Stifel Nicolaus Has Lowered Expectations for Proficient Auto Logistics (NASDAQ:PAL) Stock Price

Proficient Auto Logistics (NASDAQ:PAL) had its price objective trimmed by Stifel Nicolaus from $18.00 to $17.00 in a report issued on Monday,Benzinga reports. The firm currently has a buy rating on the stock.

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

Proficient Auto Logistics Trading Up 11.2 %

Shares of NASDAQ PAL opened at $8.45 on Monday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.16. The business’s 50 day moving average is $9.53 and its 200-day moving average is $9.76. Proficient Auto Logistics has a 1-year low of $6.81 and a 1-year high of $21.01.

Hedge Funds Weigh In On Proficient Auto Logistics

Institutional investors and hedge funds have recently bought and sold shares of the company. Wedge Capital Management L L P NC boosted its stake in shares of 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 valued at $1,019,000 after purchasing an additional 3,342 shares during the last quarter. Squarepoint Ops LLC bought a new stake in Proficient Auto Logistics in the 4th quarter worth about $96,000. Deutsche Bank AG purchased a new stake in shares of Proficient Auto Logistics during the 4th quarter valued at $120,000. Balyasny Asset Management L.P. increased its stake in shares of Proficient Auto Logistics by 215.2% during the 4th quarter. Balyasny Asset Management L.P. now owns 84,013 shares of the company’s stock worth $678,000 after purchasing an additional 57,355 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its stake in Proficient Auto Logistics by 136.9% in the 4th quarter. BNP Paribas Financial Markets now owns 49,047 shares of the company’s stock valued at $396,000 after acquiring an additional 28,342 shares during the period.

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.