Proficient Auto Logistics (NASDAQ:PAL) Cut to Sell at Wall Street Zen

Proficient Auto Logistics (NASDAQ:PAL) was downgraded by Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Saturday, Wall Street Zen reports.

Other equities research analysts have also issued research reports about the company. Stifel Nicolaus dropped their price target on Proficient Auto Logistics from $10.00 to $9.00 and set a “buy” rating on the stock in a research note on Friday. Barrington Research cut their price objective on shares of Proficient Auto Logistics from $12.00 to $9.00 and set an “outperform” rating on the stock in a report on Friday. Weiss Ratings lowered shares of Proficient Auto Logistics from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday. Zacks Research cut shares of Proficient Auto Logistics from a “hold” rating to a “strong sell” rating in a research note on Monday, October 12th. Finally, Raymond James Financial set a $9.00 target price on shares of Proficient Auto Logistics in a research report on Thursday, October 15th. Two analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $9.00.

Proficient Auto Logistics Trading Down 14.4%

Proficient Auto Logistics stock opened at $2.62 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.18 and a quick ratio of 1.18. Proficient Auto Logistics has a 1-year low of $2.35 and a 1-year high of $10.97. The business has a fifty day moving average price of $3.51 and a 200-day moving average price of $6.00.

Proficient Auto Logistics (NASDAQ:PAL) last announced its earnings results on Thursday, November 12th. The company reported ($0.35) earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.41). Proficient Auto Logistics had a negative return on equity of 2.70% and a negative net margin of 10.06%. The business had revenue of $148.97 million for the quarter, compared to analysts’ expectations of $155.03 million. As a group, equities analysts anticipate that Proficient Auto Logistics will post -0.18 EPS for the current year.

Institutional Investors Weigh In On Proficient Auto Logistics

Institutional investors and hedge funds have recently modified their holdings of the company. Persistent Asset Partners Ltd purchased a new stake in Proficient Auto Logistics during the second quarter worth $49,000. Bank of America Corp DE grew its position in Proficient Auto Logistics by 2.9% during the first quarter. Bank of America Corp DE now owns 324,242 shares of the company’s stock valued at $2,198,000 after buying an additional 9,106 shares during the period. Ieq Capital LLC acquired a new stake in Proficient Auto Logistics during the second quarter valued at $122,000. Deutsche Bank AG purchased a new position in Proficient Auto Logistics in the second quarter valued at $144,000. Finally, Fifth Third Bancorp purchased a new position in Proficient Auto Logistics in the first quarter valued at $167,000.

More Proficient Auto Logistics News

These are some of the PAL news items that stood out recently:

• Positive Sentiment: Management raised its estimate of annual Hansen & Adkins integration synergies to $20 million–$30 million, from an initial $6 million–$10 million, and said integration remains on schedule for substantial completion by the end of Q1 2027. Q3 results and integration update
• Neutral Sentiment: Q3 revenue increased 30.3% to $149.0 million and total deliveries rose 38.6%, although the acquisition contributed to the growth. Barrington Research and Stifel Nicolaus both cut their price targets to $9 from $12 and $10, respectively, while retaining “outperform” and “buy” ratings. Q3 financial results
• Negative Sentiment: Profitability deteriorated: adjusted operating income fell to $0.3 million from $4.2 million, and the adjusted operating ratio worsened to 99.8% from 96.3%. PAL cited elevated costs and fuel-surcharge under-recovery; it ended the quarter with $140.6 million of senior secured debt and $11.8 million in cash. Q3 operating performance and balance sheet

About Proficient Auto Logistics

Proficient Auto Logistics is a vehicle transportation and logistics company that moves finished automobiles for manufacturers, dealerships, rental car companies and other customers. Its services include hauling vehicles on specialized car-carrier trucks and coordinating transportation through logistics operations. The company serves customers across the United States, combining regional auto-transport businesses into a broader network. Proficient Auto Logistics began operating as a public company in 2024 following a business combination with FAST Acquisition Corp. and the consolidation of several auto-transport companies.