Proficient Auto Logistics (NASDAQ:PAL) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Proficient Auto Logistics (NASDAQ:PAL) had its target price raised by research analysts at Stifel Nicolaus from $17.00 to $18.00 in a research note issued on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ price objective points to a potential upside of 144.57% from the stock’s previous close.

Separately, Barrington Research reiterated an “outperform” rating and set a $15.00 price objective on shares of Proficient Auto Logistics in a research report on Wednesday, February 12th.

Proficient Auto Logistics Stock Down 10.9 %

Shares of NASDAQ:PAL opened at $7.36 on Thursday. The firm has a fifty day moving average of $9.82 and a 200 day moving average of $10.28. Proficient Auto Logistics has a 52-week low of $7.13 and a 52-week high of $21.01. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.16.

Hedge Funds Weigh In On Proficient Auto Logistics

Several institutional investors and hedge funds have recently bought and sold shares of PAL. Rhumbline Advisers raised its stake in shares of Proficient Auto Logistics by 7.9% during the fourth quarter. Rhumbline Advisers now owns 16,971 shares of the company’s stock valued at $137,000 after acquiring an additional 1,238 shares during the last quarter. Wells Fargo & Company MN raised its position in Proficient Auto Logistics by 37.9% during the 4th quarter. Wells Fargo & Company MN now owns 8,640 shares of the company’s stock valued at $70,000 after purchasing an additional 2,373 shares during the last quarter. Nicholas Hoffman & Company LLC. lifted its holdings in Proficient Auto Logistics by 20.0% in the 4th quarter. Nicholas Hoffman & Company LLC. now owns 15,000 shares of the company’s stock worth $121,000 after buying an additional 2,500 shares during the period. Bank of New York Mellon Corp grew its position in shares of Proficient Auto Logistics by 10.8% in the 4th quarter. Bank of New York Mellon Corp now owns 33,684 shares of the company’s stock worth $272,000 after buying an additional 3,287 shares during the last quarter. Finally, Barclays PLC increased its stake in shares of Proficient Auto Logistics by 15.3% during the fourth quarter. Barclays PLC now owns 25,324 shares of the company’s stock valued at $204,000 after buying an additional 3,365 shares during the period.

About Proficient Auto Logistics

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.