ArcBest (ARCB, $63.99) shares got downgraded by Wolfe Research
Logistics company ArcBest shares got downgraded by Wolfe Research.
Wolfe Research lowered rating on ArcBest's stock to peer perform from outperform. According to analyst Scott Group, investors should take profits following ArcBest’s six-month rally.
Group wrote that shares of ArcBest do best during periods of tonnage growth, while mentioning that LTL fundamentals are outstanding at present.
The analyst also emphasized on the sector’s wider margins and sustainable pricing power.
Momentum Indicator for ARCB turns positive, indicating new upward trend
ARCB saw its Momentum Indicator move above the 0 level on June 07, 2023. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 99 similar instances where the indicator turned positive. In of the 99 cases, the stock moved higher in the following days. The odds of a move higher are at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Moving Average Convergence Divergence (MACD) for ARCB just turned positive on June 02, 2023. Looking at past instances where ARCB's MACD turned positive, the stock continued to rise in of 43 cases over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where ARCB advanced for three days, in of 283 cases, the price rose further within the following month. The odds of a continued upward trend are .
ARCB may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Bearish Trend Analysis
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 63 cases where ARCB's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where ARCB declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for ARCB entered a downward trend on June 07, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Fundamental Analysis (Ratings)
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 71, placing this stock better than average.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.739) is normal, around the industry mean (386.932). P/E Ratio (8.913) is within average values for comparable stocks, (41.827). ARCB's Projected Growth (PEG Ratio) (0.000) is very low in comparison to the industry average of (3.031). Dividend Yield (0.005) settles around the average of (0.014) among similar stocks. P/S Ratio (0.429) is also within normal values, averaging (4.772).
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. ARCB’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a provider of freight transportation services and solutions
Industry Trucking
ARCB and
Correlation & Price change
A.I.dvisor indicates that over the last year, ARCB has been closely correlated with SAIA. These tickers have moved in lockstep 77% of the time. This A.I.-generated data suggests there is a high statistical probability that if ARCB jumps, then SAIA could also see price increases.
| Ticker / NAME | Correlation To ARCB | 1D Price Change % | ||
|---|---|---|---|---|
| ARCB | 100% | +2.58% | ||
| SAIA - ARCB | 77% Closely correlated | +0.17% | ||
| ODFL - ARCB | 74% Closely correlated | +2.85% | ||
| WERN - ARCB | 73% Closely correlated | +3.18% | ||
| TFII - ARCB | 73% Closely correlated | -1.10% | ||
| SNDR - ARCB | 72% Closely correlated | +2.30% | ||
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