ARCB ArcBest Corp

Bank of America has raised its price target for ArcBest (NASDAQ:ARCB) from $72 to $84, maintaining a "neutral" rating and suggesting an 8.12% upside. This comes as ArcBest recently surpassed earnings expectations, reporting an EPS of $1.46 against an estimated $1.37, though quarterly revenue saw a slight year-over-year decrease. The consensus among analysts is a "Hold" with an average price target of $86, reflecting mixed sentiment.

ArcBest Corporation (NASDAQ:ARCB) recently experienced a 27% share price increase, yet its P/E ratio of 18.4x is merely average compared to the U.S. market's 19x, despite a 22% drop over the last year. The company's earnings have decreased by 48% in the past year and 67% over three years, with future estimates suggesting only 0.1% growth, significantly trailing the market's predicted 16%. This disparity between a mediocre P/E and weak earnings growth suggests investors might be overlooking fundamental performance indicators.

ArcBest Corporation (NASDAQ:ARCB) recently saw a 27% share price surge, yet the stock is still down 22% over the last twelve months. The company's P/E ratio of 18.4x is comparable to the market median, but its earnings have decreased significantly over the past year and three years. Analysts predict only 0.1% earnings growth for ArcBest in the next year, considerably lower than the market's expected 16%, suggesting that the current P/E might not be sustainable given the limited growth expectations.

ArcBest Corporation (NASDAQ:ARCB) recently saw a 27% share price surge, yet its stock is still down 22% over the last year. Despite a P/E ratio similar to the market average, the company's earnings have decreased by 48% in the past year and are projected to grow by only 0.1% next year, significantly trailing the broader market's anticipated 16% growth. This discrepancy suggests that investors might be overlooking the company's weak earnings performance and limited growth expectations.

Stifel raised its price target on ArcBest Corp (NASDAQ:ARCB) to $85.00 from $73.00, maintaining a Buy rating due to the company's stable labor costs and sound financial footing. The firm notes ArcBest's new labor contract secures its cost structure for five years, providing an advantage over competitors. Despite potential short-term headwinds from its asset-light division, Stifel considers ArcBest shares "very attractive" given its clean balance sheet and cash generation.

Stifel raised its price target on ArcBest Corp (NASDAQ:ARCB) to $85 from $73, maintaining a Buy rating, citing the company's financial stability due to its new labor contract and attractive valuation compared to peers. Despite a strong weekly return, the stock is down year-to-date. ArcBest faces challenges from its asset-light division and mixed analyst perspectives following its recent earnings report.