Zacks Investment Research downgraded ArcBest Corp (NASDAQ:ARCB) to Hold in a report released today.
- Updated: January 11, 2017
Zacks Investment Research has downgraded ArcBest Corp (NASDAQ:ARCB) to Hold in a report released on 1/11/2017.
Previously on Tuesday December 20, 2016, Zacks Investment Research reported about ArcBest Corp (NASDAQ:ARCB) raised the target price from $0.00 to $33.00. At the time, this indicated a possible upside of 0.11%.
Yesterday ArcBest Corp (NASDAQ:ARCB) traded 1.88% higher at $29.85. The company’s 50-day moving average is $29.87 and its 200-day moving average is $21.73. The last stock close price is up 37.40% from the 200-day moving average, compared to the S&P 500 which has decreased -0.04% over the same time. 389,654 shares of the stock were exchanged, up from an average trading volume of 294,898
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ArcBest Corp has a 52 week low of $14.85 and a 52 week high of $33.95 with a P/E ratio of 35.88 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its target price, a total of 10 firms have reported on the stock. The consensus target price is $22.10 with 3 firms 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 0 firms rating the stock a sell.
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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