ArcBest Corporation (ARCB) Receives a Rating Update from a Top Analyst
In a report released today, Jason Seidl from Cowen & Co. maintained a Buy rating on ArcBest Corporation (ARCB), with a price target of $37. The company’s shares opened today at $29.64.
According to TipRanks.com, Seidl is a top 100 analyst with an average return of 14.9% and a 74.6% success rate. Seidl covers the Services sector, focusing on stocks such as Covenant Transportation Group, Expeditors International, and Echo Global Logistics.
Currently, the analyst consensus on ArcBest Corporation is a Hold with an average price target of $32.20.
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ArcBest Corporation’s market cap is currently $734.3M and has a P/E ratio of 12.38. The company has a Price to Book ratio of 1.02.
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ArcBest Corp. is a holding company which engages in the provision of freight transportation services and solutions. It operates through the following business segments: Asset-Based, ArcBest, and FleetNet.