Fintel reports that on October 9, 2024, Citigroup initiated coverage of ArcBest (NasdaqGS:ARCB) with a Neutral recommendation.
Analyst Price Forecast Suggests 28.42% Upside
As of September 25, 2024, the average one-year price target for ArcBest is $130.75/share. The forecasts range from a low of $99.99 to a high of $183.75. The average price target represents an increase of 28.42% from its latest reported closing price of $101.81 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for ArcBest is 5,380MM, an increase of 24.19%. The projected annual non-GAAP EPS is 11.79.
What is the Fund Sentiment?
There are 724 funds or institutions reporting positions in ArcBest. This is an decrease of 13 owner(s) or 1.76% in the last quarter. Average portfolio weight of all funds dedicated to ARCB is 0.21%, an increase of 8.59%. Total shares owned by institutions increased in the last three months by 2.74% to 28,890K shares. 
The put/call ratio of ARCB is 0.56, indicating a bullish outlook.
What are Other Shareholders Doing?
Alliancebernstein holds 2,240K shares representing 9.47% ownership of the company. In its prior filing, the firm reported owning 1,583K shares , representing an increase of 29.35%. The firm decreased its portfolio allocation in ARCB by 9.88% over the last quarter.
IJR - iShares Core S&P Small-Cap ETF holds 1,515K shares representing 6.41% ownership of the company. In its prior filing, the firm reported owning 1,604K shares , representing a decrease of 5.83%. The firm decreased its portfolio allocation in ARCB by 26.25% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 717K shares representing 3.03% ownership of the company. In its prior filing, the firm reported owning 715K shares , representing an increase of 0.23%. The firm decreased its portfolio allocation in ARCB by 26.76% over the last quarter.
Westwood Holdings Group holds 584K shares representing 2.47% ownership of the company. In its prior filing, the firm reported owning 433K shares , representing an increase of 25.78%. The firm decreased its portfolio allocation in ARCB by 39.73% over the last quarter.
FCPVX - Fidelity Small Cap Value Fund holds 566K shares representing 2.39% ownership of the company. In its prior filing, the firm reported owning 331K shares , representing an increase of 41.52%. The firm increased its portfolio allocation in ARCB by 75.46% over the last quarter.
ArcBest Background Information
(This description is provided by the company.)
ArcBest® is a leading logistics company with creative problem solvers who deliver innovative solutions for its customers' supply chain needs. The company will find a way to deliver knowledge, expertise and a can-do attitude with every shipment and supply chain solution, household move or vehicle repair.
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