Proficient Auto Logistics (NASDAQ:PAL) Stock Gets Price Target Cut from Barrington Research

Key Points

• Barrington Research cut its price target on Proficient Auto Logistics from $12 to $9 but maintained an “outperform” rating; the new target implies 259% upside from the reported $2.50 share price.
• Analyst views are mixed: MarketBeat reports a consensus “Hold” rating and $9 average target, with two Buy and two Sell ratings.
• The company missed quarterly estimates, reporting a loss of $0.35 per share versus expectations for $0.06 in earnings, and revenue of $148.97 million versus an estimated $155.03 million.

Proficient Auto Logistics (NASDAQ:PAL - Get Free Report) had its price objective lowered by equities researchers at Barrington Research from $12.00 to $9.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm currently has an "outperform" rating on the stock. Barrington Research's target price would suggest a potential upside of 259.28% from the company's current price.

Several other analysts also recently weighed in on the company. Wall Street Zen upgraded Proficient Auto Logistics from a "sell" rating to a "hold" rating in a research report on Saturday, August 15th. Weiss Ratings cut Proficient Auto Logistics from a "sell (d-)" rating to a "sell (e+)" rating in a research report on Tuesday. Raymond James Financial set a $9.00 target price on Proficient Auto Logistics in a research note on Thursday, October 15th. Zacks Research cut shares of Proficient Auto Logistics from a "hold" rating to a "strong sell" rating in a report on Monday, October 12th. Finally, Stifel Nicolaus reduced their price target on shares of Proficient Auto Logistics from $10.00 to $9.00 and set a "buy" rating on the stock in a research note on Friday. Two research analysts have rated the stock with a Buy rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Proficient Auto Logistics currently has an average rating of "Hold" and a consensus target price of $9.00.

Proficient Auto Logistics Price Performance

PAL traded down $0.56 during trading on Friday, hitting $2.50. 914,671 shares of the stock traded hands, compared to its average volume of 460,868. Proficient Auto Logistics has a twelve month low of $2.35 and a twelve month high of $10.97. The company has a market cap of $70.27 million, a price-to-earnings ratio of -1.78 and a beta of 1.44. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.18 and a quick ratio of 1.18. The business has a 50 day moving average price of $3.56 and a 200 day moving average price of $6.03.

Proficient Auto Logistics (NASDAQ:PAL - Get Free Report) last issued its earnings results on Thursday, November 12th. The company reported ($0.35) earnings per share for the quarter, missing analysts' consensus estimates of $0.06 by ($0.41). Proficient Auto Logistics had a negative net margin of 9.24% and a negative return on equity of 0.49%. The business had revenue of $148.97 million during the quarter, compared to analyst estimates of $155.03 million. Equities research analysts forecast that Proficient Auto Logistics will post -0.18 earnings per share for the current fiscal year.

Institutional Trading of Proficient Auto Logistics

Several institutional investors have recently modified their holdings of PAL. BlackRock Inc. acquired a new stake in shares of Proficient Auto Logistics in the second quarter valued at about $11,013,000. Empowered Funds LLC raised its position in shares of Proficient Auto Logistics by 1,237.9% during the first quarter. Empowered Funds LLC now owns 219,169 shares of the company's stock worth $1,486,000 after acquiring an additional 202,788 shares during the last quarter. VELA Investment Management LLC lifted its stake in shares of Proficient Auto Logistics by 23.8% in the second quarter. VELA Investment Management LLC now owns 510,840 shares of the company's stock worth $3,479,000 after acquiring an additional 98,235 shares during the period. Diamond Hill Capital Management LLC Investment Advisor bought a new stake in Proficient Auto Logistics in the second quarter valued at approximately $7,322,000. Finally, CM Wealth Advisors LLC bought a new stake in Proficient Auto Logistics in the second quarter valued at approximately $729,000.

About Proficient Auto Logistics

Proficient Auto Logistics is a vehicle transportation and logistics company that moves finished automobiles for manufacturers, dealerships, rental car companies and other customers. Its services include hauling vehicles on specialized car-carrier trucks and coordinating transportation through logistics operations. The company serves customers across the United States, combining regional auto-transport businesses into a broader network. Proficient Auto Logistics began operating as a public company in 2024 following a business combination with FAST Acquisition Corp. and the consolidation of several auto-transport companies.

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