Proficient Auto Logistics (NASDAQ:PAL – Get Free Report) had its price objective lowered by equities research analysts at Stifel Nicolaus from $10.00 to $9.00 in a note issued to investors on Friday, Benzinga reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus‘s target price indicates a potential upside of 194.12% from the company’s previous close.
PAL has been the subject of a number of other research reports. Zacks Research cut shares of Proficient Auto Logistics from a “hold” rating to a “strong sell” rating in a research report on Monday, October 12th. Barrington Research set a $12.00 target price on shares of Proficient Auto Logistics in a report on Tuesday, August 11th. Wall Street Zen raised Proficient Auto Logistics from a “sell” rating to a “hold” rating in a research report on Saturday, August 15th. Weiss Ratings cut Proficient Auto Logistics from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday. Finally, Raymond James Financial set a $9.00 price target on Proficient Auto Logistics in a research report on Thursday, October 15th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Proficient Auto Logistics has an average rating of “Hold” and a consensus price target of $10.00.
Get Our Latest Research Report on PAL
Proficient Auto Logistics Trading Down 3.5%
NASDAQ PAL opened at $3.06 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.18 and a quick ratio of 1.18. The stock has a market capitalization of $85.83 million, a P/E ratio of -2.17 and a beta of 1.44. The firm’s 50-day moving average is $3.56 and its two-hundred day moving average is $6.03. Proficient Auto Logistics has a 12 month low of $2.35 and a 12 month high of $10.97.
Proficient Auto Logistics (NASDAQ:PAL – Get Free Report) last announced its quarterly earnings results on Thursday, November 12th. The company reported ($0.35) earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.41). Proficient Auto Logistics had a negative net margin of 9.24% and a negative return on equity of 0.49%. The company had revenue of $148.97 million for the quarter, compared to analyst estimates of $155.03 million. On average, sell-side analysts anticipate that Proficient Auto Logistics will post -0.18 earnings per share for the current year.
Institutional Investors Weigh In On Proficient Auto Logistics
Several large investors have recently added to or reduced their stakes in the business. Boston Partners lifted its holdings in Proficient Auto Logistics by 56.5% during the 3rd quarter. Boston Partners now owns 249,470 shares of the company’s stock worth $871,000 after buying an additional 90,020 shares in the last quarter. Royce & Associates LP grew its stake in shares of Proficient Auto Logistics by 31.9% in the third quarter. Royce & Associates LP now owns 1,419,584 shares of the company’s stock worth $4,954,000 after acquiring an additional 343,616 shares in the last quarter. Jefferies Financial Group Inc. purchased a new stake in shares of Proficient Auto Logistics during the third quarter worth $1,125,000. WINTON GROUP Ltd acquired a new stake in shares of Proficient Auto Logistics in the second quarter valued at $399,000. Finally, Squarepoint Ops LLC acquired a new stake in shares of Proficient Auto Logistics in the second quarter valued at $173,000.
About Proficient Auto Logistics
Proficient Auto Logistics is a vehicle transportation and logistics company that moves finished automobiles for manufacturers, dealerships, rental car companies and other customers. Its services include hauling vehicles on specialized car-carrier trucks and coordinating transportation through logistics operations. The company serves customers across the United States, combining regional auto-transport businesses into a broader network. Proficient Auto Logistics began operating as a public company in 2024 following a business combination with FAST Acquisition Corp. and the consolidation of several auto-transport companies.
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