Press coverage about ArcBest (NASDAQ:ARCB) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm identifies negative and positive news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. ArcBest earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave media stories about the transportation company an impact score of 45.3819454460367 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the media stories that may have impacted Accern Sentiment Analysis’s scoring:
- ArcBest (ARCB) Upgraded to “Buy” at BidaskClub (americanbankingnews.com)
- Critical Comparison: Con-way (CNW) & ArcBest (ARCB) (americanbankingnews.com)
- ArcBest : Many more Christmas-themed events coming to Fort Smith region (4-traders.com)
- Rudolph takes the stage; No Time Flatt performs bluegrass (arkansasonline.com)
ArcBest (NASDAQ ARCB) opened at $36.90 on Friday. ArcBest has a 12-month low of $16.95 and a 12-month high of $38.05. The company has a market cap of $946.01, a PE ratio of 30.00 and a beta of 1.81. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.26 and a quick ratio of 1.26.
The business also recently announced a quarterly dividend, which was paid on Tuesday, November 28th. Stockholders of record on Tuesday, November 14th were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date was Monday, November 13th. ArcBest’s dividend payout ratio is presently 34.41%.
A number of research analysts recently weighed in on ARCB shares. Cowen downgraded shares of ArcBest from an “outperform” rating to a “market perform” rating in a research report on Monday, October 16th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $28.00 target price on shares of ArcBest in a research report on Thursday, September 21st. Deutsche Bank reaffirmed a “hold” rating and issued a $29.00 target price (up previously from $26.00) on shares of ArcBest in a research report on Wednesday, August 9th. Zacks Investment Research downgraded shares of ArcBest from a “buy” rating to a “hold” rating in a research report on Monday, October 9th. Finally, Bank of America raised their target price on shares of ArcBest from $34.00 to $35.00 and gave the company a “neutral” rating in a research report on Monday, November 6th. Nine research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $30.86.
In other news, Director Steven Spinner sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $32.00, for a total transaction of $128,000.00. Following the completion of the sale, the director now owns 24,700 shares in the company, valued at approximately $790,400. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Michael R. Johns sold 6,593 shares of the firm’s stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $29.98, for a total transaction of $197,658.14. Following the sale, the vice president now owns 35,700 shares of the company’s stock, valued at approximately $1,070,286. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,363 shares of company stock valued at $348,758. 0.97% of the stock is currently owned by corporate insiders.
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ArcBest Corporation is a holding company of businesses providing integrated logistics solutions. The Company operates through three segments: Asset-Based, which consists of ABF Freight System, Inc and other subsidiaries; ArcBest, which represents the consolidation of the operations of the Premium Logistics, Transportation Management and Household Goods Moving Services segments, and FleetNet, which includes the results of operations of FleetNet America, Inc (FleetNet).
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