News stories about ArcBest (NASDAQ:ARCB) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. ArcBest earned a coverage optimism score of 0.19 on Accern’s scale. Accern also assigned news coverage about the transportation company an impact score of 46.3223396692029 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news articles that may have effected Accern Sentiment Analysis’s analysis:
- Reviewing AMERCO (UHAL) & ArcBest (ARCB) (americanbankingnews.com)
- ArcBest (ARCB) Rating Increased to Buy at ValuEngine (americanbankingnews.com)
- Tap 5 Value Stocks Sporting Enticing EV/EBITDA Ratios (finance.yahoo.com)
- Top Ranked Value Stocks to Buy for March 8th (finance.yahoo.com)
- FedEx: Insights into Its Past Dividends (finance.yahoo.com)
Shares of ArcBest (NASDAQ:ARCB) traded down $0.25 on Monday, reaching $35.15. The company’s stock had a trading volume of 91,911 shares, compared to its average volume of 334,014. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.30 and a current ratio of 1.30. The stock has a market capitalization of $907.71, a PE ratio of 15.67 and a beta of 1.73. ArcBest has a fifty-two week low of $16.95 and a fifty-two week high of $39.70.
The business also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Friday, February 9th were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date of this dividend was Thursday, February 8th. ArcBest’s payout ratio is 14.29%.
A number of analysts recently commented on ARCB shares. BidaskClub upgraded ArcBest from a “hold” rating to a “buy” rating in a research report on Saturday, December 2nd. ValuEngine upgraded ArcBest from a “hold” rating to a “buy” rating in a research report on Saturday. Zacks Investment Research upgraded ArcBest from a “hold” rating to a “buy” rating and set a $41.00 price objective for the company in a research report on Tuesday, January 16th. Stifel Nicolaus cut ArcBest from a “hold” rating to a “sell” rating and upped their price objective for the company from $27.00 to $32.00 in a research report on Wednesday, December 13th. Finally, Seaport Global Securities reiterated a “neutral” rating on shares of ArcBest in a research report on Tuesday, January 16th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $35.88.
ArcBest Company Profile
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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