Price Don’t Lie: Does ArcBest Corp Have Any Gas After Today’s Huge Increase?

Price Don't Lie: Does ArcBest Corp Have Any Gas After Today's Huge Increase?

The stock of ArcBest Corp (NASDAQ:ARCB) is a huge mover today! About 155,160 shares traded hands. ArcBest Corp (NASDAQ:ARCB) has risen 34.61% since April 18, 2016 and is uptrending. It has outperformed by 30.18% the S&P500.
The move comes after 8 months positive chart setup for the $722.55 million company. It was reported on Nov, 18 by Barchart.com. We have $40.61 PT which if reached, will make NASDAQ:ARCB worth $296.25 million more.

ArcBest Corp (NASDAQ:ARCB) Ratings Coverage

Out of 7 analysts covering Arcbest Corporation (NASDAQ:ARCB), 2 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 29% are positive. Arcbest Corporation has been the topic of 20 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The stock has “Neutral” rating given by Bank of America on Friday, November 4. Citigroup maintained ArcBest Corp (NASDAQ:ARCB) rating on Monday, July 11. Citigroup has “Neutral” rating and $17 price target. As per Thursday, February 4, the company rating was maintained by Citigroup. Stephens downgraded ArcBest Corp (NASDAQ:ARCB) on Thursday, January 7 to “Equal-Weight” rating. The rating was maintained by Bank of America on Monday, February 22 with “Underperform”. On Wednesday, December 2 the stock rating was downgraded by Bank of America to “Underperform”. The company was upgraded on Friday, September 11 by Bank of America. Cowen & Co maintained the stock with “Outperform” rating in Friday, November 4 report. Deutsche Bank maintained ArcBest Corp (NASDAQ:ARCB) rating on Wednesday, August 5. Deutsche Bank has “Hold” rating and $38 price target. The stock of ArcBest Corp (NASDAQ:ARCB) has “Hold” rating given on Tuesday, November 3 by Deutsche Bank.

According to Zacks Investment Research, “ArcBest Corporation provides freight transportation services and solutions. The company’s Freight Transportation segment offers transportation of general commodities; motor carrier freight transportation services; business-to-business air transportation services; ocean transport services; global customizable supply chain solutions and integrated warehousing services. Its Premium Logistics & Expedited Freight Services segment provides expedited freight transportation services to commercial and government customers; premium logistics services; and domestic and international freight transportation with air, ocean, and ground service. ArcBest Corporation, formerly known as Arkansas Best Corporation, is headquartered in Fort Smith, Arkansas.”

More important recent ArcBest Corp (NASDAQ:ARCB) news were published by: Prnewswire.com which released: “ArcBest CorporationĀ® Board Director to Retire, Two New Members Added” on October 31, 2016, also Prnewswire.com published article titled: “ArcBest CorporationĀ® to Implement New Corporate Structure to Better Serve …”, Prnewswire.com published: “ArcBest Corporation to Appear at the Stephens 2016 Fall Investment Conference” on November 02, 2016. More interesting news about ArcBest Corp (NASDAQ:ARCB) was released by: Streetinsider.com and their article: “Form 4 ARCBEST CORP /DE/ For: Nov 14 Filed by: Newcity Michael E” with publication date: November 16, 2016.

ARCB Company Profile

ArcBest Corporation, incorporated on August 23, 1988, is a holding firm of businesses providing freight transportation services and logistics solutions. The Firm operates through five divisions: Freight Transportation (ABF Freight) segment, Premium Logistics (Panther), Transportation Management (ABF Logistics), Emergency & Preventative Maintenance (FleetNet) and Household Goods Moving Services (ABF Moving). The Company’s principal activities are conducted through ABF Freight segment, which consists of ABF Freight System, Inc. and certain other subsidiaries, including ABF Freight System (B.C.), Ltd., ABF Freight System Canada, Ltd., ABF Cartage, Inc. and Land-Marine Cargo, Inc.

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