ARC Document Solutions’ (NYSE:ARC) “Buy” Rating Reaffirmed at B. Riley
ARC Document Solutions, Inc. (NYSE:ARC)‘s stock had its “buy” rating reissued by stock analysts at B. Riley in a report issued on Sunday. They presently have a $5.25 price target on the business services provider’s stock. B. Riley’s price target indicates a potential upside of 34.96% from the stock’s previous close.
Other analysts also recently issued reports about the stock. TheStreet upgraded shares of ARC Document Solutions from a “d+” rating to a “c” rating in a research report on Tuesday, August 1st. Zacks Investment Research downgraded shares of ARC Document Solutions from a “buy” rating to a “hold” rating in a research report on Tuesday, April 11th. Finally, Raymond James Financial, Inc. upgraded shares of ARC Document Solutions from an “outperform” rating to a “strong-buy” rating in a research report on Thursday, July 6th.
Shares of ARC Document Solutions (NYSE:ARC) traded up 2.91% on Friday, reaching $3.89. 150,838 shares of the company’s stock were exchanged. The company has a market capitalization of $180.65 million, a P/E ratio of 16.34 and a beta of 2.50. ARC Document Solutions has a 1-year low of $3.06 and a 1-year high of $5.55. The stock’s 50-day moving average price is $4.07 and its 200-day moving average price is $4.00.
ARC Document Solutions (NYSE:ARC) last released its quarterly earnings results on Tuesday, August 1st. The business services provider reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.02. ARC Document Solutions had a net margin of 2.72% and a return on equity of 7.00%. The company had revenue of $102.30 million for the quarter, compared to the consensus estimate of $100.74 million. During the same period in the previous year, the firm earned $0.10 EPS. ARC Document Solutions’s revenue was down 1.4% on a year-over-year basis. Analysts anticipate that ARC Document Solutions will post $0.22 EPS for the current fiscal year.
Several hedge funds have recently added to or reduced their stakes in ARC. A.R.T. Advisors LLC bought a new stake in ARC Document Solutions during the fourth quarter worth approximately $112,000. Blair William & Co. IL increased its stake in ARC Document Solutions by 1.8% in the first quarter. Blair William & Co. IL now owns 28,516 shares of the business services provider’s stock worth $115,000 after buying an additional 500 shares during the period. First Quadrant L P CA increased its stake in ARC Document Solutions by 127.3% in the second quarter. First Quadrant L P CA now owns 32,500 shares of the business services provider’s stock worth $126,000 after buying an additional 18,200 shares during the period. Eagle Global Advisors LLC bought a new stake in ARC Document Solutions during the first quarter worth approximately $127,000. Finally, Perkins Capital Management Inc. increased its stake in ARC Document Solutions by 47.2% in the first quarter. Perkins Capital Management Inc. now owns 43,416 shares of the business services provider’s stock worth $150,000 after buying an additional 13,916 shares during the period. Institutional investors own 72.39% of the company’s stock.
About ARC Document Solutions
ARC Document Solutions, Inc (ARC) is a document solutions provider for the architectural, engineering and construction (AEC) industry. The Company also provides document solutions to businesses of various types. ARC’s offerings include managed print services (MPS), offsite services, archive and information management (AIM), specialized color printing, Web-based document management applications, digital shipping/managed file transfer, and equipment and supplies sales.
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