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Analysts Offer Insights on Industrial Goods Companies: Proficient Auto Logistics, Inc. (PAL), Trex Company (TREX) and Rocket Lab USA (RKLB)

Tipranks - Tipranks - Wed Aug 12, 6:32AM CDT

Analysts have been eager to weigh in on the Industrial Goods sector with new ratings on Proficient Auto Logistics, Inc. (PAL), Trex Company (TREX) and Rocket Lab USA (RKLB).

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Proficient Auto Logistics, Inc. (PAL)

In a report released today, J. Bruce Chan from Stifel Nicolaus maintained a Buy rating on Proficient Auto Logistics, Inc., with a price target of $12.00. The company’s shares closed last Monday at $7.24, equals to its 52-week low of $7.24.

According to TipRanks.com, Chan is a 4-star analyst with an average return of 6.3% and a 52.9% success rate. Chan covers the Industrial Goods sector, focusing on stocks such as Expeditors International, Knight Transportation, and Old Dominion Freight. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Proficient Auto Logistics, Inc. with a $11.00 average price target.

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Trex Company (TREX)

Stifel Nicolaus analyst W. Andrew Carter maintained a Hold rating on Trex Company today and set a price target of $49.00. The company’s shares closed last Monday at $48.17.

According to TipRanks.com, Carter is a 3-star analyst with an average return of 2.3% and a 47.0% success rate. Carter covers the Industrial Goods sector, focusing on stocks such as SiteOne Landscape Supply, Builders Firstsource, and Hillman Solutions. ;'>

Trex Company has an analyst consensus of Moderate Buy, with a price target consensus of $51.92, which is a 5.7% upside from current levels. In a report issued on August 4, TipRanks – PerPlexity also downgraded the stock to Hold with a $49.00 price target.

Rocket Lab USA (RKLB)

In a report released today, Erik Rasmussen from Stifel Nicolaus reiterated a Buy rating on Rocket Lab USA, with a price target of $132.00. The company’s shares closed last Monday at $80.04.

Rasmussen has an average return of 128.5% when recommending Rocket Lab USA. ;'>

According to TipRanks.com, Rasmussen is ranked #179 out of 12467 analysts.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Rocket Lab USA with a $109.88 average price target, implying a 30.7% upside from current levels. In a report issued on July 27, KGI Securities also upgraded the stock to Buy with a $107.00 price target.

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