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.
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