Barrington Research Reaffirms Outperform Rating for Proficient Auto Logistics (NASDAQ:PAL)

Proficient Auto Logistics (NASDAQ:PAL)‘s stock had its “outperform” rating reiterated by investment analysts at Barrington Research in a report issued on Monday,Benzinga reports. They presently have a $15.00 target price on the stock. Barrington Research’s price target would suggest a potential upside of 52.44% from the company’s previous close.

A number of other analysts have also recently weighed in on the stock. Stifel Nicolaus lowered their target price on shares of Proficient Auto Logistics from $15.00 to $14.00 and set a “buy” rating on the stock in a research note on Thursday, January 23rd. Raymond James reduced their target price on shares of Proficient Auto Logistics from $21.00 to $19.00 and set an “outperform” rating on the stock in a research report on Monday, October 14th.

Proficient Auto Logistics Stock Performance

PAL stock opened at $9.84 on Monday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.16. Proficient Auto Logistics has a 1 year low of $7.24 and a 1 year high of $21.01. The company has a fifty day simple moving average of $9.36 and a 200 day simple moving average of $13.04.

Proficient Auto Logistics (NASDAQ:PAL) last released its earnings results on Friday, November 8th. The company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.01. The firm had revenue of $91.50 million for the quarter, compared to analyst estimates of $89.54 million. Proficient Auto Logistics’s revenue for the quarter was down 12.5% on a year-over-year basis. As a group, research analysts expect that Proficient Auto Logistics will post 0.4 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Richard D. Odell acquired 54,000 shares of the stock in a transaction dated Thursday, November 14th. The stock was bought at an average price of $9.20 per share, with a total value of $496,800.00. Following the completion of the transaction, the chief executive officer now directly owns 753,802 shares of the company’s stock, valued at approximately $6,934,978.40. The trade was a 7.72 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Institutional Investors Weigh In On Proficient Auto Logistics

Several large investors have recently made changes to their positions in PAL. Marshall Wace LLP bought a new position in Proficient Auto Logistics in the second quarter valued at $1,082,000. Millennium Management LLC bought a new position in shares of Proficient Auto Logistics in the 2nd quarter valued at about $14,446,000. SG Americas Securities LLC acquired a new stake in shares of Proficient Auto Logistics during the 3rd quarter worth about $104,000. Wedge Capital Management L L P NC acquired a new stake in shares of Proficient Auto Logistics during the 3rd quarter worth about $1,691,000. Finally, Nicholas Hoffman & Company LLC. acquired a new stake in shares of Proficient Auto Logistics during the 3rd quarter worth about $177,000.

Proficient Auto Logistics Company Profile

Proficient Auto Logistics, Inc focuses on providing auto transportation and logistics services in North America. It primarily focuses on transporting and delivering finished vehicles from automotive production facilities, ports of entry, and rail yards to a network of automotive dealerships. The company operates approximately 1,130 auto transport vehicles and trailers, including 615 company-owned transport vehicles and trailers.