Proficient Auto Logistics (NASDAQ:PAL) Sets New 52-Week High at $19.51

Proficient Auto Logistics, Inc. (NASDAQ:PAL)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as $19.51 and last traded at $19.50, with a volume of 368922 shares changing hands. The stock had previously closed at $18.19.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on PAL. William Blair began coverage on shares of Proficient Auto Logistics in a research note on Monday, June 3rd. They issued an “outperform” rating for the company. Barrington Research started coverage on Proficient Auto Logistics in a research report on Wednesday, July 17th. They issued an “outperform” rating and a $22.00 target price for the company. Stifel Nicolaus assumed coverage on Proficient Auto Logistics in a research note on Monday, June 3rd. They set a “buy” rating and a $19.00 price target for the company. Finally, Raymond James initiated coverage on Proficient Auto Logistics in a research note on Monday, June 3rd. They issued an “outperform” rating and a $18.00 price objective on the stock.

Proficient Auto Logistics Stock Performance

The business’s 50 day moving average is $16.16.

Proficient Auto Logistics (NASDAQ:PAL) last issued its earnings results on Thursday, June 20th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.30). The company had revenue of $95.60 million during the quarter, compared to analyst estimates of $88.91 million. The business’s revenue was down 6.5% compared to the same quarter last year. Research analysts anticipate that Proficient Auto Logistics, Inc. will post 0.81 EPS for the current fiscal year.

About Proficient Auto Logistics

Proficient Auto Logistics, Inc focuses on providing auto transportation and logistics services in North America. It primarily focuses on transporting and delivering finished vehicles from automotive production facilities, ports of entry, and rail yards to a network of automotive dealerships. The company operates approximately 1,130 auto transport vehicles and trailers, including 615 company-owned transport vehicles and trailers.