Proficient Auto Logistics (NASDAQ:PAL) Hits New 12-Month High at $19.51

Proficient Auto Logistics, Inc. (NASDAQ:PAL)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $19.51 and last traded at $19.50, with a volume of 368922 shares traded. The stock had previously closed at $18.19.

Analyst Ratings Changes

Several brokerages have weighed in on PAL. William Blair assumed coverage on Proficient Auto Logistics in a report on Monday, June 3rd. They issued an “outperform” rating for the company. Stifel Nicolaus started coverage on shares of Proficient Auto Logistics in a research report on Monday, June 3rd. They set a “buy” rating and a $19.00 price objective for the company. Raymond James began coverage on shares of Proficient Auto Logistics in a research note on Monday, June 3rd. They set an “outperform” rating and a $18.00 price objective on the stock. Finally, Barrington Research began coverage on shares of Proficient Auto Logistics in a research report on Wednesday, July 17th. They issued an “outperform” rating and a $22.00 target price for the company.

Proficient Auto Logistics Trading Up 2.0 %

The company’s 50 day moving average is $16.28.

Proficient Auto Logistics (NASDAQ:PAL) last posted its earnings results on Thursday, June 20th. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.19 by ($0.30). The company had revenue of $95.60 million for the quarter, compared to analyst estimates of $88.91 million. The business’s quarterly revenue was down 6.5% compared to the same quarter last year. On average, equities research analysts forecast that Proficient Auto Logistics, Inc. will post 0.81 EPS for the current year.

About Proficient Auto Logistics

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.