Stifel Nicolaus Cuts Proficient Auto Logistics (NASDAQ:PAL) Price Target to $10.00

Proficient Auto Logistics (NASDAQ:PAL) had its price objective reduced by Stifel Nicolaus from $12.00 to $10.00 in a research note released on Tuesday morning,Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

Separately, Barrington Research reissued an “outperform” rating and set a $12.00 price target on shares of Proficient Auto Logistics in a research report on Tuesday, February 10th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $11.00.

Proficient Auto Logistics Trading Down 6.0%

Shares of NASDAQ PAL opened at $7.04 on Tuesday. Proficient Auto Logistics has a 1-year low of $5.76 and a 1-year high of $10.97. The business has a fifty day moving average price of $9.08 and a 200 day moving average price of $8.16. The stock has a market capitalization of $195.92 million, a P/E ratio of -5.77, a price-to-earnings-growth ratio of 2.32 and a beta of 2.44. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.14 and a quick ratio of 1.14.

Institutional Investors Weigh In On Proficient Auto Logistics

A number of large investors have recently modified their holdings of PAL. Invesco Ltd. acquired a new position in shares of Proficient Auto Logistics during the fourth quarter valued at about $101,000. Empowered Funds LLC purchased a new stake in Proficient Auto Logistics during the 4th quarter worth approximately $158,000. Odyssean LLC acquired a new position in Proficient Auto Logistics during the 4th quarter valued at approximately $98,000. Engineers Gate Manager LP purchased a new position in shares of Proficient Auto Logistics in the fourth quarter worth $140,000. Finally, Bridgeway Capital Management LLC raised its holdings in shares of Proficient Auto Logistics by 275.3% in the fourth quarter. Bridgeway Capital Management LLC now owns 97,581 shares of the company’s stock worth $941,000 after buying an additional 71,581 shares during the last quarter.

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. It serves auto companies, electric vehicle producers, auto dealers, auto auctions, rental car companies, and auto leasing companies.