ArcBest Corporation (NASDAQ:ARCB – Get Free Report) has been given an average recommendation of “Moderate Buy” by the fifteen analysts that are presently covering the firm, MarketBeat.com reports. Six investment analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $155.0769.
Several research analysts recently issued reports on the stock. UBS Group upped their target price on shares of ArcBest from $122.00 to $145.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 7th. Weiss Ratings lowered ArcBest from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, May 28th. Citigroup assumed coverage on ArcBest in a research note on Wednesday, July 15th. They issued a “market outperform” rating for the company. JPMorgan Chase & Co. increased their price target on shares of ArcBest from $117.00 to $147.00 and gave the company a “neutral” rating in a research report on Monday, June 8th. Finally, The Goldman Sachs Group lifted their price target on shares of ArcBest from $117.00 to $165.00 and gave the stock a “buy” rating in a research note on Tuesday, June 23rd.
View Our Latest Stock Report on ARCB
Institutional Investors Weigh In On ArcBest
ArcBest Stock Performance
ArcBest stock opened at $154.30 on Friday. The stock has a market cap of $3.43 billion, a P/E ratio of 63.50, a PEG ratio of 0.55 and a beta of 1.57. ArcBest has a fifty-two week low of $59.43 and a fifty-two week high of $176.69. The firm’s fifty day moving average price is $146.70 and its 200-day moving average price is $117.75. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.93 and a current ratio of 0.93.
ArcBest (NASDAQ:ARCB – Get Free Report) last issued its quarterly earnings data on Tuesday, April 28th. The transportation company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.05. ArcBest had a return on equity of 6.15% and a net margin of 1.38%.The company had revenue of $998.79 million for the quarter, compared to the consensus estimate of $999.07 million. During the same quarter last year, the business posted $0.51 earnings per share. The firm’s revenue was up 3.3% compared to the same quarter last year. Equities research analysts forecast that ArcBest will post 6.62 earnings per share for the current fiscal year.
About ArcBest
ArcBest Corporation (NASDAQ: ARCB) is a transportation and logistics company that offers comprehensive freight and supply chain solutions across North America. Founded in 1923 as Arkansas Best Freight System, the company has evolved into a diversified service provider with both asset-based and asset-light operations. Its core businesses include less-than-truckload (LTL) shipping through ABF Freight, expedited full-truckload services via Panther Premium Logistics, and a range of logistics and supply chain management services under its ArcBest Integrated Logistics division.
The company’s asset-based operations also encompass FleetNet America, a provider of emergency roadside assistance and maintenance services for heavy-duty vehicles.
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