News stories about ArcBest (NASDAQ:ARCB) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. ArcBest earned a news impact score of 0.09 on Accern’s scale. Accern also assigned press coverage about the transportation company an impact score of 45.1931581169431 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s analysis:
- ArcBest (ARCB) Cut to “Sell” at BidaskClub (americanbankingnews.com)
- ArcBest (ARCB) Upgraded at TheStreet (americanbankingnews.com)
- ArcBest (ARCB) Stock Rating Reaffirmed by Stifel Nicolaus (americanbankingnews.com)
- ArcBest (ARCB) Rating Reiterated by Stephens (americanbankingnews.com)
- 5 Stocks With Amazingly Low EV/EBITDA Ratios to Scoop Up (finance.yahoo.com)
Shares of ARCB stock traded up $1.75 during mid-day trading on Monday, hitting $34.10. The stock had a trading volume of 67,706 shares, compared to its average volume of 311,547. ArcBest has a 12-month low of $16.95 and a 12-month high of $39.70. The stock has a market capitalization of $829.50, a price-to-earnings ratio of 25.41 and a beta of 1.76. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.32.
A number of equities analysts recently issued reports on the company. BidaskClub cut ArcBest from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. Stephens restated a “hold” rating and set a $37.00 price objective on shares of ArcBest in a report on Thursday. ValuEngine upgraded ArcBest from a “hold” rating to a “buy” rating in a report on Saturday, March 10th. Zacks Investment Research cut ArcBest from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 14th. Finally, Seaport Global Securities reiterated a “neutral” rating on shares of ArcBest in a report on Tuesday, January 16th. Ten equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. ArcBest currently has an average rating of “Hold” and a consensus price target of $34.78.
ArcBest Company Profile
ArcBest Corporation provides freight transportation services and integrated logistics solutions worldwide. It operates through three segments: Asset-Based, ArcBest, and FleetNet. The Asset-Based segment transports general commodities, such as food, textiles, apparel, furniture, appliances, chemicals, nonbulk petroleum products, rubber, plastics, metal and metal products, wood, glass, automotive parts, machinery, and miscellaneous manufactured products through less-than-truckload services.
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