Stifel Nicolaus Trims Proficient Auto Logistics (NASDAQ:PAL) Target Price to $18.00

Proficient Auto Logistics (NASDAQ:PAL) had its target price reduced by Stifel Nicolaus from $21.00 to $18.00 in a report published on Thursday morning, Benzinga reports. They currently have a buy rating on the stock.

Several other research firms also recently weighed in on PAL. Barrington Research reaffirmed an “outperform” rating and issued a $22.00 price objective on shares of Proficient Auto Logistics in a research note on Friday, September 20th. Raymond James decreased their price objective on shares of Proficient Auto Logistics from $21.00 to $19.00 and set an “outperform” rating on the stock in a research report on Monday.

Proficient Auto Logistics Price Performance

Proficient Auto Logistics stock opened at $9.93 on Thursday. Proficient Auto Logistics has a one year low of $9.58 and a one year high of $21.01. The firm has a fifty day simple moving average of $16.77. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.36 and a quick ratio of 1.36.

Proficient Auto Logistics (NASDAQ:PAL) last announced its quarterly earnings data on Friday, August 9th. The company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.20 by $0.08. The company had revenue of $106.61 million during the quarter, compared to analyst estimates of $101.69 million. The company’s revenue for the quarter was up 5.8% compared to the same quarter last year. On average, analysts expect that Proficient Auto Logistics will post 0.83 earnings per share for the current fiscal year.

Insider Transactions at Proficient Auto Logistics

In related news, Director James B. Gattoni acquired 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The shares were acquired at an average price of $18.98 per share, with a total value of $379,600.00. Following the completion of the purchase, the director now directly owns 20,000 shares in the company, valued at approximately $379,600. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.00% of the company’s stock.

Institutional Trading of Proficient Auto Logistics

A number of hedge funds have recently bought and sold shares of PAL. SG Americas Securities LLC acquired a new position in Proficient Auto Logistics in the 3rd quarter valued at $104,000. XTX Topco Ltd acquired a new stake in shares of Proficient Auto Logistics during the second quarter worth $176,000. Federated Hermes Inc. purchased a new stake in shares of Proficient Auto Logistics in the second quarter valued at $257,000. Blair William & Co. IL acquired a new position in Proficient Auto Logistics in the second quarter valued at $660,000. Finally, Marshall Wace LLP purchased a new position in Proficient Auto Logistics during the second quarter worth about $1,082,000.

Proficient Auto Logistics Company Profile

Proficient Auto Logistics, Inc focuses on providing auto transportation and logistics services in North America. It primarily focuses on transporting and delivering finished vehicles from automotive production facilities, ports of entry, and rail yards to a network of automotive dealerships. The company operates approximately 1,130 auto transport vehicles and trailers, including 615 company-owned transport vehicles and trailers.