ArcBest Corp (NASDAQ:ARCB) stock price target upped to $24.00, issued a ratings update today by Buckingham Research
- Updated: September 23, 2016
Yesterday ArcBest Corp (NASDAQ:ARCB) traded -0.93% lower at $19.08. ArcBest Corp’s 50-day average is $18.43 and its two hundred day average is $18.59. With the last stock price up 2.84% relative to the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the date range. Volume of trade was down over the average, with 154,167 shares of ARCB changing hands under the typical 171,803
In a report announced on 9/23/2016 Buckingham Research raised the target price of ArcBest Corp (NASDAQ:ARCB) to $24.00 reporting a possible upside of 0.26%.
Previously on 9/8/2016, Citigroup reported on ArcBest Corp (NASDAQ:ARCB) raised the target price from $17.00 to $20.00. At the time, this indicated a possible upside of 0.05%.
With a total market value of $0, ArcBest Corp has price-earnings ratio of 17.94 with a one year low of $14.85 and a one year high of $28.80 .
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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