Shares of ARC Document Solutions, Inc. (NYSE:ARC) have been assigned an average recommendation of “Hold” from the six ratings firms that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $4.63.

Several brokerages have commented on ARC. Zacks Investment Research downgraded ARC Document Solutions from a “hold” rating to a “sell” rating in a research note on Friday. ValuEngine downgraded shares of ARC Document Solutions from a “buy” rating to a “hold” rating in a research note on Thursday. FBR & Co cut ARC Document Solutions from a “buy” rating to a “neutral” rating and upped their price target for the stock from $4.00 to $5.25 in a report on Thursday. B. Riley cut ARC Document Solutions from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $5.25 to $4.00 in a report on Thursday. Finally, TheStreet upgraded ARC Document Solutions from a “d+” rating to a “c” rating in a report on Tuesday, August 1st.

Several hedge funds and other institutional investors have recently modified their holdings of ARC. SG Americas Securities LLC grew its holdings in shares of ARC Document Solutions by 3.2% during the 2nd quarter. SG Americas Securities LLC now owns 62,272 shares of the business services provider’s stock worth $259,000 after purchasing an additional 1,954 shares in the last quarter. Teachers Advisors LLC raised its position in ARC Document Solutions by 3.2% in the 2nd quarter. Teachers Advisors LLC now owns 79,624 shares of the business services provider’s stock valued at $331,000 after purchasing an additional 2,452 shares during the last quarter. Cornerstone Capital Management Holdings LLC. raised its position in ARC Document Solutions by 6.9% in the 2nd quarter. Cornerstone Capital Management Holdings LLC. now owns 45,000 shares of the business services provider’s stock valued at $186,000 after purchasing an additional 2,900 shares during the last quarter. Parametric Portfolio Associates LLC raised its position in shares of ARC Document Solutions by 1.2% during the second quarter. Parametric Portfolio Associates LLC now owns 249,493 shares of the business services provider’s stock worth $1,038,000 after acquiring an additional 2,976 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in shares of ARC Document Solutions by 10.0% during the second quarter. The Manufacturers Life Insurance Company now owns 38,025 shares of the business services provider’s stock worth $158,000 after acquiring an additional 3,446 shares during the last quarter. 70.57% of the stock is currently owned by institutional investors and hedge funds.

ARC Document Solutions (NYSE:ARC) traded down $1.63 during midday trading on Friday, hitting $2.81. 495,459 shares of the stock traded hands, compared to its average volume of 245,544. The firm has a market capitalization of $161.65 million, a PE ratio of 18.32 and a beta of 2.52.

ARC Document Solutions (NYSE:ARC) last issued its earnings results on Wednesday, November 1st. The business services provider reported $0.01 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.03). ARC Document Solutions had a negative net margin of 1.70% and a positive return on equity of 5.28%. The firm had revenue of $96.50 million during the quarter, compared to analyst estimates of $98.24 million. During the same period last year, the business earned $0.07 EPS. The firm’s revenue was down 3.9% compared to the same quarter last year. equities research analysts expect that ARC Document Solutions will post 0.13 earnings per share for the current year.

TRADEMARK VIOLATION WARNING: “ARC Document Solutions, Inc. (ARC) Receives Consensus Recommendation of “Hold” from Analysts” was first published by American Banking News and is owned by of American Banking News. If you are accessing this piece on another site, it was illegally copied and reposted in violation of United States and international trademark and copyright legislation. The original version of this piece can be viewed at https://www.americanbankingnews.com/2017/11/03/arc-document-solutions-inc-arc-receives-consensus-recommendation-of-hold-from-analysts.html.

ARC Document Solutions Company Profile

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.

Receive News & Ratings for ARC Document Solutions Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ARC Document Solutions Inc. and related companies with MarketBeat.com's FREE daily email newsletter.