Proficient Auto Logistics (NASDAQ:PAL) Price Target Cut to $9.00 by Analysts at Stifel Nicolaus

Proficient Auto Logistics (NASDAQ:PAL) had its price objective lowered by Stifel Nicolaus from $10.00 to $9.00 in a report published on Friday morning, Marketbeat.com reports. Stifel Nicolaus currently has a buy rating on the stock.

A number of other brokerages also recently weighed in on PAL. Raymond James Financial set a $9.00 price target on Proficient Auto Logistics in a report on Thursday, October 15th. Zacks Research lowered Proficient Auto Logistics from a “hold” rating to a “strong sell” rating in a research report on Monday, October 12th. Wall Street Zen upgraded Proficient Auto Logistics from a “sell” rating to a “hold” rating in a research note on Saturday, August 15th. Barrington Research set a $12.00 price objective on shares of Proficient Auto Logistics in a report on Tuesday, August 11th. Finally, Weiss Ratings downgraded shares of Proficient Auto Logistics from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday. Two investment analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Proficient Auto Logistics currently has a consensus rating of “Hold” and a consensus price target of $9.00.

Proficient Auto Logistics Stock Down 14.4%

NASDAQ:PAL traded down $0.44 during mid-day trading on Friday, reaching $2.62. The stock had a trading volume of 1,605,138 shares, compared to its average volume of 590,359. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.18 and a quick ratio of 1.18. The company has a market capitalization of $73.49 million, a price-to-earnings ratio of -1.59 and a beta of 1.44. Proficient Auto Logistics has a 1-year low of $2.35 and a 1-year high of $10.97. The stock’s 50 day simple moving average is $3.51 and its two-hundred day simple moving average is $6.00.

Proficient Auto Logistics (NASDAQ:PAL) last announced its quarterly earnings data on Thursday, November 12th. The company reported ($0.35) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.41). Proficient Auto Logistics had a negative net margin of 10.06% and a negative return on equity of 2.70%. The firm had revenue of $148.97 million for the quarter, compared to analyst estimates of $155.03 million. Equities analysts anticipate that Proficient Auto Logistics will post -0.18 EPS for the current year.

Institutional Investors Weigh In On Proficient Auto Logistics

Hedge funds and other institutional investors have recently bought and sold shares of the business. Marshall Wace LLP boosted its position in shares of Proficient Auto Logistics by 405.7% in the 3rd quarter. Marshall Wace LLP now owns 1,161,146 shares of the company’s stock valued at $4,052,000 after purchasing an additional 931,541 shares during the period. Empowered Funds LLC raised its holdings in Proficient Auto Logistics by 24.2% during the 3rd quarter. Empowered Funds LLC now owns 286,720 shares of the company’s stock worth $1,001,000 after buying an additional 55,809 shares during the period. Boston Partners raised its holdings in Proficient Auto Logistics by 56.5% during the 3rd quarter. Boston Partners now owns 249,470 shares of the company’s stock worth $871,000 after buying an additional 90,020 shares during the period. Royce & Associates LP lifted its stake in Proficient Auto Logistics by 31.9% during the third quarter. Royce & Associates LP now owns 1,419,584 shares of the company’s stock valued at $4,954,000 after buying an additional 343,616 shares in the last quarter. Finally, Jefferies Financial Group Inc. purchased a new stake in Proficient Auto Logistics during the third quarter valued at about $1,125,000.

Proficient Auto Logistics News Summary

Investors following PAL have been watching these news items:

• Positive Sentiment: Management raised its estimate of annual Hansen & Adkins integration synergies to $20 million–$30 million, from an initial $6 million–$10 million, and said integration remains on schedule for substantial completion by the end of Q1 2027. Q3 results and integration update
• Neutral Sentiment: Q3 revenue increased 30.3% to $149.0 million and total deliveries rose 38.6%, although the acquisition contributed to the growth. Barrington Research and Stifel Nicolaus both cut their price targets to $9 from $12 and $10, respectively, while retaining “outperform” and “buy” ratings. Q3 financial results
• Negative Sentiment: PAL reported a Q3 loss of $0.35 per share, versus analysts’ expected $0.06 loss, while revenue of $149.0 million also came in below the $155.0 million consensus. Net loss widened to $9.9 million from $3.0 million a year earlier. Q3 loss and revenue miss

About Proficient Auto Logistics

Proficient Auto Logistics is a vehicle transportation and logistics company that moves finished automobiles for manufacturers, dealerships, rental car companies and other customers. Its services include hauling vehicles on specialized car-carrier trucks and coordinating transportation through logistics operations. The company serves customers across the United States, combining regional auto-transport businesses into a broader network. Proficient Auto Logistics began operating as a public company in 2024 following a business combination with FAST Acquisition Corp. and the consolidation of several auto-transport companies.