a current ratio of 1.01, a quick ratio of 1.04 and a debt-to-equity ratio of 0.10. The stock has a market cap of $1.69 billion, a PE ratio of 9.94, a price-to-earnings-growth ratio of 1.70 and a beta of 1.54.

ArcBest (NASDAQ:ARCB) last posted its quarterly earnings results on Friday, January 31st. The transportation company reported $1.33 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.22. ArcBest had a return on equity of 11.79% and a net margin of 4.16%. During the same period in the previous year, the firm posted $2.47 EPS. As a group, research analysts expect that ArcBest will post 7 earnings per share for the current year.

Institutional Trading of ArcBest

Large investors have recently bought and sold shares of the business. Blue Trust Inc. boosted its stake in ArcBest by 146.3% in the fourth quarter. Blue Trust Inc. now owns 298 shares of the transportation company’s stock valued at $28,000 after buying an additional 177 shares in the last quarter. R Squared Ltd acquired a new stake in ArcBest in the fourth quarter valued at about $40,000. Quest Partners LLC boosted its stake in ArcBest by 60.6% in the third quarter. Quest Partners LLC now owns 546 shares of the transportation company’s stock valued at $59,000 after buying an additional 206 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in ArcBest by 471.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 549 shares of the transportation company’s stock valued at $51,000 after buying an additional 453 shares in the last quarter. Finally, Avior Wealth Management LLC boosted its stake in ArcBest by 17.9% in the third quarter. Avior Wealth Management LLC now owns 625 shares of the transportation company’s stock valued at $68,000 after buying an additional 95 shares in the last quarter. 99.27% of the stock is owned by institutional investors and hedge funds.

About ArcBest

ArcBest Corporation, an integrated logistics company, engages in the provision of ground, air, and ocean transportation solutions. It operates through two segments: Asset-Based and Asset-Light. The Asset-Based segment provides less-than-truckload (LTL) services, that transports general commodities, such as food, textiles, apparel, furniture, appliances, chemicals, non-bulk petroleum products, rubber, plastics, metal and metal products, wood, glass, automotive parts, machinery, and miscellaneous manufactured products.