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

Barrington Research reiterated their outperform rating on shares of Proficient Auto Logistics (NASDAQ:PAL) in a report published on Tuesday,Benzinga reports. They currently have a $12.00 price objective on the stock.

Separately, Stifel Nicolaus dropped their target price 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 given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $11.00.

Proficient Auto Logistics Stock Performance

Proficient Auto Logistics stock opened at $7.52 on Tuesday. The firm has a market capitalization of $209.28 million, a P/E ratio of -6.16, a P/E/G ratio of 2.42 and a beta of 2.44. The stock has a fifty day moving average price of $9.19 and a two-hundred day moving average price of $8.17. Proficient Auto Logistics has a 52-week low of $5.76 and a 52-week high of $10.97. 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 Trading of Proficient Auto Logistics

Several hedge funds have recently modified their holdings of PAL. BNP Paribas Financial Markets boosted its position 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. FNY Investment Advisers LLC raised its position in shares of Proficient Auto Logistics by 44.6% during the third quarter. FNY Investment Advisers LLC now owns 5,800 shares of the company’s stock worth $39,000 after acquiring an additional 1,789 shares during the last quarter. Jones Financial Companies Lllp bought a new stake in shares of Proficient Auto Logistics during the first quarter worth $73,000. Odyssean LLC acquired a new position in shares of Proficient Auto Logistics during the fourth quarter valued at $98,000. Finally, Invesco Ltd. bought a new position in Proficient Auto Logistics in the fourth quarter valued at about $101,000.

About Proficient Auto Logistics

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.