Research Analysts’ Weekly Ratings Changes for ArcBest (ARCB)

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

  • 1/22/2018 – ArcBest was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $44.00 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. “
  • 1/17/2018 – ArcBest was downgraded by analysts at Zacks Investment Research from a “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. “
  • 1/16/2018 – ArcBest had its “neutral” rating reaffirmed by analysts at Seaport Global Securities.
  • 1/16/2018 – ArcBest was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $41.00 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. “
  • 1/10/2018 – ArcBest was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 12/13/2017 – ArcBest was downgraded by analysts at Stifel Nicolaus from a “hold” rating to a “sell” rating. They now have a $32.00 price target on the stock, up previously from $27.00.
  • 12/2/2017 – ArcBest was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.

ArcBest Corp (NASDAQ ARCB) traded up $1.10 on Tuesday, reaching $38.95. The company had a trading volume of 405,500 shares, compared to its average volume of 369,800. ArcBest Corp has a twelve month low of $16.95 and a twelve month high of $39.70. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.33. The company has a market cap of $998.56, a PE ratio of 41.88 and a beta of 1.83.

ArcBest (NASDAQ:ARCB) last posted its quarterly earnings results on Friday, November 3rd. The transportation company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.01. The business had revenue of $744.30 million for the quarter, compared to analysts’ expectations of $750.16 million. ArcBest had a return on equity of 5.34% and a net margin of 0.88%. The firm’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.48 EPS. analysts predict that ArcBest Corp will post 1.28 earnings per share for the current year.

In other ArcBest news, Director Janice E. Stipp sold 3,700 shares of the stock in a transaction on Friday, December 8th. The stock was sold at an average price of $38.09, for a total transaction of $140,933.00. Following the transaction, the director now owns 20,200 shares in the company, valued at approximately $769,418. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William Legg sold 6,153 shares of the stock in a transaction on Monday, December 11th. The stock was sold at an average price of $37.52, for a total value of $230,860.56. Following the transaction, the director now owns 36,147 shares in the company, valued at approximately $1,356,235.44. The disclosure for this sale can be found here. Insiders have sold a total of 13,853 shares of company stock worth $499,794 in the last quarter. Company insiders own 0.97% of the company’s stock.

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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