ARC Document Solutions Inc (NYSE:ARC) has earned a consensus rating of “Hold” from the six ratings firms that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $4.63.

A number of brokerages have recently weighed in on ARC. TheStreet lowered shares of ARC Document Solutions from a “c-” rating to a “d+” rating in a report on Friday, November 17th. Zacks Investment Research lowered shares of ARC Document Solutions from a “hold” rating to a “sell” rating in a report on Friday, November 3rd. ValuEngine lowered shares of ARC Document Solutions from a “buy” rating to a “hold” rating in a report on Thursday, November 2nd. FBR & Co lowered shares of ARC Document Solutions from a “buy” rating to a “neutral” rating and raised their price objective for the company from $4.00 to $5.25 in a report on Thursday, November 2nd. Finally, B. Riley lowered shares of ARC Document Solutions from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $5.25 to $4.00 in a report on Thursday, November 2nd.

Shares of ARC Document Solutions (NYSE:ARC) opened at $3.00 on Tuesday. ARC Document Solutions has a fifty-two week low of $2.60 and a fifty-two week high of $5.55. The firm has a market cap of $139.84, a price-to-earnings ratio of 15.84 and a beta of 2.52. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.61 and a quick ratio of 1.34.

ARC Document Solutions (NYSE:ARC) last announced its quarterly earnings data on Wednesday, November 1st. The business services provider reported $0.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.03). ARC Document Solutions had a negative net margin of 15.31% and a negative return on equity of 39.19%. The firm had revenue of $96.50 million during the quarter, compared to analyst estimates of $98.24 million. During the same quarter in the previous year, the business posted $0.07 earnings per share. ARC Document Solutions’s revenue for the quarter was down 3.9% compared to the same quarter last year. sell-side analysts anticipate that ARC Document Solutions will post 0.13 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company grew its position in shares of ARC Document Solutions by 10.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 38,025 shares of the business services provider’s stock valued at $158,000 after buying an additional 3,446 shares during the last quarter. Cornerstone Capital Management Holdings LLC. grew its position in shares of 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 buying an additional 2,900 shares during the last quarter. SG Americas Securities LLC grew its position in shares of ARC Document Solutions by 3.2% in the 2nd quarter. SG Americas Securities LLC now owns 62,272 shares of the business services provider’s stock valued at $259,000 after buying an additional 1,954 shares during the last quarter. Federated Investors Inc. PA grew its position in shares of ARC Document Solutions by 24.3% in the 2nd quarter. Federated Investors Inc. PA now owns 69,738 shares of the business services provider’s stock valued at $290,000 after buying an additional 13,614 shares during the last quarter. Finally, Teachers Advisors LLC grew its position in shares of 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 buying an additional 2,452 shares during the last quarter. 70.02% of the stock is currently owned by hedge funds and other institutional investors.

WARNING: This piece was first published by American Banking News and is the property of of American Banking News. If you are viewing this piece on another site, it was stolen and republished in violation of U.S. & international copyright & trademark legislation. The legal version of this piece can be viewed at https://www.americanbankingnews.com/2017/11/28/arc-document-solutions-inc-arc-receives-average-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.