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ArcBest (ARCB) Receives a Rating Update from a Top Analyst

Tipranks - Tipranks - Wed Jun 10, 5:48AM CDT

In a report released today, Jason Seidl from TD Cowen reiterated a Hold rating on ArcBest, with a price target of $175.00.

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According to TipRanks, Seidl is a top 100 analyst with an average return of 27.3% and a 70.87% success rate. Seidl covers the Industrials sector, focusing on stocks such as Knight Transportation, Old Dominion Freight, and ArcBest.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for ArcBest with a $145.00 average price target.

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Based on ArcBest’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $998.79 million and a GAAP net loss of $1.04 million. In comparison, last year the company earned a revenue of $967.08 million and had a net profit of $3.13 million

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