ArcBest (ARCB) Earns Coverage Optimism Score of 0.02
Media headlines about ArcBest (NASDAQ:ARCB) have trended somewhat positive this week, according to Accern. The research firm identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. ArcBest earned a daily sentiment score of 0.02 on Accern’s scale. Accern also assigned media headlines about the transportation company an impact score of 44.375041639366 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:
- $0.37 EPS Expected for ArcBest Corporation (ARCB) This Quarter (americanbankingnews.com)
- ArcBest Announces Its Fourth Quarter 2017 Earnings Conference Call (finance.yahoo.com)
- ArcBest Corporation (ARCB) Receives Average Rating of “Hold” from Analysts (americanbankingnews.com)
- Cohen & Steers Holds Holding in American Water Works Company (AWK); Guggenheim Capital Has Cut Holding in … – Hill Country Times (hillcountrytimes.com)
Shares of ArcBest (NASDAQ:ARCB) traded down $0.55 during trading on Friday, reaching $36.15. The company’s stock had a trading volume of 203,685 shares, compared to its average volume of 196,799. ArcBest has a fifty-two week low of $16.95 and a fifty-two week high of $38.75. The firm has a market cap of $940.87, a P/E ratio of 38.87 and a beta of 1.83. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.33.
ARCB has been the subject of several research reports. BidaskClub raised ArcBest from a “hold” rating to a “buy” rating in a report on Saturday, December 2nd. ValuEngine downgraded ArcBest from a “buy” rating to a “hold” rating in a report on Friday, November 10th. Zacks Investment Research raised ArcBest from a “hold” rating to a “buy” rating and set a $36.00 price target for the company in a report on Tuesday, October 10th. Cowen reaffirmed a “market perform” rating and set a $33.00 price target (up previously from $29.00) on shares of ArcBest in a report on Monday, November 6th. Finally, Stifel Nicolaus downgraded ArcBest from a “hold” rating to a “sell” rating and raised their price target for the company from $27.00 to $32.00 in a report on Wednesday, December 13th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. ArcBest presently has an average rating of “Hold” and a consensus target price of $31.43.
In other ArcBest news, Director Janice E. Stipp sold 3,700 shares of the stock in a transaction on Friday, December 8th. The stock was sold at an average price of $38.09, for a total transaction of $140,933.00. Following the transaction, the director now owns 20,200 shares in the company, valued at approximately $769,418. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Steven Spinner sold 4,000 shares of the stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $32.00, for a total value of $128,000.00. Following the transaction, the director now owns 24,700 shares in the company, valued at approximately $790,400. The disclosure for this sale can be found here. Insiders have sold a total of 13,853 shares of company stock valued at $499,794 in the last ninety days. Insiders own 0.97% of the company’s stock.
ArcBest Corporation is a holding company of businesses providing integrated logistics solutions. The Company operates through three segments: Asset-Based, which consists of ABF Freight System, Inc and other subsidiaries; ArcBest, which represents the consolidation of the operations of the Premium Logistics, Transportation Management and Household Goods Moving Services segments, and FleetNet, which includes the results of operations of FleetNet America, Inc (FleetNet).
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