Morgan Stanley set a $36.00 target price on ArcBest (NASDAQ:ARCB) in a research report released on Monday morning, Stock Target Advisor reports. The brokerage currently has a hold rating on the transportation company’s stock.

A number of other equities research analysts also recently issued reports on the stock. BidaskClub raised shares of Zynerba Pharmaceuticals from a hold rating to a buy rating in a research report on Thursday, June 20th. Cowen reissued an outperform rating and set a $28.00 price objective (down previously from $30.00) on shares of Pure Storage in a research report on Wednesday, May 22nd. Bank of America reissued a buy rating and set a $48.00 price objective (up previously from $40.00) on shares of Synovus Financial in a research report on Tuesday, March 12th. Wolfe Research downgraded shares of Restoration Hardware from an outperform rating to a market perform rating in a research report on Monday, April 1st. Finally, TheStreet raised shares of BlackRock TCP Capital from a c+ rating to a b rating in a research report on Tuesday, May 28th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of $37.67.

Shares of ARCB stock opened at $25.69 on Monday. ArcBest has a 1 year low of $24.68 and a 1 year high of $51.45. The company’s fifty day simple moving average is $26.45. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.40 and a current ratio of 1.40. The company has a market cap of $646.25 million, a P/E ratio of 6.77 and a beta of 2.09.

ArcBest (NASDAQ:ARCB) last issued its quarterly earnings data on Thursday, May 2nd. The transportation company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.13). ArcBest had a net margin of 2.00% and a return on equity of 14.19%. The business had revenue of $711.84 million for the quarter, compared to the consensus estimate of $724.33 million. During the same period in the previous year, the firm earned $0.29 EPS. The company’s revenue was up 1.7% on a year-over-year basis. As a group, sell-side analysts expect that ArcBest will post 3.3 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Pearl River Capital LLC purchased a new position in shares of ArcBest during the 1st quarter valued at $68,000. PNC Financial Services Group Inc. lifted its stake in shares of ArcBest by 13.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,163 shares of the transportation company’s stock valued at $107,000 after buying an additional 375 shares in the last quarter. Neuburgh Advisers LLC lifted its stake in shares of ArcBest by 15.1% during the 4th quarter. Neuburgh Advisers LLC now owns 3,520 shares of the transportation company’s stock valued at $121,000 after buying an additional 462 shares in the last quarter. NumerixS Investment Technologies Inc purchased a new position in shares of ArcBest during the 1st quarter valued at $122,000. Finally, Flinton Capital Management LLC lifted its stake in shares of ArcBest by 15.1% during the 4th quarter. Flinton Capital Management LLC now owns 5,440 shares of the transportation company’s stock valued at $186,000 after buying an additional 714 shares in the last quarter. Institutional investors own 98.77% of the company’s stock.

About ArcBest

ArcBest Corporation provides freight transportation services and integrated logistics solutions worldwide. It operates through three segments: Asset-Based, ArcBest, and FleetNet. The Asset-Based segment transports general commodities, such as food, textiles, apparel, furniture, appliances, chemicals, nonbulk petroleum products, rubber, plastics, metal and metal products, wood, glass, automotive parts, machinery, and miscellaneous manufactured products through less-than-truckload services.

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Analyst Recommendations for ArcBest (NASDAQ:ARCB)

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