Proficient Auto Logistics (NASDAQ:PAL) Given Outperform Rating at Barrington Research

Barrington Research reissued their outperform rating on shares of Proficient Auto Logistics (NASDAQ:PAL) in a research note released on Tuesday,Benzinga reports. Barrington Research currently has a $12.00 price target on the stock.

A number of other research analysts have also weighed in on PAL. Stifel Nicolaus set a $13.00 price target on shares of Proficient Auto Logistics in a research report on Tuesday, August 12th. William Blair lowered shares of Proficient Auto Logistics from an “outperform” rating to a “market perform” rating in a research report on Friday, September 12th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Proficient Auto Logistics in a research report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $12.50.

Proficient Auto Logistics Stock Up 10.6%

PAL opened at $6.79 on Tuesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.16 and a quick ratio of 1.16. The company’s 50-day moving average is $7.13 and its 200 day moving average is $7.41. Proficient Auto Logistics has a fifty-two week low of $5.76 and a fifty-two week high of $11.37.

Hedge Funds Weigh In On Proficient Auto Logistics

Large investors have recently modified their holdings of the business. FNY Investment Advisers LLC purchased a new position in shares of Proficient Auto Logistics in the second quarter worth about $29,000. Jones Financial Companies Lllp purchased a new position in shares of Proficient Auto Logistics in the first quarter worth about $73,000. Corebridge Financial Inc. increased its stake in shares of Proficient Auto Logistics by 33.6% in the first quarter. Corebridge Financial Inc. now owns 10,409 shares of the company’s stock worth $87,000 after purchasing an additional 2,619 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Proficient Auto Logistics by 44.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,506 shares of the company’s stock worth $105,000 after purchasing an additional 3,866 shares in the last quarter. Finally, MetLife Investment Management LLC purchased a new position in shares of Proficient Auto Logistics in the first quarter worth about $111,000.

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.