Stifel Nicolaus Cuts Proficient Auto Logistics (NASDAQ:PAL) Price Target to $17.00

Proficient Auto Logistics (NASDAQ:PAL) had its price objective reduced by stock analysts at Stifel Nicolaus from $18.00 to $17.00 in a research report issued on Monday,Benzinga reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price target would suggest a potential upside of 114.65% from the company’s previous close.

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

Proficient Auto Logistics Trading Up 4.2 %

Proficient Auto Logistics stock traded up $0.32 during mid-day trading on Monday, hitting $7.92. The company had a trading volume of 31,825 shares, compared to its average volume of 282,484. Proficient Auto Logistics has a 12 month low of $6.81 and a 12 month high of $21.01. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.16. The stock’s 50 day moving average price is $9.53 and its two-hundred day moving average price is $9.80.

Hedge Funds Weigh In On Proficient Auto Logistics

Several hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC increased its holdings in shares of Proficient Auto Logistics by 136.9% in the third quarter. Geode Capital Management LLC now owns 347,752 shares of the company’s stock worth $4,932,000 after purchasing an additional 200,977 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Proficient Auto Logistics by 159,197.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 55,754 shares of the company’s stock worth $791,000 after acquiring an additional 55,719 shares during the last quarter. State Street Corp raised its holdings in shares of Proficient Auto Logistics by 199.0% during the 3rd quarter. State Street Corp now owns 157,551 shares of the company’s stock worth $2,234,000 after acquiring an additional 104,851 shares in the last quarter. Barclays PLC bought a new position in shares of Proficient Auto Logistics during the 3rd quarter valued at approximately $311,000. Finally, Rhumbline Advisers boosted its position 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 valued at $137,000 after acquiring an additional 1,238 shares during the last quarter.

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.