Arkansas Best Corp. Given New $26.00 Price Target at Buckingham Research (ABFS)
Equities researchers at Buckingham Research raised their target price on shares of Arkansas Best Corp. (NASDAQ:ABFS) from $24.00 to $26.00 in a research report issued on Friday, Stock Ratings Network reports. Buckingham Research’s target price would suggest a potential downside of 24.18% from the company’s current price.
Shares of Arkansas Best Corp. (NASDAQ:ABFS) opened at 34.29 on Friday. Arkansas Best Corp. has a 52 week low of $9.62 and a 52 week high of $35.96. The stock has a 50-day moving average of $33.90 and a 200-day moving average of $28.22. The company’s market cap is $882.3 million.
Arkansas Best Corp. (NASDAQ:ABFS) last issued its quarterly earnings data on Friday, January 31st. The company reported $0.31 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.30 by $0.01. The company had revenue of $578.50 million for the quarter, compared to the consensus estimate of $565.77 million. Analysts expect that Arkansas Best Corp. will post $2.00 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, February 20th. Stockholders of record on Thursday, February 6th will be paid a dividend of 0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.35%. The ex-dividend date is Tuesday, February 4th.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks downgraded shares of Arkansas Best Corp. from an “outperform” rating to a “neutral” rating in a research note to investors on Friday, January 17th. They now have a $37.10 price target on the stock. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Arkansas Best Corp. in a research note to investors on Monday, December 16th. They now have a $35.00 price target on the stock, up previously from $29.00. Seven equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $34.01.
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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