Proficient Auto Logistics, Inc.’s (NASDAQ:PAL) Quiet Period Will End on June 18th

Proficient Auto Logistics’ (NASDAQ:PALGet Free Report) quiet period is set to end on Tuesday, June 18th. Proficient Auto Logistics had issued 14,333,333 shares in its IPO on May 9th. The total size of the offering was $214,999,995 based on an initial share price of $15.00. During Proficient Auto Logistics’ quiet period, insiders and any underwriters involved in the IPO are prevented from issuing any earnings forecasts or research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the end of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Raymond James started coverage on Proficient Auto Logistics in a research report on Monday, June 3rd. They issued an “outperform” rating and a $18.00 target price on the stock. Stifel Nicolaus initiated coverage on Proficient Auto Logistics in a research note on Monday, June 3rd. They set a “buy” rating and a $19.00 price objective on the stock. Finally, William Blair assumed coverage on Proficient Auto Logistics in a report on Monday, June 3rd. They issued an “outperform” rating for the company.

View Our Latest Report on PAL

Proficient Auto Logistics Stock Down 1.2 %

Shares of PAL stock opened at $15.06 on Tuesday. Proficient Auto Logistics has a 52-week low of $14.57 and a 52-week high of $15.42.

About Proficient Auto Logistics

(Get Free Report)

Proficient Auto Logistics, Inc focuses on providing auto transportation and logistics services in North America. It primarily focuses on transporting and delivering finished vehicles from automotive production facilities, ports of entry, and rail yards to a network of automotive dealerships. The company operates approximately 1,130 auto transport vehicles and trailers, including 615 company-owned transport vehicles and trailers.

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