ArcBest stock: buy or sell?
August 22nd, 2019
ArcBest Corporation provides freight transportation services and integrated logistics solutions worldwide. The company's Asset-Based segment transports general commodities, such as food, textiles, apparel, furniture, appliances, chemicals, nonbulk petroleum products, rubber, plastics, metal and metal products, wood, glass, automotive parts, machinery, and miscellaneous manufactured products through less-than-truckload services.
Should I buy ArcBest stock?Make a decision about when to buy or sell stocks is one of the hardest parts of being a trader or investor. Following a trading plan helps to make decisions easier, quicker and with less hesitations. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.
None of our preferred buy setups matches with ArcBest stock situation right now, hence this is not a suitable entry point.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
Is ArcBest stock a buy?
Financial institutions and banks publish stock ratings everyday.At Stocks2.com, we gathered 6 ratings published for ARCB stock in the last month.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-4-1||Wolfe Research||Underperform||Market Perform|
|2019-3-12||Bank of America||Underperform||Underperform|
ArcBest stock analysis
ArcBest shares slightly fell -1.56% to $29.11 today.
ArcBest shares slightly fell -1.56% to $29.11 today. Since price and SMA100d lines crossed up on Monday, ARCB climbed $0.73 (2.57%).
Shares of ArcBest ended this week at $29.11 and jumped a nice 2.57%. Late July ARCB climbed an astounding 5.77% in just one week.
Price pattern shows an uptrend with two rising tops and bottoms, and now trading upwards to the $31.62 resistance. Far behind is the all-time high ArcBest marked by mid September 2018 and since then the price is -42.87% below that top. Since early November 2018, when ARCB stock price broke down the 40-weeks moving avarage line, it slid $-12.06 per share (-29.29%). Stocks below the 200 days moving average line are usually not recommended for average traders.
ArcBest stock price history
ArcBest IPO was on May 13th, 1992 at $10.49 per share1. Since then, ARCB stock grew a 177.50%, with an average of 6.60% per year. If you had invested $1,000 in ArcBest stock in 1992, it would worth $1,775.00 today.
1: Adjusted price after possible price splits or reverse-splits.
ArcBest stock historical price chart
ARCB stock reached all-time highs on September with a price of $50.95.
ArcBest stock price target is $35.60Predicting the price evolution of a stock or any financial instrument in a reliable and repeatable way is probably impossible. However, many stock price predictions are published every day by banks, financial institutions and independent analysts. We do not recommend to follow these stock price predictions without a critical thinking from your side, as their accuracy is usually low. For the last 30 days we found 5 price targets for ArcBest stock:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-7-8||Morgan Stanley||Set Price Target||n/a||$36.00||-|
|2019-3-12||Bank of America||Reiterates||$45.00||$34.00||-24.4%|
Financials and fundamental analysis
Earnings date and Earnings per ShareSince May, when ArcBest posted its last earnings report, it gained a tiny 1.36%. Unfortunately, reported EPS is not yet available in our database.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsCompared to 2017, last anual turnover report draw a wonderful gain of 9.46% to $3,093.79 million USD. Nonetheless, its profit margin (compared to sales) stayed constant to 2.17%, that is $67.26 million. ArcBest fiscal year ends in December, and to compare its evolution since then, we estimate annual sales and income figures by adding results from the last 4 quarters. This is called TTM (or Twelve Trailing Months). So, ArcBest TTM sales up to were $2,393.79 and income $57.31 M dollars. If we compare this TTM figures with the last reported annuality, we can review ArcBest business evolution since December 2018: Annual revenues up to , compared to lastest yearly report, collapsed a spooky -22.63%. In contrary, profit margin (net income/revenues) stayed steady at 2.17%.
|2013||$2,300 M||-||$15 M0.7%||-|
|2014||$2,613 M||13.60%||$46 M1.8%||206.01%|
|2015||$2,667 M||2.08%||$45 M1.7%||-2.87%|
|2016||$2,700 M||1.25%||$19 M0.7%||-58.42%|
|2017||$2,826 M||4.68%||$60 M2.1%||220.21%|
|2018||$3,094 M||9.46%||$67 M2.2%||12.62%|
|TTM||$2,394 M||-22.63%||$57 M2.4%||-14.80%|
Quarterly financial resultsArcBest posted million in sales for 2019-Q1, a -100.00% less compared to previous quarter. Reported quarter earnings marked million with a profit margin of . Profit margin stayed constant a 0.00% compared to previous quarter when profit margin was 1.98%. When comparing revenues to same quarter last year, ArcBest sales marked a frightening decrease and plunged a -100.00%. Looking back to recent quarterly results, ArcBest posted 2 positive quarters in a row.
|2017-Q1||$651 M||-||$-7 M-1.1%||-|
|2017-Q2||$720 M||10.64%||$16 M2.2%||-311.73%|
|2017-Q3||$744 M||3.32%||$15 M2.0%||-5.87%|
|2017-Q4||$711 M||-4.51%||$37 M5.1%||147.28%|
|2018-Q1||$700 M||-1.51%||$10 M1.4%||-72.78%|
|2018-Q2||$793 M||13.34%||$1 M0.2%||-87.61%|
|2018-Q3||$826 M||4.14%||$41 M4.9%||3,207.06%|
|2018-Q4||$774 M||-6.28%||$15 M2.0%||-62.48%|
ArcBest ownershipWhen you are planning to buy a company, it's worth to overview its ownership structure.
Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For ArcBest, 1.52% of all outstanding shares are owned by its staff.
Bearish positions for ARCB stock account 0.00%, no big difference from last month.
The following table compares ownership indicators for other stocks related to ArcBest:
|Market cap||$742.6 M||$41.8 B||$1.8 B||$11.1 B||$13.3 B|
|Total shares||25.5 M||264.4 M||29.4 M||108.7 M||81.0 M|
|Float shares||24.8 M||240.4 M||26.2 M||84.4 M||71.2 M|
|- Institutional holdings (%)||97.1%||72.8%||98.1%||73.5%||74.2%|
|- Insider holdings (%)||1.5%||5.9%||1.3%||20.4%||12.3%|
|Shares in short selling||0.0%||0.0%||0.0%||0.0%||0.0%|
|Thursday, August 22nd, 2019|
|Day range||$28.73 - $29.76|
|Average true range||$1.10|
|50d mov avg||$27.45|
|100d mov avg||$28.44|
|200d mov avg||$32.43|
ArcBest performancePerformance as an absolute value is never valid if it's not benchmarked against competitors or related stocks in the industry. For ArcBest, the benchmark is made against FedEx, Forward Air, J.B. Hunt Transport Services, Old Dominion Freight Line, Saia, Universal Logistics and YRC Worldwide.
|JBHTJ.B. Hunt Transpo...||14.49%||-6.07%||-16.85%|
|ODFLOld Dominion Frei...||19.16%||8.79%||12.96%|