Proficient Auto Logistics (NASDAQ:PAL) Downgraded by Wall Street Zen to “Sell”

Wall Street Zen downgraded shares of Proficient Auto Logistics (NASDAQ:PAL) from a hold rating to a sell rating in a report released on Saturday morning,Wall Street Zen reports.

PAL has been the topic of a number of other reports. Zacks Research downgraded shares of Proficient Auto Logistics from a “hold” rating to a “strong sell” rating in a report on Monday, October 12th. Barrington Research dropped their price objective on shares of Proficient Auto Logistics from $12.00 to $9.00 and set an “outperform” rating for the company in a report on Friday. Weiss Ratings lowered Proficient Auto Logistics from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday. Stifel Nicolaus reduced their target price on Proficient Auto Logistics from $10.00 to $9.00 and set a “buy” rating on the stock in a report on Friday. Finally, Raymond James Financial set a $9.00 target price on Proficient Auto Logistics in a report on Thursday, October 15th. Two analysts have rated the stock with a Buy rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Proficient Auto Logistics has a consensus rating of “Hold” and a consensus price target of $9.00.

Proficient Auto Logistics Price Performance

NASDAQ PAL traded down $0.44 during trading hours on Friday, reaching $2.62. The company’s stock had a trading volume of 1,605,138 shares, compared to its average volume of 590,359. The company has a market capitalization of $73.49 million, a price-to-earnings ratio of -1.59 and a beta of 1.44. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.17. Proficient Auto Logistics has a 1 year low of $2.35 and a 1 year high of $10.97. The firm’s 50-day moving average price is $3.51 and its 200-day moving average price is $6.00.

Proficient Auto Logistics (NASDAQ:PAL) last released its earnings results on Thursday, November 12th. The company reported ($0.35) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.41). Proficient Auto Logistics had a negative return on equity of 2.70% and a negative net margin of 10.06%. The company had revenue of $148.97 million during the quarter, compared to analysts’ expectations of $155.03 million. On average, equities research analysts predict that Proficient Auto Logistics will post -0.18 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in PAL. BlackRock Inc. purchased a new position in Proficient Auto Logistics in the second quarter worth about $11,013,000. Royce & Associates LP raised its position in Proficient Auto Logistics by 31.9% during the third quarter. Royce & Associates LP now owns 1,419,584 shares of the company’s stock valued at $4,954,000 after purchasing an additional 343,616 shares during the period. Marshall Wace LLP raised its position in Proficient Auto Logistics by 405.7% during the third quarter. Marshall Wace LLP now owns 1,161,146 shares of the company’s stock valued at $4,052,000 after purchasing an additional 931,541 shares during the period. Diamond Hill Capital Management LLC Investment Advisor bought a new stake in shares of Proficient Auto Logistics in the 2nd quarter valued at approximately $7,322,000. Finally, De Lisle Partners LLP bought a new stake in shares of Proficient Auto Logistics in the 2nd quarter valued at approximately $3,914,000.

Key Proficient Auto Logistics News

Here’s some of the latest news about PAL:

• Positive Sentiment: Management raised its estimate of annual Hansen & Adkins integration synergies to $20 million–$30 million, from an initial $6 million–$10 million, and said integration remains on schedule for substantial completion by the end of Q1 2027. Q3 results and integration update
• Negative Sentiment: PAL reported a Q3 loss of $0.35 per share, versus analysts’ expected $0.06 loss, while revenue of $149.0 million also came in below the $155.0 million consensus. Net loss widened to $9.9 million from $3.0 million a year earlier. Q3 loss and revenue miss
• Negative Sentiment: Profitability deteriorated: adjusted operating income fell to $0.3 million from $4.2 million, and the adjusted operating ratio worsened to 99.8% from 96.3%. PAL cited elevated costs and fuel-surcharge under-recovery; it ended the quarter with $140.6 million of senior secured debt and $11.8 million in cash. Q3 operating performance and balance sheet

About Proficient Auto Logistics

Proficient Auto Logistics is a vehicle transportation and logistics company that moves finished automobiles for manufacturers, dealerships, rental car companies and other customers. Its services include hauling vehicles on specialized car-carrier trucks and coordinating transportation through logistics operations. The company serves customers across the United States, combining regional auto-transport businesses into a broader network. Proficient Auto Logistics began operating as a public company in 2024 following a business combination with FAST Acquisition Corp. and the consolidation of several auto-transport companies.