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

Proficient Auto Logistics (NASDAQ:PAL)‘s stock had its “outperform” rating reiterated by Barrington Research in a note issued to investors on Tuesday,Benzinga reports. They presently have a $12.00 price objective on the stock. Barrington Research’s target price would suggest a potential upside of 59.57% from the stock’s current price.

Separately, Stifel Nicolaus cut their price objective on shares of Proficient Auto Logistics from $12.00 to $10.00 and set a “buy” rating for the company in a research report on Tuesday. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $11.00.

Proficient Auto Logistics Stock Performance

NASDAQ PAL traded down $0.28 on Tuesday, hitting $7.52. 284,746 shares of the stock were exchanged, compared to its average volume of 260,228. Proficient Auto Logistics has a 52 week low of $5.76 and a 52 week high of $10.97. The company has a market capitalization of $209.28 million, a PE ratio of -6.16, a P/E/G ratio of 2.35 and a beta of 2.45. The business’s fifty day moving average is $9.24 and its 200 day moving average is $8.17. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.14 and a quick ratio of 1.14.

Hedge Funds Weigh In On Proficient Auto Logistics

A number of hedge funds have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Proficient Auto Logistics by 44.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,506 shares of the company’s stock valued at $105,000 after purchasing an additional 3,866 shares during the period. Millennium Management LLC boosted its holdings in shares of Proficient Auto Logistics by 5.9% in the first quarter. Millennium Management LLC now owns 634,277 shares of the company’s stock worth $5,309,000 after acquiring an additional 35,335 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in shares of Proficient Auto Logistics in the first quarter worth $215,000. Jones Financial Companies Lllp purchased a new position in shares of Proficient Auto Logistics in the first quarter valued at $73,000. Finally, Goldman Sachs Group Inc. raised its stake in shares of Proficient Auto Logistics by 138.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 105,585 shares of the company’s stock valued at $884,000 after purchasing an additional 61,272 shares during the period.

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.