Arkansas Best Corp. PT Raised to $35.00 at Cowen and Company (ABFS)
Stock analysts at Cowen and Company raised their target price on shares of Arkansas Best Corp. (NASDAQ:ABFS) from $31.00 to $35.00 in a report issued on Monday, AnalystRatings.Net reports. Cowen and Company’s price objective points to a potential upside of 7.66% from the company’s current price.
Arkansas Best Corp. (NASDAQ:ABFS) traded down 5.19% on Monday, hitting $32.51. 599,254 shares of the company’s stock traded hands. 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 $839.7 million.
Arkansas Best Corp. (NASDAQ:ABFS) last issued its quarterly earnings data on Friday, January 31st. The company reported $0.31 earnings per share for the quarter, beating the analysts’ 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 $2.01 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 0.37%. The ex-dividend date is Tuesday, February 4th.
ABFS has been the subject of a number of other recent research reports. Analysts at Buckingham Research raised their price target on shares of Arkansas Best Corp. from $24.00 to $26.00 in a research note to investors on Friday. Separately, 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. Finally, 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. Five research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $34.61.
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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