ArcBest Corp (NASDAQ:ARCB) has been downgraded to Strong Sell in a report by Zacks Investment Research today.
- Updated: September 28, 2016
Boasting a price of $18.91, ArcBest Corp (NASDAQ:ARCB) traded 1.66% higher on the day. With the last close up 2.74% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. ARCB has recorded a 50-day moving average of $18.44 and a 200-day moving average of $18.50. 136,517 shares of ARCB traded, down from an avg. volume of 160,514
Zacks Investment Research has downgraded ArcBest Corp (NASDAQ:ARCB) to Strong Sell in a statement released on 09/28/2016.
On 9/23/2016, Buckingham Research released a statement on ArcBest Corp (NASDAQ:ARCB) increased the target price from $0.00 to $24.00 that indicated a possible upside of 0.26%.
Recent Performance Chart
ArcBest Corp has 52 week low of $14.85 and a 52 week high of $28.80 with a P/E ratio of 17.83 and has a market cap of $0.
In addition to Zacks Investment Research reporting its target price, a total of 10 brokers have issued a research note on the company. The average stock price target is $22.10 with 3 brokers rating the stock a strong buy, 1 firm rating the stock a buy, 9 firms rating the stock a hold, 1 firm rating the stock a underperform, and finally zero analysts rating the company a sell.
More About ArcBest Corp (NASDAQ:ARCB)
ArcBest Corporation is a holding company of businesses providing freight transportation services and logistics solutions. The Company operates through five segments: Freight Transportation (ABF Freight) segment, Premium Logistics (Panther), Transportation Management (ABF Logistics), Emergency & Preventative Maintenance (FleetNet) and Household Goods Moving Services (ABF Moving). ABF Freight provides interstate and intrastate direct service to over 48,000 communities through over 250 service centers in over 50 states of the United States, Canada and Puerto Rico. The Panther segment provides freight transportation services to commercial and government customers, and offers logistics services. The FleetNet segment includes the operations of FleetNet America, Inc. The ABF Logistics segment includes the operations of its businesses, which provide freight brokerage and intermodal transportation services, and others. Its principal operations are conducted through ABF Freight.
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