Analyst Jason Seidl of TD Cowen reiterated a Hold rating on ArcBest, boosting the price target to $73.00.
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Jason Seidl has given his Hold rating due to a combination of factors influencing ArcBest’s financial outlook. Although the company has shown better-than-expected tonnage trends for the quarter-to-date, the revenue per hundredweight was below prior forecasts, indicating some challenges in pricing power or market conditions.
Despite these mixed results, there is a slight increase in the earnings per share estimate for 2026, which has led to a minor adjustment in the price target from $72.00 to $73.00. The Hold rating suggests that while there are positive aspects, such as improved tonnage, the overall market environment and core industrial demand remain weak, warranting a cautious stance.
Based on the recent corporate insider activity of 49 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ARCB in relation to earlier this year.