Proficient Auto Logistics (NASDAQ:PAL) Stock Rating Reaffirmed by Barrington Research

Proficient Auto Logistics (NASDAQ:PAL)‘s stock had its “outperform” rating reaffirmed by stock analysts at Barrington Research in a research report issued to clients and investors on Friday, Benzinga reports. They currently have a $22.00 target price on the stock. Barrington Research’s target price suggests a potential upside of 33.82% from the stock’s previous close.

Several other analysts also recently weighed in on the company. William Blair initiated coverage on Proficient Auto Logistics in a research report on Monday, June 3rd. They issued an “outperform” rating for the company. Stifel Nicolaus initiated coverage on Proficient Auto Logistics in a research report on Monday, June 3rd. They issued a “buy” rating and a $19.00 price objective for the company. Finally, Raymond James boosted their price objective on Proficient Auto Logistics from $18.00 to $21.00 and gave the company an “outperform” rating in a research report on Monday, August 12th.

Proficient Auto Logistics Stock Down 4.9 %

NASDAQ:PAL opened at $16.44 on Friday. The stock has a 50 day moving average price of $18.57. Proficient Auto Logistics has a 1-year low of $14.50 and a 1-year high of $21.01.

Proficient Auto Logistics (NASDAQ:PAL) last released its earnings results on Friday, August 9th. The company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.08. The firm had revenue of $106.61 million during the quarter, compared to the consensus estimate of $101.69 million. The business’s revenue for the quarter was up 5.8% on a year-over-year basis. On average, equities analysts forecast that Proficient Auto Logistics will post 0.84 EPS for the current fiscal year.

Insider Activity at Proficient Auto Logistics

In other Proficient Auto Logistics news, Director James B. Gattoni bought 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The stock was bought at an average price of $18.98 per share, for a total transaction of $379,600.00. Following the completion of the acquisition, the director now directly owns 20,000 shares in the company, valued at $379,600. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Proficient Auto Logistics

A number of hedge funds and other institutional investors have recently made changes to their positions in PAL. XTX Topco Ltd purchased a new stake in Proficient Auto Logistics in the second quarter worth $176,000. Federated Hermes Inc. purchased a new stake in Proficient Auto Logistics in the second quarter worth $257,000. Blair William & Co. IL purchased a new stake in Proficient Auto Logistics in the second quarter worth $660,000. Marshall Wace LLP purchased a new stake in Proficient Auto Logistics in the second quarter worth $1,082,000. Finally, Emerald Advisers LLC purchased a new stake in shares of Proficient Auto Logistics in the second quarter worth $1,172,000.

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.