Proficient Auto Logistics (NASDAQ:PAL) Earns Outperform Rating from Barrington Research

Proficient Auto Logistics (NASDAQ:PAL)‘s stock had its “outperform” rating reissued by analysts at Barrington Research in a report issued on Wednesday,Benzinga reports. They currently have a $12.00 target price on the stock. Barrington Research’s price objective points to a potential upside of 41.84% from the stock’s current price.

Several other analysts also recently weighed in on the stock. William Blair downgraded shares of Proficient Auto Logistics from an “outperform” rating to a “market perform” rating in a research report on Friday, September 12th. Weiss Ratings restated a “sell (e+)” rating on shares of Proficient Auto Logistics in a research note on Wednesday, October 8th. Finally, Stifel Nicolaus set a $13.00 target price on shares of Proficient Auto Logistics in a research note on Tuesday, August 12th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $12.50.

Proficient Auto Logistics Stock Performance

Shares of PAL stock traded up $1.88 during mid-day trading on Wednesday, reaching $8.46. 954,601 shares of the company’s stock traded hands, compared to its average volume of 239,269. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.16 and a current ratio of 1.16. Proficient Auto Logistics has a 12 month low of $5.76 and a 12 month high of $11.37. The firm has a 50 day moving average price of $6.83 and a two-hundred day moving average price of $7.31. The firm has a market capitalization of $235.10 million, a PE ratio of 282.00, a price-to-earnings-growth ratio of 9.92 and a beta of 2.53.

Institutional Trading of Proficient Auto Logistics

Institutional investors have recently added to or reduced their stakes in the stock. Boston Partners boosted its position in shares of Proficient Auto Logistics by 47.9% during the second quarter. Boston Partners now owns 2,141,012 shares of the company’s stock valued at $15,540,000 after buying an additional 693,225 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Proficient Auto Logistics by 18.2% during the second quarter. American Century Companies Inc. now owns 1,795,883 shares of the company’s stock valued at $13,038,000 after purchasing an additional 276,269 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Proficient Auto Logistics by 7.9% in the third quarter. Vanguard Group Inc. now owns 1,135,623 shares of the company’s stock worth $7,824,000 after buying an additional 83,148 shares during the last quarter. Diamond Hill Capital Management Inc. boosted its holdings in Proficient Auto Logistics by 26.5% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 843,499 shares of the company’s stock worth $5,812,000 after buying an additional 176,880 shares during the period. Finally, Russell Investments Group Ltd. lifted its stake in Proficient Auto Logistics by 137.9% in the 1st quarter. Russell Investments Group Ltd. now owns 701,513 shares of the company’s stock worth $5,872,000 after purchasing an additional 406,614 shares in the last quarter.

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.