Stock Worth Mentioning: What’s Propelling ArcBest Corp to Increase So Much?

Stock Worth Mentioning: What's Propelling ArcBest Corp to Increase So Much?

The stock of ArcBest Corp (NASDAQ:ARCB) is a huge mover today! About 300,016 shares traded hands or 82.39% up from the average. ArcBest Corp (NASDAQ:ARCB) has declined 3.63% since April 1, 2016 and is downtrending. It has underperformed by 4.84% the S&P500.
The move comes after 8 months positive chart setup for the $559.53M company. It was reported on Nov, 3 by We have $31.97 PT which if reached, will make NASDAQ:ARCB worth $257.38 million more.

Analysts await ArcBest Corp (NASDAQ:ARCB) to report earnings on November, 4. They expect $0.48 EPS, down 35.14% or $0.26 from last year’s $0.74 per share. ARCB’s profit will be $12.26M for 11.41 P/E if the $0.48 EPS becomes a reality. After $0.38 actual EPS reported by ArcBest Corp for the previous quarter, Wall Street now forecasts 26.32% EPS growth.

ArcBest Corp (NASDAQ:ARCB) Ratings Coverage

Out of 6 analysts covering Arcbest Corporation (NASDAQ:ARCB), 1 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 17% are positive. Arcbest Corporation has been the topic of 18 analyst reports since August 5, 2015 according to StockzIntelligence Inc. As per Tuesday, November 3, the company rating was maintained by Deutsche Bank. The rating was maintained by Citigroup with “Neutral” on Monday, July 11. The rating was upgraded by Bank of America on Friday, September 11 to “Neutral”. The company was downgraded on Thursday, January 7 by Stephens. The stock has “Underperform” rating given by Bank of America on Monday, February 22. As per Thursday, February 4, the company rating was upgraded by Stifel Nicolaus. Citigroup maintained it with “Neutral” rating and $20 target price in Thursday, February 4 report. The firm has “Underperform” rating by Bank of America given on Wednesday, December 2. As per Monday, May 2, the company rating was downgraded by Stifel Nicolaus. The stock has “Hold” rating given by Deutsche Bank on Wednesday, August 5.

According to Zacks Investment Research, “ArcBest Corporation provides freight transportation services and solutions. The company’s Freight Transportation segment offers transportation of general commodities; motor carrier freight transportation services; business-to-business air transportation services; ocean transport services; global customizable supply chain solutions and integrated warehousing services. Its Premium Logistics & Expedited Freight Services segment provides expedited freight transportation services to commercial and government customers; premium logistics services; and domestic and international freight transportation with air, ocean, and ground service. ArcBest Corporation, formerly known as Arkansas Best Corporation, is headquartered in Fort Smith, Arkansas.”

More important recent ArcBest Corp (NASDAQ:ARCB) news were published by: which released: “ArcBest Corporation® Board Director to Retire, Two New Members Added” on October 31, 2016, also published article titled: “ArcBest Corporation® Announces Its Third Quarter 2016 Earnings Conference Call”, published: “BRIEF-ArcBest Corp’s board director to retire, two new members added” on October 31, 2016. More interesting news about ArcBest Corp (NASDAQ:ARCB) was released by: and their article: “ArcBest Corporation® Announces Fourth Quarter 2015 And Full Year 2015 Results” with publication date: February 03, 2016.

ARCB Company Profile

ArcBest Corporation, incorporated on August 23, 1988, is a holding firm of businesses providing freight transportation services and logistics solutions. The Firm operates through five divisions: Freight Transportation (ABF Freight) segment, Premium Logistics (Panther), Transportation Management (ABF Logistics), Emergency & Preventative Maintenance (FleetNet) and Household Goods Moving Services (ABF Moving). The Company’s principal activities are conducted through ABF Freight segment, which consists of ABF Freight System, Inc. and certain other subsidiaries, including ABF Freight System (B.C.), Ltd., ABF Freight System Canada, Ltd., ABF Cartage, Inc. and Land-Marine Cargo, Inc.

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