Proficient Auto Logistics (NASDAQ:PAL) Price Target Raised to $18.00

Proficient Auto Logistics (NASDAQ:PAL - Get Free Report) had its target price upped by investment analysts at Stifel Nicolaus from $17.00 to $18.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. Stifel Nicolaus' price objective would indicate a potential upside of 160.49% from the company's previous close.

Separately, Barrington Research reaffirmed 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 Stock Down 9.1 %

NASDAQ PAL traded down $0.69 during trading hours on Thursday, hitting $6.91. 106,356 shares of the company's stock traded hands, compared to its average volume of 282,058. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.25 and a current ratio of 1.25. Proficient Auto Logistics has a 52 week low of $6.81 and a 52 week high of $21.01. The business's fifty day moving average price is $9.76 and its two-hundred day moving average price is $10.12.

Institutional Trading of Proficient Auto Logistics

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Quantbot Technologies LP purchased a new stake in Proficient Auto Logistics in the 4th quarter worth $49,000. Wells Fargo & Company MN grew its position in shares of 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 purchasing an additional 2,373 shares in the last quarter. Victory Capital Management Inc. purchased a new stake in shares of Proficient Auto Logistics during the fourth quarter worth about $90,000. Squarepoint Ops LLC bought a new stake in Proficient Auto Logistics during the 4th quarter valued at approximately $96,000. Finally, Deutsche Bank AG purchased a new position in shares of Proficient Auto Logistics in the fourth quarter worth $120,000.

Proficient Auto Logistics Company Profile

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.