Stifel Nicolaus Lowers Proficient Auto Logistics (NASDAQ:PAL) Price Target to $14.00

Proficient Auto Logistics (NASDAQ:PAL) had its price objective reduced by Stifel Nicolaus from $15.00 to $14.00 in a research report sent to investors on Thursday,Benzinga reports. They currently have a buy rating on the stock.

A number of other research analysts also recently weighed in on the company. Barrington Research dropped their price target on Proficient Auto Logistics from $17.00 to $15.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 12th. Raymond James decreased their price objective on Proficient Auto Logistics from $21.00 to $19.00 and set an “outperform” rating for the company in a report on Monday, October 14th.

Proficient Auto Logistics Price Performance

Proficient Auto Logistics stock opened at $10.03 on Thursday. The stock’s 50 day moving average price is $9.29 and its two-hundred day moving average price is $13.40. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.25 and a current ratio of 1.25. Proficient Auto Logistics has a 52-week low of $7.24 and a 52-week high of $21.01.

Proficient Auto Logistics (NASDAQ:PAL) last posted its quarterly earnings results on Friday, November 8th. The company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.01. The company had revenue of $91.50 million during the quarter, compared to analyst estimates of $89.54 million. The business’s revenue for the quarter was down 12.5% compared to the same quarter last year. As a group, equities analysts forecast that Proficient Auto Logistics will post 0.4 EPS for the current year.

Insider Buying and Selling at Proficient Auto Logistics

In related news, CEO Richard D. Odell purchased 54,000 shares of the stock in a transaction that occurred on Thursday, November 14th. The stock was acquired at an average cost of $9.20 per share, with a total value of $496,800.00. Following the transaction, the chief executive officer now owns 753,802 shares of the company’s stock, valued at $6,934,978.40. This represents a 7.72 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.00% of the company’s stock.

Institutional Trading of Proficient Auto Logistics

Several institutional investors have recently made changes to their positions in the company. Blair William & Co. IL purchased a new position in Proficient Auto Logistics during the second quarter worth about $660,000. XTX Topco Ltd bought a new position in shares of Proficient Auto Logistics during the 2nd quarter worth approximately $176,000. Sei Investments Co. purchased a new position in shares of Proficient Auto Logistics in the 2nd quarter worth approximately $3,084,000. Marshall Wace LLP bought a new position in shares of Proficient Auto Logistics in the second quarter valued at approximately $1,082,000. Finally, Millennium Management LLC purchased a new stake in shares of Proficient Auto Logistics during the second quarter valued at approximately $14,446,000.

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.