Citi Sticks to Its Buy Rating for ArcBest (ARCB)
Citi analyst Ariel Rosa maintained a Buy rating on ArcBest today and set a price target of $178.00.
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According to TipRanks, Rosa is a 5-star analyst with an average return of 21.0% and a 76.83% success rate. Rosa covers the Industrials sector, focusing on stocks such as CH Robinson, Old Dominion Freight, and Saia.
In addition to Citi, ArcBest also received a Buy from Morgan Stanley’s Ravi Shanker in a report issued on July 6. However, on July 7, UBS assigned a Hold rating to ArcBest (NASDAQ: ARCB).
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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