Proficient Auto Logistics, Inc. (NASDAQ:PAL) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Proficient Auto Logistics, Inc. (NASDAQ:PAL) have earned a consensus rating of “Hold” from the five ratings firms that are presently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, one has given a hold recommendation and two have given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $12.00.

Several analysts have issued reports on the company. Stifel Nicolaus lifted their price target on Proficient Auto Logistics from $9.00 to $12.00 and gave the company a “buy” rating in a research note on Tuesday, August 11th. Wall Street Zen upgraded Proficient Auto Logistics from a “sell” rating to a “hold” rating in a report on Saturday, August 15th. Barrington Research set a $12.00 price objective on Proficient Auto Logistics in a research report on Tuesday, August 11th. Weiss Ratings upgraded Proficient Auto Logistics from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, August 25th. Finally, Zacks Research lowered Proficient Auto Logistics from a “hold” rating to a “strong sell” rating in a research report on Monday, August 10th.

Proficient Auto Logistics Trading Down 1.8%

PAL opened at $5.04 on Thursday. The stock has a market capitalization of $141.37 million, a P/E ratio of -3.57 and a beta of 1.25. Proficient Auto Logistics has a 12 month low of $4.85 and a 12 month high of $10.97. The firm’s fifty day simple moving average is $6.48 and its 200 day simple moving average is $6.63. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.17.

Insider Activity

In other Proficient Auto Logistics news, Director Rohit Lal acquired 10,000 shares of the business’s stock in a transaction dated Friday, August 14th. The shares were acquired at an average price of $5.53 per share, with a total value of $55,300.00. Following the completion of the transaction, the director directly owned 71,903 shares in the company, valued at $397,623.59. This trade represents a 16.15% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have purchased 54,995 shares of company stock valued at $300,222 in the last 90 days. 14.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets increased its stake in Proficient Auto Logistics by 77.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 4,517 shares of the company’s stock valued at $31,000 after buying an additional 1,975 shares during the last quarter. Persistent Asset Partners Ltd bought a new stake in Proficient Auto Logistics during the 2nd quarter worth about $49,000. Jones Financial Companies Lllp bought a new stake in Proficient Auto Logistics during the 1st quarter worth about $73,000. Alliancebernstein L.P. boosted its stake in shares of Proficient Auto Logistics by 15.0% during the 3rd quarter. Alliancebernstein L.P. now owns 13,800 shares of the company’s stock worth $95,000 after buying an additional 1,800 shares during the last quarter. Finally, Odyssean LLC acquired a new position in shares of Proficient Auto Logistics during the 4th quarter worth about $98,000.

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.