Proficient Auto Logistics, Inc. (NASDAQ:PAL) Receives $10.00 Consensus Price Target from Analysts

Shares of Proficient Auto Logistics, Inc. (NASDAQ:PAL) have been given a consensus recommendation of “Hold” by the five analysts that are currently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $10.00.

Several equities analysts have weighed in on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Proficient Auto Logistics in a report on Wednesday, May 13th. Wall Street Zen raised shares of Proficient Auto Logistics from a “sell” rating to a “hold” rating in a report on Saturday, July 4th. Zacks Research lowered shares of Proficient Auto Logistics from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 7th. Finally, Barrington Research set a $10.00 price objective on shares of Proficient Auto Logistics in a research note on Monday, May 11th.

Proficient Auto Logistics Trading Up 4.7%

Shares of PAL stock opened at $6.97 on Wednesday. The stock has a market cap of $193.56 million, a P/E ratio of -5.24 and a beta of 1.27. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.16. Proficient Auto Logistics has a fifty-two week low of $4.85 and a fifty-two week high of $10.97. The business has a fifty day simple moving average of $6.51 and a 200-day simple moving average of $7.56.

Insiders Place Their Bets

In other news, CEO Richard D. Odell sold 33,743 shares of the business’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $5.08, for a total value of $171,414.44. Following the completion of the transaction, the chief executive officer directly owned 964,099 shares of the company’s stock, valued at $4,897,622.92. The trade was a 3.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 14.20% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Brightlight Capital Management LP acquired a new stake in shares of Proficient Auto Logistics during the 3rd quarter worth about $1,999,000. Royce & Associates LP purchased a new position in Proficient Auto Logistics during the fourth quarter worth about $5,835,000. 4D Advisors LLC acquired a new stake in Proficient Auto Logistics in the 4th quarter worth about $1,928,000. Alliancebernstein L.P. grew its holdings in Proficient Auto Logistics by 15.0% in the 3rd quarter. Alliancebernstein L.P. now owns 13,800 shares of the company’s stock valued at $95,000 after buying an additional 1,800 shares during the period. Finally, Jones Financial Companies Lllp purchased a new stake in Proficient Auto Logistics in the 1st quarter valued at about $73,000.

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