ArcBest Corporation Receives a Buy from Cowen & Co.

By Ryan Adsit

Cowen & Co. analyst Jason Seidl reiterated a Buy rating on ArcBest Corporation (NASDAQ: ARCB) on July 28 and set a price target of $29. The company’s shares closed on Friday at $26.95.

According to TipRanks.com, Seidl is a 5-star analyst with an average return of 9.4% and a 63.8% success rate. Seidl covers the Services sector, focusing on stocks such as Covenant Transportation Group, Expeditors International, and Echo Global Logistics.

ArcBest Corporation has an analyst consensus of Moderate Buy, with a price target consensus of $23.50.

ArcBest Corporation’s market cap is currently $690.7M and has a P/E ratio of 41.46. The company has a book value ratio of 1.1673.

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ArcBest Corp. operates as a holding company which provides freight transportation services and solutions. It operates through the following segments: Freight Transportation, Premium Logistics, Transportation Management, Emergency and Preventative Maintenance, and Household Goods Moving Services.