Proficient Auto Logistics (NASDAQ:PAL) Price Target Raised to $18.00

Proficient Auto Logistics (NASDAQ:PAL) had its price target upped by Stifel Nicolaus from $17.00 to $18.00 in a report released on Thursday morning,Benzinga reports. The firm currently has a buy rating on the stock.

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

Proficient Auto Logistics Stock Performance

Proficient Auto Logistics stock opened at $7.36 on Thursday. The business has a 50 day simple moving average of $9.82 and a 200 day simple moving average of $10.23. Proficient Auto Logistics has a one year low of $7.13 and a one year high of $21.01. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.25 and a current ratio of 1.25.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in PAL. Quantbot Technologies LP acquired a new position in Proficient Auto Logistics in the fourth quarter valued at approximately $49,000. Wells Fargo & Company MN lifted its stake in shares of Proficient Auto Logistics by 37.9% in 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 period. Victory Capital Management Inc. bought a new position in shares of Proficient Auto Logistics in the 4th quarter worth $90,000. Squarepoint Ops LLC acquired a new stake in shares of Proficient Auto Logistics during the fourth quarter worth $96,000. Finally, Deutsche Bank AG bought a new stake in Proficient Auto Logistics in the fourth quarter valued at about $120,000.

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.