Barrington Research Reiterates Outperform Rating for Proficient Auto Logistics (NASDAQ:PAL)

Proficient Auto Logistics (NASDAQ:PAL)‘s stock had its “outperform” rating reiterated by stock analysts at Barrington Research in a research note issued on Tuesday,Benzinga reports. They presently have a $12.00 price objective on the stock. Barrington Research’s price objective would indicate a potential upside of 60.21% from the company’s current price.

Separately, Stifel Nicolaus decreased their price target on shares of Proficient Auto Logistics from $12.00 to $10.00 and set a “buy” rating for the company in a research note on Tuesday. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $11.00.

Proficient Auto Logistics Trading Down 0.4%

Shares of Proficient Auto Logistics stock opened at $7.49 on Tuesday. The stock has a market capitalization of $208.45 million, a PE ratio of -6.14, a price-to-earnings-growth ratio of 2.33 and a beta of 2.44. Proficient Auto Logistics has a 52 week low of $5.76 and a 52 week high of $10.97. The stock has a 50 day moving average price of $9.14 and a two-hundred day moving average price of $8.17. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.14 and a current ratio of 1.14.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PAL. BNP Paribas Financial Markets increased its stake in Proficient Auto Logistics by 77.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 4,517 shares of the company’s stock valued at $31,000 after buying an additional 1,975 shares during the last quarter. FNY Investment Advisers LLC grew its holdings in shares of Proficient Auto Logistics by 44.6% in the third quarter. FNY Investment Advisers LLC now owns 5,800 shares of the company’s stock valued at $39,000 after acquiring an additional 1,789 shares in the last quarter. Jones Financial Companies Lllp purchased a new stake in shares of Proficient Auto Logistics during the first quarter valued at approximately $73,000. Alliancebernstein L.P. increased its position in shares of Proficient Auto Logistics by 15.0% during the third quarter. Alliancebernstein L.P. now owns 13,800 shares of the company’s stock valued at $95,000 after acquiring an additional 1,800 shares during the last quarter. Finally, Odyssean LLC bought a new stake in Proficient Auto Logistics during the fourth quarter worth $98,000.

Proficient Auto Logistics Company Profile

Proficient Auto Logistics, Inc focuses on providing auto transportation and logistics services in North America. It primarily focuses on transporting and delivering finished vehicles from automotive production facilities, ports of entry, and rail yards to a network of automotive dealerships. The company operates approximately 1,130 auto transport vehicles and trailers, including 615 company-owned transport vehicles and trailers. It serves auto companies, electric vehicle producers, auto dealers, auto auctions, rental car companies, and auto leasing companies.