Proficient Auto Logistics (NASDAQ:PAL) Given New $21.00 Price Target at Raymond James

Proficient Auto Logistics (NASDAQ:PAL) had its price target upped by equities researchers at Raymond James from $18.00 to $21.00 in a report issued on Monday, Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Raymond James’ target price indicates a potential upside of 8.70% from the company’s current price.

PAL has been the subject of a number of other reports. Stifel Nicolaus started coverage on shares of Proficient Auto Logistics in a research note on Monday, June 3rd. They issued a “buy” rating and a $19.00 price objective for the company. Barrington Research assumed coverage on shares of Proficient Auto Logistics in a research report on Wednesday, July 17th. They issued an “outperform” rating and a $22.00 price target for the company. Finally, William Blair assumed coverage on shares of Proficient Auto Logistics in a report on Monday, June 3rd. They set an “outperform” rating on the stock.

Proficient Auto Logistics Stock Up 2.9 %

NASDAQ PAL traded up $0.55 on Monday, hitting $19.32. 46,353 shares of the stock were exchanged, compared to its average volume of 204,915. Proficient Auto Logistics has a 52-week low of $14.50 and a 52-week high of $21.01. The business has a fifty day moving average price of $17.15.

Proficient Auto Logistics (NASDAQ:PAL) last announced its quarterly earnings data on Thursday, June 20th. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.19 by ($0.30). The business had revenue of $95.60 million during the quarter, compared to the consensus estimate of $88.91 million. The business’s quarterly revenue was down 6.5% on a year-over-year basis. Equities research analysts anticipate that Proficient Auto Logistics will post 0.81 EPS for the current year.

Institutional Investors Weigh In On Proficient Auto Logistics

Several institutional investors have recently bought and sold shares of PAL. Blair William & Co. IL acquired a new stake in Proficient Auto Logistics in the second quarter worth about $660,000. Federated Hermes Inc. acquired a new stake in Proficient Auto Logistics in the 2nd quarter worth approximately $257,000. First Eagle Investment Management LLC purchased a new stake in Proficient Auto Logistics during the 2nd quarter worth approximately $1,867,000. American Century Companies Inc. acquired a new position in Proficient Auto Logistics during the 2nd quarter valued at approximately $20,687,000. Finally, Emerald Advisers LLC purchased a new position in shares of Proficient Auto Logistics in the second quarter worth $1,172,000.

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.