ARC Document Solutions Inc (NYSE:ARC) has earned a consensus rating of “Hold” from the six research firms that are currently covering the stock, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $4.63.

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

In related news, Director Mark W. Mealy sold 22,000 shares of the stock in a transaction on Thursday, December 21st. The shares were sold at an average price of $2.71, for a total transaction of $59,620.00. Following the transaction, the director now owns 116,538 shares of the company’s stock, valued at approximately $315,817.98. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In the last ninety days, insiders have purchased 3,766 shares of company stock worth $8,802. 14.93% of the stock is owned by insiders.

Several hedge funds have recently added to or reduced their stakes in ARC. Schwab Charles Investment Management Inc. grew its holdings in shares of ARC Document Solutions by 28.9% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 126,550 shares of the business services provider’s stock valued at $527,000 after purchasing an additional 28,340 shares during the last quarter. Federated Investors Inc. PA grew its holdings in shares of ARC Document Solutions by 24.3% during the 2nd quarter. Federated Investors Inc. PA now owns 69,738 shares of the business services provider’s stock valued at $290,000 after purchasing an additional 13,614 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of ARC Document Solutions by 7.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,595,988 shares of the business services provider’s stock valued at $6,639,000 after purchasing an additional 107,235 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. grew its holdings in shares of ARC Document Solutions by 231.3% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 86,710 shares of the business services provider’s stock valued at $361,000 after purchasing an additional 60,541 shares during the last quarter. Finally, LSV Asset Management grew its holdings in shares of ARC Document Solutions by 26.1% during the 2nd quarter. LSV Asset Management now owns 440,390 shares of the business services provider’s stock valued at $1,832,000 after purchasing an additional 91,075 shares during the last quarter. 70.52% of the stock is currently owned by institutional investors.

Shares of ARC Document Solutions (NYSE:ARC) opened at $2.35 on Wednesday. The company has a current ratio of 1.61, a quick ratio of 1.34 and a debt-to-equity ratio of 0.85. The firm has a market cap of $120.79, a price-to-earnings ratio of -16.79 and a beta of 2.30. ARC Document Solutions has a 52-week low of $2.30 and a 52-week high of $5.22.

ARC Document Solutions (NYSE:ARC) last posted its quarterly earnings data 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). The company had revenue of $96.50 million for the quarter, compared to analysts’ expectations of $98.24 million. ARC Document Solutions had a negative net margin of 1.70% and a positive return on equity of 5.35%. The business’s quarterly revenue was down 3.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.07 EPS. sell-side analysts expect that ARC Document Solutions will post 0.13 earnings per share for the current year.

ILLEGAL ACTIVITY NOTICE: This story was first reported by American Banking News and is the sole property of of American Banking News. If you are reading this story on another site, it was copied illegally and reposted in violation of United States and international copyright & trademark law. The original version of this story can be viewed at https://www.americanbankingnews.com/2018/01/17/arc-document-solutions-inc-arc-receives-consensus-rating-of-hold-from-brokerages.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 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ARC Document Solutions and related companies with MarketBeat.com's FREE daily email newsletter.