Proficient Auto Logistics (NASDAQ:PAL) Earns “Outperform” Rating from Barrington Research

Proficient Auto Logistics (NASDAQ:PAL)‘s stock had its “outperform” rating reiterated by equities researchers at Barrington Research in a research report issued on Wednesday,Benzinga reports. They presently have a $15.00 target price on the stock. Barrington Research’s price objective indicates a potential upside of 35.62% from the stock’s current price.

Separately, Stifel Nicolaus cut their price target on Proficient Auto Logistics from $15.00 to $14.00 and set a “buy” rating for the company in a report on Thursday, January 23rd.

Proficient Auto Logistics Stock Performance

Shares of PAL stock opened at $11.06 on Wednesday. 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 1 year low of $7.24 and a 1 year high of $21.01. The firm has a fifty day moving average price of $9.25 and a 200-day moving average price of $12.52.

Institutional Trading of Proficient Auto Logistics

Institutional investors and hedge funds have recently modified their holdings of the company. Quantbot Technologies LP bought a new position in Proficient Auto Logistics in the 4th quarter worth $49,000. SG Americas Securities LLC bought a new position in shares of Proficient Auto Logistics in the third quarter worth about $104,000. Wells Fargo & Company MN boosted its stake in shares of Proficient Auto Logistics by 37.9% in the fourth quarter. Wells Fargo & Company MN now owns 8,640 shares of the company’s stock worth $70,000 after acquiring an additional 2,373 shares during the period. MetLife Investment Management LLC purchased a new stake in shares of Proficient Auto Logistics during the third quarter worth about $129,000. Finally, Verition Fund Management LLC bought a new stake in Proficient Auto Logistics during the 3rd quarter valued at approximately $152,000.

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.