ARC Document Solutions, Inc. (ARC) Cut to “Hold” at ValuEngine
ValuEngine lowered shares of ARC Document Solutions, Inc. (NYSE:ARC) from a buy rating to a hold rating in a research report report published on Thursday.
Other equities research analysts have also recently issued research reports about the company. B. Riley restated a buy rating and issued a $5.00 target price on shares of ARC Document Solutions in a research note on Tuesday, August 1st. TheStreet upgraded ARC Document Solutions from a d+ rating to a c rating in a research note on Tuesday, August 1st. FBR & Co cut ARC Document Solutions from a buy rating to a neutral rating and upped their price objective for the stock from $4.00 to $5.25 in a research note on Thursday. Finally, Raymond James Financial, Inc. upgraded ARC Document Solutions from an outperform rating to a strong-buy rating in a research note on Thursday, July 6th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of $4.63.
Shares of ARC Document Solutions (NYSE ARC) traded up $0.01 during trading on Thursday, reaching $2.83. The company had a trading volume of 101,254 shares, compared to its average volume of 266,780. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.45 and a current ratio of 1.73. The company has a market capitalization of $131.01, a P/E ratio of 14.84 and a beta of 2.52.
ARC Document Solutions (NYSE:ARC) last released its earnings results on Wednesday, November 1st. The business services provider reported $0.01 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.03). The firm had revenue of $96.50 million during the quarter, compared to the consensus estimate of $98.24 million. ARC Document Solutions had a negative net margin of 1.70% and a positive return on equity of 5.28%. The company’s revenue was down 3.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.07 EPS. research analysts anticipate that ARC Document Solutions will post 0.13 EPS for the current fiscal year.
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Several institutional investors have recently made changes to their positions in ARC. SG Americas Securities LLC bought a new stake in shares of ARC Document Solutions during the 1st quarter worth approximately $208,000. TIAA CREF Investment Management LLC raised its stake in ARC Document Solutions by 34.4% in the 1st quarter. TIAA CREF Investment Management LLC now owns 235,933 shares of the business services provider’s stock valued at $814,000 after acquiring an additional 60,377 shares during the period. Geode Capital Management LLC raised its stake in ARC Document Solutions by 2.8% in the 1st quarter. Geode Capital Management LLC now owns 305,065 shares of the business services provider’s stock valued at $1,052,000 after acquiring an additional 8,337 shares during the period. Dimensional Fund Advisors LP raised its stake in ARC Document Solutions by 2.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,122,625 shares of the business services provider’s stock valued at $7,323,000 after acquiring an additional 60,119 shares during the period. Finally, Renaissance Technologies LLC raised its stake in ARC Document Solutions by 6.2% in the 1st quarter. Renaissance Technologies LLC now owns 2,559,900 shares of the business services provider’s stock valued at $8,832,000 after acquiring an additional 150,500 shares during the period. Institutional investors own 70.44% of the company’s stock.
ARC Document Solutions Company Profile
ARC Document Solutions, Inc (ARC) is a document solutions provider for the architectural, engineering and construction (AEC) industry. The Company also provides document solutions to businesses of various types. ARC’s offerings include managed print services (MPS), offsite services, archive and information management (AIM), specialized color printing, Web-based document management applications, digital shipping/managed file transfer, and equipment and supplies sales.
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