Several analysts have recently updated their ratings and price targets for ArcBest Corporation (NASDAQ: ARCB):

  • 10/18/2017 – ArcBest Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “ArcBest Corporation provides freight transportation services and solutions. The company’s Freight Transportation segment offers transportation of general commodities; motor carrier freight transportation services; business-to-business air transportation services; ocean transport services; global customizable supply chain solutions and integrated warehousing services. Its Premium Logistics & Expedited Freight Services segment provides expedited freight transportation services to commercial and government customers; premium logistics services; and domestic and international freight transportation with air, ocean, and ground service. ArcBest Corporation, formerly known as Arkansas Best Corporation, is headquartered in Fort Smith, Arkansas. “
  • 10/16/2017 – ArcBest Corporation was downgraded by analysts at Cowen and Company from an “outperform” rating to a “market perform” rating.
  • 10/10/2017 – ArcBest Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $36.00 price target on the stock. According to Zacks, “ArcBest Corporation provides freight transportation services and solutions. The company’s Freight Transportation segment offers transportation of general commodities; motor carrier freight transportation services; business-to-business air transportation services; ocean transport services; global customizable supply chain solutions and integrated warehousing services. Its Premium Logistics & Expedited Freight Services segment provides expedited freight transportation services to commercial and government customers; premium logistics services; and domestic and international freight transportation with air, ocean, and ground service. ArcBest Corporation, formerly known as Arkansas Best Corporation, is headquartered in Fort Smith, Arkansas. “
  • 10/9/2017 – ArcBest Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “ArcBest Corporation provides freight transportation services and solutions. The company’s Freight Transportation segment offers transportation of general commodities; motor carrier freight transportation services; business-to-business air transportation services; ocean transport services; global customizable supply chain solutions and integrated warehousing services. Its Premium Logistics & Expedited Freight Services segment provides expedited freight transportation services to commercial and government customers; premium logistics services; and domestic and international freight transportation with air, ocean, and ground service. ArcBest Corporation, formerly known as Arkansas Best Corporation, is headquartered in Fort Smith, Arkansas. “
  • 10/5/2017 – ArcBest Corporation had its “equal weight” rating reaffirmed by analysts at Morgan Stanley. They now have a $22.00 price target on the stock, up previously from $21.00.
  • 10/2/2017 – ArcBest Corporation was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 9/21/2017 – ArcBest Corporation had its “hold” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $28.00 price target on the stock.
  • 9/1/2017 – ArcBest Corporation was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.

Shares of ArcBest Corporation (ARCB) traded up 1.25% on Tuesday, hitting $32.35. 25,619 shares of the company were exchanged. ArcBest Corporation has a 52-week low of $16.95 and a 52-week high of $34.25. The company has a 50-day moving average price of $31.15 and a 200 day moving average price of $24.90. The firm has a market cap of $831.59 million, a P/E ratio of 37.40 and a beta of 1.77.

ArcBest Corporation (NASDAQ:ARCB) last posted its earnings results on Friday, July 28th. The transportation company reported $0.57 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.09. The firm had revenue of $720.40 million during the quarter, compared to the consensus estimate of $721.11 million. ArcBest Corporation had a net margin of 0.83% and a return on equity of 4.92%. The company’s revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.38 EPS. Analysts predict that ArcBest Corporation will post $1.30 EPS for the current fiscal year.

In related news, VP Michael R. Johns sold 6,593 shares of the stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $29.98, for a total transaction of $197,658.14. Following the completion of the sale, the vice president now owns 35,700 shares of the company’s stock, valued at approximately $1,070,286. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO James A. Ingram sold 6,918 shares of the stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $27.14, for a total transaction of $187,754.52. Following the sale, the chief operating officer now directly owns 43,500 shares of the company’s stock, valued at approximately $1,180,590. The disclosure for this sale can be found here. In the last three months, insiders have sold 24,210 shares of company stock valued at $665,376. Corporate insiders own 0.97% of the company’s stock.

ArcBest Corporation is a holding company of businesses providing integrated logistics solutions. The Company operates through three segments: Asset-Based, which consists of ABF Freight System, Inc and other subsidiaries; ArcBest, which represents the consolidation of the operations of the Premium Logistics, Transportation Management and Household Goods Moving Services segments, and FleetNet, which includes the results of operations of FleetNet America, Inc (FleetNet).

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