Arc Logistics Partners Downgraded by Zacks (ARCX)
Arc Logistics Partners (NASDAQ:ARCX) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research note issued on Wednesday. They currently have a $24.20 price objective on the stock. Zacks‘s target price would indicate a potential downside of 5.10% from the stock’s previous close.
Arc Logistics Partners (NASDAQ:ARCX) traded down 3.84% during mid-day trading on Wednesday, hitting $24.5201. The stock had a trading volume of 1,442 shares. Arc Logistics Partners has a 52 week low of $18.69 and a 52 week high of $26.89. The stock has a 50-day moving average of $25.09 and a 200-day moving average of $22.97. The company has a market cap of $317.5 million and a P/E ratio of 82.79.
Arc Logistics Partners (NASDAQ:ARCX) last released its earnings data on Wednesday, August 13th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by $0.08. The company had revenue of $14.73 million for the quarter, compared to the consensus estimate of $13.88 million. On average, analysts predict that Arc Logistics Partners will post $1.08 earnings per share for the current fiscal year.
To view Zacks’ full report, visit Zacks’ official website.
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