Stifel Nicolaus Issues Pessimistic Forecast for Proficient Auto Logistics (NASDAQ:PAL) Stock Price

Key Points

• Stifel Nicolaus lowered its price target on Proficient Auto Logistics from $10 to $9 but maintained a Buy rating; the target implies 194% upside from the prior close.
• Analyst views are divided: two rate PAL Buy and two Sell, leaving the consensus at Hold with an average $10 price target.
• PAL shares opened at $3.06 after falling 3.5%, and the company reported a quarterly loss of $0.35 per share, missing estimates of $0.06, while revenue also came in below expectations.

Proficient Auto Logistics (NASDAQ:PAL - Get Free Report) had its price objective lowered by research analysts at Stifel Nicolaus from $10.00 to $9.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm currently has a "buy" rating on the stock. Stifel Nicolaus's price target points to a potential upside of 194.12% from the stock's previous close.

PAL has been the subject of a number of other reports. Zacks Research lowered Proficient Auto Logistics from a "hold" rating to a "strong sell" rating in a research report on Monday, October 12th. 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 downgraded Proficient Auto Logistics from a "sell (d-)" rating to a "sell (e+)" rating in a research report on Tuesday. Barrington Research set a $12.00 price objective on Proficient Auto Logistics in a research note on Tuesday, August 11th. Finally, Raymond James Financial set a $9.00 target price on Proficient Auto Logistics in a report on Thursday, October 15th. Two investment analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Proficient Auto Logistics presently has an average rating of "Hold" and an average price target of $10.00.

Proficient Auto Logistics Stock Down 3.5%

Shares of NASDAQ PAL opened at $3.06 on Friday. Proficient Auto Logistics has a 12-month low of $2.35 and a 12-month high of $10.97. The stock has a market cap of $85.83 million, a PE ratio of -2.17 and a beta of 1.44. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.17. The company has a 50-day moving average of $3.56 and a 200 day moving average of $6.03.

Proficient Auto Logistics (NASDAQ:PAL - Get Free Report) last released 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 return on equity of 0.49% and a negative net margin of 9.24%. The business had revenue of $148.97 million during the quarter, compared to analysts' expectations of $155.03 million. As a group, sell-side analysts predict that Proficient Auto Logistics will post -0.18 EPS for the current fiscal year.

Institutional Trading of Proficient Auto Logistics

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in shares of Proficient Auto Logistics during the 2nd quarter valued at approximately $11,013,000. Royce & Associates LP grew its position in Proficient Auto Logistics by 31.9% in the third quarter. Royce & Associates LP now owns 1,419,584 shares of the company's stock worth $4,954,000 after acquiring an additional 343,616 shares during the period. Diamond Hill Capital Management LLC Investment Advisor purchased a new position in Proficient Auto Logistics in the second quarter worth approximately $7,322,000. De Lisle Partners LLP acquired a new stake in Proficient Auto Logistics during the second quarter worth $3,914,000. Finally, VELA Investment Management LLC increased its stake in Proficient Auto Logistics by 23.8% during 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 last quarter.

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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