ArcBest Set For Growth Amid Industry Changes: Analyst Raises Price Target
ArcBest Set For Growth Amid Industry Changes: Analyst Raises Price Target
Stifel analyst J. Bruce Chan reiterates a Buy rating on ArcBest Corporation (NASDAQ:ARCB), raising the price target to $134 from $125.
Stifel 分析师 J. Bruce Chan 重申了买入评级 ArcBest 公司 纳斯达克股票代码：ARCB），将目标股价从125美元上调至134美元。
ArcBest is likely to gain from the influx of freight from the liquidation of industry peer Yellow Corporation (NASDAQ:YELL), which looks imminent.
ArcBest很可能会从业内同行清算带来的货运涌入中获益 黄色公司 纳斯达克股票代码：YELL），这看起来迫在眉睫。
ARCB recently reported Q2 results, which were well below the Street consensus.
ARCB最近公布了第二季度的业绩，远低于华尔街的共识。
Results in ABF—the company's Less-than-Truckload (LTL) unit—were the primary culprit, even though revenue was roughly in-line. The analyst notes that profitability was meaningfully lower, with a 280bp worse margin than expected.
尽管收入大致持平，但ABF——该公司的零担运输（LTL）部门——的业绩是罪魁祸首。分析师指出，盈利能力明显降低，利润率比预期低280个基点。
However, ArcBest recently employed a "dynamic pricing" freight strategy, onboarding lower-yield spot freight to preserve capacity ahead of an eventual recovery.
但是，ArcBest最近采用了 “动态定价” 的运费策略，引入收益率较低的现货运费，以便在最终复苏之前保持运力。
LTL industry tailwinds should help earnings growth and margin expansion for ARCB, the analyst notes.
分析师指出，零担行业的利好因素应有助于ARCB的收益增长和利润率的扩大。
In fact, ARCB shares look attractive relative to peers for a company that generates cash.
实际上，对于一家产生现金的公司来说，与同行相比，ARCB的股票看起来很有吸引力。
Chan tempered the company's EPS assumptions for 2023 and 2024 from $7.70 and $10.00 to $6.40 and $9.60, respectively, with some of the upside being baked into the multiple until Yellow's fate becomes official.
陈将该公司对2023年和2024年的每股收益假设分别从7.70美元和10.00美元下调至6.40美元和9.60美元，在Yellow的命运正式公布之前，部分上行空间将融入倍数。
Related: What In The World Is Going On With Yellow Corp (YELL) Stock?
相关: Yellow Corp (YELL) 股票到底怎么了？
Price Action: ARCB shares are trading higher by 0.85% to $117.31 on the last check Tuesday.
价格走势： 周二最后一次支票显示，ARCB股价上涨0.85％，至117.31美元。