Discussion stirs around ArcBest Corporation (NASDAQ:ARCB) this week; here is what analysts are saying.

October 11, 2018 - By Ruchi Gupta

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ArcBest Corporation (NASDAQ:ARCB) Ratings Coverage

Among 5 analysts covering ArcBest Corporation (NASDAQ:ARCB), 0 have Buy rating, 0 Sell and 5 Hold. Therefore 0 are positive. ArcBest Corporation had 5 analyst reports since April 12, 2018 according to SRatingsIntel. The rating was maintained by Bank of America on Wednesday, August 1 with “Neutral”. Buckingham Research maintained the stock with “Neutral” rating in Thursday, August 9 report. The firm has “Equal-Weight” rating given on Tuesday, October 9 by Morgan Stanley. The rating was maintained by Stephens with “Hold” on Thursday, April 12. Below is a list of ArcBest Corporation (NASDAQ:ARCB) latest ratings and price target changes.

09/10/2018 Broker: Morgan Stanley Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $38 New Target: $40 Maintain
02/10/2018 Broker: Loop Capital Rating: Hold New Target: $47 Initiates Coverage On
09/08/2018 Broker: Buckingham Research Old Rating: Neutral New Rating: Neutral Old Target: $43 New Target: $48 Maintain
01/08/2018 Broker: Bank of America Old Rating: Neutral New Rating: Neutral Old Target: $49 New Target: $50 Maintain
12/04/2018 Broker: Stephens Rating: Hold New Target: $37.0000 Maintain

The stock decreased 0.12% or $0.05 during the last trading session, reaching $40.66. About 182,354 shares traded. ArcBest Corporation (NASDAQ:ARCB) has risen 70.66% since October 11, 2017 and is uptrending. It has outperformed by 55.04% the S&P500.

ArcBest Corporation provides freight transportation services and integrated logistics solutions worldwide. The company has market cap of $1.04 billion. The companyÂ’s 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. It has a 17.36 P/E ratio. This segment also offers motor carrier freight transportation services to clients in Mexico through arrangements with trucking companies.

More notable recent ArcBest Corporation (NASDAQ:ARCB) news were published by: Benzinga.com which released: “46 Biggest Movers From Friday” on October 08, 2018, also Seekingalpha.com with their article: “Wolfe Research warns on five trucking stocks” published on October 05, 2018, Benzinga.com published: “36 Stocks Moving In Friday’s Mid-Day Session” on October 05, 2018. More interesting news about ArcBest Corporation (NASDAQ:ARCB) were released by: Seekingalpha.com and their article: “ArcBest execs challenge report of accounting issues” published on September 18, 2018 as well as Streetinsider.com‘s news article titled: “ArcBest (ARCB) Initiated as Short at Off Wall Street” with publication date: September 17, 2018.

ArcBest Corporation (NASDAQ:ARCB) Ratings Chart

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