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

Proficient Auto Logistics (NASDAQ:PAL) had its price target cut by research analysts at Stifel Nicolaus from $18.00 to $17.00 in a report issued on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ target price would indicate a potential upside of 122.51% from the stock’s previous close.

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

Proficient Auto Logistics Stock Performance

Shares of PAL stock opened at $7.64 on Monday. Proficient Auto Logistics has a 12 month low of $6.81 and a 12 month high of $21.01. The firm has a fifty day simple moving average of $9.52 and a two-hundred day simple moving average of $9.74. 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 Investors Weigh In On Proficient Auto Logistics

Several large investors have recently added to or reduced their stakes in the business. Quantbot Technologies LP purchased a new position in shares of Proficient Auto Logistics during the fourth quarter worth about $49,000. Wells Fargo & Company MN raised its position in shares of 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 buying an additional 2,373 shares in the last quarter. Victory Capital Management Inc. bought a new stake in shares of Proficient Auto Logistics during the 4th quarter worth $90,000. Squarepoint Ops LLC purchased a new position in Proficient Auto Logistics in the fourth quarter worth $96,000. Finally, Deutsche Bank AG bought a new position in Proficient Auto Logistics in the fourth quarter valued at $120,000.

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.