Proficient Auto Logistics (NASDAQ:PAL) Stock Price Target Cut by Stifel Nicolaus

Proficient Auto Logistics (NASDAQ:PAL) had its target price dropped by equities researchers at Stifel Nicolaus from $10.00 to $9.00 in a research note issued on Friday, MarketBeat reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus‘s price objective would indicate a potential upside of 243.51% from the company’s current price.

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

Proficient Auto Logistics Price Performance

Shares of NASDAQ PAL traded down $0.44 during midday trading on Friday, reaching $2.62. 1,605,138 shares of the company were exchanged, compared to its average volume of 590,359. The stock’s 50-day moving average price is $3.51 and its 200-day moving average price is $6.00. The stock has a market cap of $73.49 million, a P/E ratio of -1.59 and a beta of 1.44. Proficient Auto Logistics has a one year low of $2.35 and a one year high of $10.97. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.17.

Proficient Auto Logistics (NASDAQ:PAL) last announced its quarterly earnings results 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 return on equity of 2.70% and a negative net margin of 10.06%. The company had revenue of $148.97 million for the quarter, compared to analyst estimates of $155.03 million. On average, sell-side analysts anticipate that Proficient Auto Logistics will post -0.18 earnings per share for the current fiscal year.

Institutional Trading of Proficient Auto Logistics

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

Top Proficient Auto Logistics Stories

Here are a few of the latest stories about PAL:

• 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.