ArcBest Corporation (ARCB) Receives a Rating Update from a Top Analyst

By Jason Carr

Cowen & Co. analyst Jason Seidl maintained a Hold rating on ArcBest Corporation (ARCBResearch Report) today and set a price target of $40. The company’s shares opened today at $29.01, close to its 52-week low of $28.35.

According to TipRanks.com, Seidl is a top 100 analyst with an average return of 16.4% and a 74.4% 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 $37.25.

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ArcBest Corporation’s market cap is currently $780.2M and has a P/E ratio of 12.14. The company has a Price to Book ratio of 1.09.

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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.