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 分析師 J. Bruce Chan 重申了買入評級 ArcBest 公司 納斯達克股票代碼：ARCB），將目標股價從125美元上調至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很可能會從業內同行清算帶來的貨運湧入中獲益 黃色公司 納斯達克股票代碼：YELL），這看起來迫在眉睫。
ARCB recently reported Q2 results, which were well below the Street consensus.
ARCB最近公佈了第二季度的業績，遠低於華爾街的共識。
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.
儘管收入大致持平，但ABF——該公司的零擔運輸（LTL）部門——的業績是罪魁禍首。分析師指出，盈利能力明顯降低，利潤率比預期低280個基點。
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最近採用了 “動態定價” 的運費策略，引入收益率較低的現貨運費，以便在最終復甦之前保持運力。
LTL industry tailwinds should help earnings growth and margin expansion for ARCB, the analyst notes.
分析師指出，零擔行業的利好因素應有助於ARCB的收益增長和利潤率的擴大。
In fact, ARCB shares look attractive relative to peers for a company that generates cash.
實際上，對於一家產生現金的公司來說，與同行相比，ARCB的股票看起來很有吸引力。
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.
陳將該公司對2023年和2024年的每股收益假設分別從7.70美元和10.00美元下調至6.40美元和9.60美元，在Yellow的命運正式公佈之前，部分上行空間將融入倍數。
Related: What In The World Is Going On With Yellow Corp (YELL) Stock?
相關: Yellow Corp (YELL) 股票到底怎麼了？
Price Action: ARCB shares are trading higher by 0.85% to $117.31 on the last check Tuesday.
價格走勢： 週二最後一次支票顯示，ARCB股價上漲0.85％，至117.31美元。