Cowen & Co. analyst Jason Seidl maintained a Buy rating on ArcBest (NASDAQ:ARCB) Corporation on Tuesday, setting a price target of $72, which is approximately 0.41% below the present share price of $72.3.
Seidl expects ArcBest Corporation to post earnings per share (EPS) of $0.94 for the first quarter of 2021.
The current consensus among 6 TipRanks analysts is for a Strong Buy rating of shares in ArcBest, with an average price target of $71.5.
The analysts price targets range from a high of $100 to a low of $55.
In its latest earnings report, released on 12/31/2020, the company reported a quarterly revenue of $816.41 million and a net profit of $30.25 million. The company's market cap is $1.84 billion.
According to TipRanks.com, Cowen & Co. analyst Jason Seidl is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 25.6% and a 78.45% success rate.
ArcBest Corp. is a holding company which engages in the provision of freight transportation services and solutions. It operates through the following business segments: Asset-Based, ArcBest, and FleetNet. The Asset-Based segment includes national, inter-regional, and regional transportation of general commodities through standard, expedited, and guaranteed less-than-truckload services. The ArcBest segment refers to the operations of the company's expedite, truckload, and truckload-dedicated businesses as well as its premium logistics services; international freight transportation with air, ocean, and ground service offerings. The FleetNet segment covers the operations of FleetNet America, Inc., and certain other subsidiaries that provide roadside assistance and maintenance management services for commercial vehicles through a network of third-party service providers. The company was founded in 1966 and is headquartered in Fort Smith, AR.