ArcBest Corp (NASDAQ:ARCB) has been upgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: October 5, 2016
Zacks Investment Research has upgraded ArcBest Corp (NASDAQ:ARCB) to Hold in a statement released on Wednesday October 05, 2016.
Boasting a price of $20.92, ArcBest Corp (NASDAQ:ARCB) traded 5.34% higher on the day. With the last stock price close up 13.79% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. ArcBest Corp has recorded a 50-day average of $18.67 and a two hundred day average of $18.38. Volume of trade was up over the average, with 328,820 shares of ARCB changing hands over the typical 157,128
With a total market value of $0, ArcBest Corp has PE ratio of 19.62 with a one year low of $14.85 and a one year high of $28.80 .
A total of 10 brokerages have released a report on ArcBest Corp. Three brokerages rating the company a strong buy, one brokerage rating the company a buy, nine brokerages rating the company a hold, one brokerage rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $22.10.
General Company Details For 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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