Stock To Watch: ArcBest Corporation (NASDAQ:ARCB)


The leading market experts have placed a mean price target of $21.60 on ArcBest Corporation (NASDAQ:ARCB) stock. This price level, which is estimated to be attained in one-year indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.60 a share for the upcoming quarter and $1.15 for the current fiscal. Technical View The technical analysis of ArcBest Corporation plainly substantiates that the 50-day moving average of ArcBest Corporation is $16.66, and stock is hovering -0.87 or -5.20% distant from $16.66. It is noted that the 200-day MA is $19.42, and ArcBest Corporation stock is $-3.63 or -18.71% off from this point. ArcBest Corporation (NASDAQ:ARCB) 52-week high is $34.97 and the 52-week low is $14.85. This explains if the stock moves $-19.18, it will post a 52-week high. In event of $+6.33% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of ArcBest Corporation, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, ArcBest Corporation (NASDAQ:ARCB) ratio came in at 11.11. The stock last ended the trading session at $15.79 and registered a market cap of $406.37M. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. ArcBest Corporation (NASDAQ:ARCB) PEG ratio is at 1.48.

1 Chart Pattern Every Investor Should Know

This little-known pattern preceded moves of 578% in ARWR, 562% in LCI, 513% in ICPT, 439% in EGRX, 408% in ADDUS and more...

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