Brokerages Set Proficient Auto Logistics, Inc. (NASDAQ:PAL) Price Target at $10.00

Shares of Proficient Auto Logistics, Inc. (NASDAQ:PAL) have earned an average rating of “Hold” from the five ratings firms that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $10.00.

Several equities research analysts have recently weighed in on PAL shares. Wall Street Zen lowered Proficient Auto Logistics from a “hold” rating to a “sell” rating in a research note on Sunday, August 2nd. Zacks Research raised Proficient Auto Logistics from a “strong sell” rating to a “hold” rating in a research note on Friday, July 10th. Barrington Research set a $10.00 price target on Proficient Auto Logistics in a research report on Monday, May 11th. Finally, Weiss Ratings upgraded Proficient Auto Logistics from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, July 21st.

Proficient Auto Logistics Price Performance

Shares of Proficient Auto Logistics stock opened at $7.08 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.06 and a current ratio of 1.06. The firm’s 50-day simple moving average is $7.02 and its 200-day simple moving average is $7.16. Proficient Auto Logistics has a twelve month low of $4.85 and a twelve month high of $10.97. The firm has a market cap of $196.61 million, a P/E ratio of -5.32 and a beta of 1.25.

Insider Activity

In other Proficient Auto Logistics news, CEO Richard D. Odell sold 27,191 shares of the business’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $5.03, for a total value of $136,770.73. Following the transaction, the chief executive officer owned 936,908 shares of the company’s stock, valued at approximately $4,712,647.24. The trade was a 2.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 14.20% of the stock is owned by company insiders.

Institutional Trading of Proficient Auto Logistics

Hedge funds have recently modified their holdings of the stock. Diamond Hill Capital Management LLC Investment Advisor bought a new position in Proficient Auto Logistics in the second quarter valued at about $7,322,000. Royce & Associates LP acquired a new stake in Proficient Auto Logistics during the 4th quarter worth $5,835,000. Empowered Funds LLC grew its holdings in Proficient Auto Logistics by 1,237.9% during the 1st quarter. Empowered Funds LLC now owns 219,169 shares of the company’s stock worth $1,486,000 after acquiring an additional 202,788 shares during the period. 4D Advisors LLC acquired a new stake in Proficient Auto Logistics during the 4th quarter worth $1,928,000. Finally, Boston Partners raised its position in shares of Proficient Auto Logistics by 6.9% during the 3rd quarter. Boston Partners now owns 2,288,113 shares of the company’s stock valued at $15,763,000 after acquiring an additional 147,101 shares during the last quarter.

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.