ArcBest Corporation Gets a Hold Rating from Stephens

By Austin Angelo

Stephens analyst Brad Delco reiterated a Hold rating on ArcBest Corporation (NASDAQ: ARCB) today and set a price target of $37. The company’s shares opened today at $32.95.

According to TipRanks.com, Delco is a 4-star analyst with an average return of 13.4% and a 72.1% success rate. Delco covers the Services sector, focusing on stocks such as Schneider National Inc, Knight Transportation, and Old Dominion Freight.

Currently, the analyst consensus on ArcBest Corporation is Hold and the average price target is $36, representing a 9.3% upside.

In a report issued on April 2, Stifel Nicolaus also upgraded the stock to Hold with a $32 price target.

ArcBest Corporation’s market cap is currently $836M and has a P/E ratio of 14.55. The company has a book value ratio of 1.2833.

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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, FleetNet, and Other and Eliminations.