Proficient Auto Logistics (NASDAQ:PAL) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Proficient Auto Logistics (NASDAQ:PAL) from a sell rating to a hold rating in a report issued on Saturday morning.

A number of other research analysts have also weighed in on PAL. Zacks Research lowered shares of Proficient Auto Logistics from a “hold” rating to a “strong sell” rating in a research report on Monday, August 10th. Stifel Nicolaus lifted their price objective on Proficient Auto Logistics from $9.00 to $12.00 and gave the stock a “buy” rating in a research note on Tuesday, August 11th. Barrington Research set a $12.00 price objective on Proficient Auto Logistics in a research report on Tuesday, August 11th. Finally, Weiss Ratings downgraded Proficient Auto Logistics from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, August 11th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Proficient Auto Logistics currently has a consensus rating of “Hold” and an average price target of $12.00.

Proficient Auto Logistics Price Performance

Shares of Proficient Auto Logistics stock opened at $5.89 on Friday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.16. The firm has a fifty day simple moving average of $6.99 and a 200-day simple moving average of $6.96. The stock has a market capitalization of $163.57 million, a price-to-earnings ratio of -4.18 and a beta of 1.25. Proficient Auto Logistics has a 1-year low of $4.85 and a 1-year high of $10.97.

Insider Activity

In other news, Director Rohit Lal bought 40,000 shares of the business’s stock in a transaction dated Thursday, August 13th. The stock was bought at an average price of $5.43 per share, for a total transaction of $217,200.00. Following the completion of the purchase, the director owned 61,903 shares of the company’s stock, valued at approximately $336,133.29. The trade was a 182.62% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have purchased a total of 54,995 shares of company stock valued at $300,222 in the last three months. Insiders own 14.20% of the company’s stock.

Institutional Investors Weigh In On Proficient Auto Logistics

A number of hedge funds and other institutional investors have recently bought and sold shares of PAL. BNP Paribas Financial Markets raised its position in Proficient Auto Logistics by 77.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 4,517 shares of the company’s stock valued at $31,000 after purchasing an additional 1,975 shares during the last quarter. Persistent Asset Partners Ltd bought a new stake in shares of Proficient Auto Logistics during the second quarter worth $49,000. Jones Financial Companies Lllp acquired a new stake in shares of Proficient Auto Logistics in the first quarter valued at $73,000. Odyssean LLC acquired a new stake in shares of Proficient Auto Logistics in the fourth quarter valued at $98,000. Finally, Invesco Ltd. acquired a new stake in shares of Proficient Auto Logistics in the fourth quarter valued at $101,000.

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. It serves auto companies, electric vehicle producers, auto dealers, auto auctions, rental car companies, and auto leasing companies.