Proficient Auto Logistics (NASDAQ:PAL) Stock Gets Price Target Reduction from Barrington Research

Proficient Auto Logistics (NASDAQ:PAL) had its price target reduced by Barrington Research from $12.00 to $9.00 in a research note issued on Friday, Benzinga reports. The firm presently has an “outperform” rating on the stock. Barrington Research‘s target price would suggest a potential upside of 259.28% from the stock’s current price.

A number of other research analysts also recently issued reports on the stock. Zacks Research downgraded shares of Proficient Auto Logistics from a “hold” rating to a “strong sell” rating in a research report on Monday, October 12th. Stifel Nicolaus reduced their price target on shares of Proficient Auto Logistics from $10.00 to $9.00 and set a “buy” rating for the company 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 report on Tuesday. Raymond James Financial set a $9.00 price objective on Proficient Auto Logistics in a report on Thursday, October 15th. Finally, Wall Street Zen raised Proficient Auto Logistics from a “sell” rating to a “hold” rating in a research report on Saturday, August 15th. Two analysts have rated the stock with a Buy rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $9.00.

Proficient Auto Logistics Trading Down 18.1%

PAL stock traded down $0.56 during midday trading on Friday, hitting $2.50. The stock had a trading volume of 914,671 shares, compared to its average volume of 460,868. The firm has a market cap of $70.27 million, a P/E ratio of -1.78 and a beta of 1.44. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.17. 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 $3.56 and a two-hundred day moving average price of $6.03.

Proficient Auto Logistics (NASDAQ:PAL) last issued its quarterly earnings results on Thursday, November 12th. The company reported ($0.35) earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.41). The business had revenue of $148.97 million for the quarter, compared to analyst estimates of $155.03 million. Proficient Auto Logistics had a negative return on equity of 0.49% and a negative net margin of 9.24%. On average, sell-side analysts predict that Proficient Auto Logistics will post -0.18 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Proficient Auto Logistics

Institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. purchased a new stake in shares of Proficient Auto Logistics in the second quarter valued at about $11,013,000. Royce & Associates LP grew its position in Proficient Auto Logistics by 31.9% in the 3rd quarter. Royce & Associates LP now owns 1,419,584 shares of the company’s stock worth $4,954,000 after purchasing an additional 343,616 shares in the last quarter. Diamond Hill Capital Management LLC Investment Advisor bought a new stake in Proficient Auto Logistics in the 2nd quarter worth about $7,322,000. De Lisle Partners LLP purchased a new stake in Proficient Auto Logistics in the 2nd quarter valued at about $3,914,000. Finally, VELA Investment Management LLC increased its stake in Proficient Auto Logistics by 23.8% in the 2nd quarter. VELA Investment Management LLC now owns 510,840 shares of the company’s stock valued at $3,479,000 after buying an additional 98,235 shares during the last quarter.

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.