ARC Document Solutions Rating Increased to Outperform at Zacks (ARC)
ARC Document Solutions (NYSE:ARC) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a note issued to investors on Friday, Analyst RN reports. The firm currently has a $9.20 target price on the stock. Zacks‘ price objective points to a potential upside of 13.58% from the company’s current price.
Separately, analysts at TheStreet upgraded shares of ARC Document Solutions to a “hold” rating in a research note to investors on Thursday, October 31st.
ARC Document Solutions (NYSE:ARC) traded down 6.54% during mid-day trading on Friday, hitting $7.57. The stock had a trading volume of 351,922 shares. ARC Document Solutions has a 1-year low of $2.12 and a 1-year high of $9.35. The stock’s 50-day moving average is $8.21 and its 200-day moving average is $6.1. The company’s market cap is $350.6 million.
ARC Document Solutions (NYSE:ARC) last announced its earnings results on Wednesday, November 6th. The company reported $0.02 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.02. The company had revenue of $101.30 million for the quarter, compared to the consensus estimate of $99.20 million. During the same quarter last year, the company posted ($0.04) earnings per share. ARC Document Solutions’s revenue was up 1.8% compared to the same quarter last year. On average, analysts predict that ARC Document Solutions will post $0.08 earnings per share for the current fiscal year.
ARC Document Solutions, Inc, formerly American Reprographics Company, provides specialized document solutions to businesses of all types, with a focus on the non-residential segment of the architecture, engineering and construction (NYSE:ARC) industry.
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