Proficient Auto Logistics' (PAL) Outperform Rating Reaffirmed at Barrington Research

Key Points

• Proficient Auto Logistics (PAL) has had its "outperform" rating reiterated by Barrington Research, with a price target of $12.00, indicating a potential upside of 70.09% from its previous close.
• Despite mixed ratings, the stock currently holds an average rating of "Moderate Buy" with an average price target of $14.67.
• Proficient Auto Logistics experienced a 0.8% increase in stock price, rising to $7.06 during trading, following various hedge fund activities boosting their positions.

Proficient Auto Logistics (NASDAQ:PAL - Get Free Report)'s stock had its "outperform" rating reiterated by equities researchers at Barrington Research in a research note issued on Tuesday,Benzinga reports. They presently have a $12.00 price target on the stock. Barrington Research's target price would indicate a potential upside of 70.09% from the stock's previous close.

PAL has been the topic of a number of other reports. Stifel Nicolaus set a $13.00 target price on shares of Proficient Auto Logistics in a research note on Tuesday, August 12th. William Blair cut shares of Proficient Auto Logistics from an "outperform" rating to a "market perform" rating in a research note on Friday, September 12th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $14.67.

Proficient Auto Logistics Trading Up 0.8%

Shares of NASDAQ:PAL traded up $0.06 during trading on Tuesday, reaching $7.06. The stock had a trading volume of 17,472 shares, compared to its average volume of 247,885. Proficient Auto Logistics has a 52 week low of $5.88 and a 52 week high of $16.69. The firm's fifty day moving average is $7.42 and its 200 day moving average is $7.84. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.20.

Hedge Funds Weigh In On Proficient Auto Logistics

Hedge funds and other institutional investors have recently bought and sold shares of the company. Northern Trust Corp grew its position in shares of Proficient Auto Logistics by 4.8% in the fourth quarter. Northern Trust Corp now owns 127,956 shares of the company's stock valued at $1,033,000 after purchasing an additional 5,850 shares during the period. Deutsche Bank AG acquired a new stake in Proficient Auto Logistics during the fourth quarter valued at approximately $120,000. Squarepoint Ops LLC bought a new position in shares of Proficient Auto Logistics during the fourth quarter valued at approximately $96,000. Wedge Capital Management L L P NC grew its holdings in Proficient Auto Logistics by 2.8% in the 1st quarter. Wedge Capital Management L L P NC now owns 121,687 shares of the company's stock worth $1,019,000 after buying an additional 3,342 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Proficient Auto Logistics by 27.5% during the 1st quarter. Bank of New York Mellon Corp now owns 42,945 shares of the company's stock valued at $359,000 after purchasing an additional 9,261 shares in the last quarter.

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.

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