ArcBest Corp (NASDAQ:ARCB) has been upgraded to Buy in a report by TheStreet today.
- Updated: November 29, 2016
Boasting a price of $30.30, ArcBest Corp (NASDAQ:ARCB) traded 0.83% higher on the day. With the last stock price close up 57.89% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.03% over the date range. ArcBest Corp has recorded a 50-day average of $23.55 and a two hundred day average of $19.19. Volume of trade was down over the average, with 0 shares of ARCB changing hands under the typical 222,541
TheStreet has upgraded ArcBest Corp (NASDAQ:ARCB) to Buy in a statement released on Monday November 28, 2016.
On 02/22/2016, Bank of America (Merrill Lynch) released a statement for ArcBest Corp (NASDAQ:ARCB) bumped up the target price from $16.00 to $17.00 that suggested a downside of -0.17%.
With a total market value of $0, ArcBest Corp has price-earnings ratio of 36.42 with a one year low of $14.85 and a one year high of $30.60 .
A total of 10 equity analysts have released a ratings update on ARCB. Three equity analysts rating the company a strong buy, one equity analyst rating the company a buy, nine equity analysts rating the company a hold, one equity analyst rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $22.10.
Brief Synopsis 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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