Get Even More Visitors To Your Blog, Upgrade To A Business Listing >>

Arkansas Best (NASDAQ:ARCB) Downgraded to “Sell” Rating With $32.0 Target by Analysts at Stifel from “Hold” Rating

Stifel Nicolaus Analyst Rating Change Arkansas Best NASDAQ:ARCB

Arkansas Best (NASDAQ:ARCB) Downgrade

Arkansas Best (NASDAQ:ARCB) was lowered by equity analysts at Stifel from “Hold” rating to “Sell” rating in a research report sent to investors on 13 December. The firm after the upgrade has a $32.0 target price per share on the stock. Stifel’s target price per share means a potential downside of -1.84 %.

This rating downgrade was noticed by equity traders, as NASDAQ:ARCB is currently trading 0.00% lower at $33.00 as of 4:04 PM New York time. Arkansas Best shares have [From2] 0% over the last 200 days, while the S&P500 has surged 6.00% over the same time.

Out of 10 analysts covering Arkansas Best, 4 rate it a Buy, 9 indicate a Hold while 1 suggest a Sell. The highest target is $28 and the lowest is $17 according to Thomson/First Call. The 12-month mean target is $22.1, which means downside potential of 33.03% over the current price.

Arkansas Best (NASDAQ:ARCB) Profile

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). Its Asset-Based operations offer transportation of general commodities through standard, time-critical, expedited and guaranteed LTL services-nationally and regionally.

Arkansas Best (NASDAQ:ARCB) closed at $33 yesterday. A total of shares of the company’s stock traded hands. This is down from average of 241,425 shares. Arkansas Best has a 52 week low of $16.95 and a 52 week high of $34.25. The company has a market cap of $848.31 million and a P/E ratio of 38.33.

Get the latest Arkansas Best (NASDAQ:ARCB) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.

The post Arkansas Best (NASDAQ:ARCB) Downgraded to “Sell” Rating With $32.0 Target by Analysts at Stifel from “Hold” Rating appeared first on Octafinance.



This post first appeared on Octafinance – Financial News, Reports And Intell, please read the originial post: here

Share the post

Arkansas Best (NASDAQ:ARCB) Downgraded to “Sell” Rating With $32.0 Target by Analysts at Stifel from “Hold” Rating

×

Subscribe to Octafinance – Financial News, Reports And Intell

Get updates delivered right to your inbox!

Thank you for your subscription

×