Stifel Nicolaus Issues Pessimistic Forecast for Proficient Auto Logistics (NASDAQ:PAL) Stock Price

Proficient Auto Logistics (NASDAQ:PAL) had its price objective decreased by Stifel Nicolaus from $18.00 to $17.00 in a research report released on Monday morning,Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

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

Proficient Auto Logistics Stock Performance

Proficient Auto Logistics stock opened at $7.28 on Monday. The stock’s fifty day simple moving average is $9.51 and its 200-day simple moving average is $9.73. Proficient Auto Logistics has a twelve month low of $6.81 and a twelve month high of $21.01. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.16.

Institutional Trading of Proficient Auto Logistics

A number of institutional investors have recently added to or reduced their stakes in PAL. Geode Capital Management LLC increased its stake in shares of Proficient Auto Logistics by 136.9% during the 3rd quarter. Geode Capital Management LLC now owns 347,752 shares of the company’s stock worth $4,932,000 after purchasing an additional 200,977 shares in the last quarter. JPMorgan Chase & Co. increased its position in Proficient Auto Logistics by 159,197.1% during the third quarter. JPMorgan Chase & Co. now owns 55,754 shares of the company’s stock worth $791,000 after buying an additional 55,719 shares in the last quarter. State Street Corp raised its holdings in shares of Proficient Auto Logistics by 199.0% in the third quarter. State Street Corp now owns 157,551 shares of the company’s stock worth $2,234,000 after acquiring an additional 104,851 shares during the last quarter. Barclays PLC purchased a new stake in shares of Proficient Auto Logistics in the third quarter valued at $311,000. Finally, Rhumbline Advisers boosted its stake in shares of Proficient Auto Logistics by 7.9% during the fourth quarter. Rhumbline Advisers now owns 16,971 shares of the company’s stock valued at $137,000 after acquiring an additional 1,238 shares during the last quarter.

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.