In a report released yesterday, Vijay Rakesh from Mizuho Securities maintained a Buy rating on ArcBest Corporation (ARCB), with a price target of $38. The company’s shares closed yesterday at $27.81, close to its 52-week low of $24.69.
According to TipRanks.com, Rakesh is a top 100 analyst with an average return of 20.1% and a 61.9% success rate. Rakesh covers the Consumer Goods sector, focusing on stocks such as Skyworks Solutions, Intel Corporation, and Texas Instruments.
The word on The Street in general, suggests a Hold analyst consensus rating for ArcBest Corporation with a $34.40 average price target.
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The company has a one-year high of $51.45 and a one-year low of $24.69. Currently, ArcBest Corporation has an average volume of 271.2K.
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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.
