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ArcBest Corp Price Target Increased by Deutsche Bank, Analyst Ratings Mixed

Strategic Insights

— 1 min read

ArcBest Corp, a provider of freight transportation services and solutions, saw its price target increased by Deutsche Bank from $40.00 to $46.00 in a research report sent to investors on Thursday morning. The report, which also included updates on several other stocks, comes as ArcBest Corp continues to navigate the complex and competitive logistics industry. The company's stock has been trading up and down in recent weeks, and the latest analyst ratings and price targets are likely to be closely watched by investors.

Key Takeaways:

  • Deutsche Bank has increased its price target for ArcBest Corp from $40.00 to $46.00, representing a potential 15% increase in stock value.
  • The firm currently has a hold rating on the stock, with three analysts giving a buy rating and one giving a strong buy rating.
  • ArcBest Corp has a 1-year high of $47.52 and a 1-year low of $29.88, with a market cap of $1.060 billion and a P/E ratio of 26.08.
  • The company reported $0.74 EPS for the quarter, missing the consensus estimate of $0.77 by $0.03, although revenue of $711.30 million was up 14.1% on a year-over-year basis.
  • ArcBest Corp operates in five segments, including Freight Transportation, Premium Logistics and Expedited Freight Services, Truck Brokerage and Management, Emergency and Preventative Maintenance, and Household Goods Moving Services.
  • Analysts at Bank of America reiterated a neutral rating and set a $44.00 price target on shares of ArcBest Corp, up from $39.00.

Statistics:

  • Price target increased by Deutsche Bank: $40.00 to $46.00.
  • Average price target: $42.17.
  • Number of analysts with each rating: 3 buy, 3 hold, 1 strong buy.
  • Market cap: $1.060 billion.
  • P/E ratio: 26.08.
  • 1-year high: $47.52.
  • 1-year low: $29.88.
  • 50-day moving average: $44.00.
  • 200-day moving average: $39.50.
  • Revenue for the quarter: $711.30 million (up 14.1% on a year-over-year basis).
  • EPS for the quarter: $0.74 (missing the consensus estimate of $0.77 by $0.03).

Sources:

  • Deutsche Bank research report, Thursday morning.
  • Bank of America research note, Tuesday, November 4th.
  • ArcBest Corp quarterly earnings data, Monday, November 3rd.
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