Proficient Auto Logistics (NASDAQ:PAL) Given New $14.00 Price Target at Stifel Nicolaus

Proficient Auto Logistics (NASDAQ:PAL) had its target price trimmed by Stifel Nicolaus from $15.00 to $14.00 in a research report sent to investors on Thursday morning,Benzinga reports. The firm currently has a buy rating on the stock.

PAL has been the subject of several other research reports. Raymond James dropped their price objective on shares of Proficient Auto Logistics from $21.00 to $19.00 and set an “outperform” rating for the company in a research note on Monday, October 14th. Barrington Research dropped their price target on Proficient Auto Logistics from $17.00 to $15.00 and set an “outperform” rating for the company in a research note on Tuesday, November 12th.

Proficient Auto Logistics Trading Down 3.6 %

Proficient Auto Logistics stock opened at $10.03 on Thursday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.25 and a quick ratio of 1.25. Proficient Auto Logistics has a 52 week low of $7.24 and a 52 week high of $21.01. The stock has a fifty day moving average of $9.29 and a 200-day moving average of $13.40.

Proficient Auto Logistics (NASDAQ:PAL) last issued its earnings results on Friday, November 8th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.06 by $0.01. The business had revenue of $91.50 million for the quarter, compared to analyst estimates of $89.54 million. Proficient Auto Logistics’s revenue for the quarter was down 12.5% compared to the same quarter last year. Equities research analysts forecast that Proficient Auto Logistics will post 0.4 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Richard D. Odell bought 54,000 shares of the stock in a transaction that occurred on Thursday, November 14th. The stock was acquired at an average cost of $9.20 per share, with a total value of $496,800.00. Following the transaction, the chief executive officer now directly owns 753,802 shares in the company, valued at approximately $6,934,978.40. This trade represents a 7.72 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Proficient Auto Logistics

Institutional investors and hedge funds have recently made changes to their positions in the stock. SG Americas Securities LLC acquired a new position in shares of Proficient Auto Logistics in the third quarter worth approximately $104,000. MetLife Investment Management LLC bought a new position in Proficient Auto Logistics during the 3rd quarter worth approximately $129,000. Verition Fund Management LLC acquired a new position in shares of Proficient Auto Logistics in the 3rd quarter worth approximately $152,000. XTX Topco Ltd bought a new stake in shares of Proficient Auto Logistics in the 2nd quarter valued at $176,000. Finally, Nicholas Hoffman & Company LLC. acquired a new stake in shares of Proficient Auto Logistics during the third quarter worth $177,000.

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.