Arkansas Best Corp. Sets New 1-Year High at $27.51 (ABFS)
Arkansas Best Corp. (NASDAQ:ABFS) set a new 52-week high during mid-day trading on Wednesday, American Banking & Market News reports. The stock traded as high as $27.51 and last traded at $27.46, with a volume of 326,208 shares. The stock had previously closed at $26.36.
ABFS has been the subject of a number of recent research reports. Analysts at Raymond James upgraded shares of Arkansas Best Corp. (NASDAQ:ABFS) from a “market perform” rating to a “strong-buy” rating in a research note to investors on Monday, August 26th. They now have a $46.00 price target on the stock. Separately, analysts at Deutsche Bank raised their price target on shares of Arkansas Best Corp. (NASDAQ:ABFS) from $27.00 to $29.00 in a research note to investors on Tuesday, August 13th. They now have a “buy” rating on the stock. Finally, analysts at Buckingham Research initiated coverage on shares of Arkansas Best Corp. (NASDAQ:ABFS) in a research note to investors on Thursday, July 11th. They set an “underperform” rating on the stock.
Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $21.67.
Arkansas Best Corp. has a 52-week low of $6.43 and a 52-week high of $27.48. The stock’s 50-day moving average is $23.6 and its 200-day moving average is $17.7. The company’s market cap is $715.0 million.
Arkansas Best Corp. (NASDAQ:ABFS) last issued its quarterly earnings data on Friday, August 9th. The company reported $0.18 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.20 by $0.02. The company had revenue of $576.90 million for the quarter, compared to the consensus estimate of $572.48 million. During the same quarter last year, the company posted $0.18 earnings per share. Arkansas Best Corp.’s revenue was up 13.0% compared to the same quarter last year. Analysts expect that Arkansas Best Corp. will post $0.26 EPS for the current fiscal year.
Arkansas Best Corporation is a provider of freight transportation services and solutions. The Company operates in five segments: Freight Transportation, Premium Logistics and Expedited Freight Services, Truck Brokerage and Management, Emergency and Preventative Maintenance and Household Goods Moving Services.
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