Proficient Auto Logistics (NASDAQ:PAL) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Proficient Auto Logistics (NASDAQ:PAL) had its target price increased by Stifel Nicolaus from $17.00 to $18.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ target price would suggest a potential upside of 131.07% from the company’s current price.

Separately, Barrington Research reaffirmed an “outperform” rating and set a $15.00 price target on shares of Proficient Auto Logistics in a report on Wednesday, February 12th.

Proficient Auto Logistics Stock Down 13.9 %

PAL traded down $1.26 on Thursday, hitting $7.79. 98,355 shares of the company traded hands, compared to its average volume of 280,827. Proficient Auto Logistics has a 12-month low of $7.24 and a 12-month high of $21.01. The company has a 50 day moving average of $9.92 and a 200-day moving average of $10.36. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.16.

Hedge Funds Weigh In On Proficient Auto Logistics

Large investors have recently modified their holdings of the business. Rhumbline Advisers grew its stake in shares of Proficient Auto Logistics by 7.9% during the 4th quarter. Rhumbline Advisers now owns 16,971 shares of the company’s stock worth $137,000 after purchasing an additional 1,238 shares during the period. Wells Fargo & Company MN boosted its holdings in Proficient Auto Logistics by 37.9% during the fourth quarter. Wells Fargo & Company MN now owns 8,640 shares of the company’s stock worth $70,000 after buying an additional 2,373 shares in the last quarter. Nicholas Hoffman & Company LLC. grew its position in Proficient Auto Logistics by 20.0% during the fourth quarter. Nicholas Hoffman & Company LLC. now owns 15,000 shares of the company’s stock worth $121,000 after buying an additional 2,500 shares during the period. Bank of New York Mellon Corp increased its holdings in Proficient Auto Logistics by 10.8% in the fourth quarter. Bank of New York Mellon Corp now owns 33,684 shares of the company’s stock valued at $272,000 after buying an additional 3,287 shares in the last quarter. Finally, Barclays PLC lifted its position in shares of Proficient Auto Logistics by 15.3% during the 4th quarter. Barclays PLC now owns 25,324 shares of the company’s stock valued at $204,000 after acquiring an additional 3,365 shares during the period.

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.