Stock To Watch: ArcBest Corporation (NASDAQ:ARCB)


The leading market experts have placed a mean price target of $19.50 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 $0.26 a share for the upcoming quarter and $0.90 for the current fiscal.

Technical View

The technical analysis of ArcBest Corporation plainly substantiates that the 50-day moving average of ArcBest Corporation is $17.26, and stock is trading $0.07 points away or +0.38% from its 50-day moving average of $17.26. Further it is trading $-1.57 or -8.28% away its 200-day moving average of $18.90. ArcBest Corporation (NASDAQ:ARCB) 52-week high is $33.01 and the 52-week low is $14.85.

This explains if the stock moves $-15.68, it will post a 52-week high. In event of +16.70% 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 16.26.

The stock last ended the trading session at $17.33 and registered a market cap of $446.23M. 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 2.24.

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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