Analysts Set ARC Document Solutions Inc (ARC) Target Price at $4.63
ARC Document Solutions Inc (NYSE:ARC) has received an average rating of “Hold” from the six analysts that are covering the stock, MarketBeat reports. Four analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $4.63.
ARC has been the subject of a number of research analyst reports. B. Riley reiterated a “buy” rating and set a $5.25 price target on shares of ARC Document Solutions in a report on Monday, October 30th. TheStreet cut ARC Document Solutions from a “c-” rating to a “d+” rating in a report on Friday, November 17th. Zacks Investment Research upgraded ARC Document Solutions from a “sell” rating to a “hold” rating in a report on Tuesday, January 2nd. ValuEngine cut ARC Document Solutions from a “buy” rating to a “hold” rating in a report on Thursday, November 2nd. Finally, FBR & Co cut ARC Document Solutions from a “buy” rating to a “neutral” rating and increased their price target for the stock from $4.00 to $5.25 in a report on Thursday, November 2nd.
In other news, Director Mark W. Mealy sold 22,000 shares of the stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $2.71, for a total transaction of $59,620.00. Following the completion of the transaction, the director now directly owns 116,538 shares in the company, valued at approximately $315,817.98. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over the last quarter, insiders have bought 3,766 shares of company stock valued at $8,802. Company insiders own 14.93% of the company’s stock.
Shares of ARC Document Solutions (NYSE ARC) traded up $0.01 during trading hours on Wednesday, reaching $2.40. The company’s stock had a trading volume of 178,531 shares, compared to its average volume of 142,420. The company has a current ratio of 1.61, a quick ratio of 1.34 and a debt-to-equity ratio of 0.85. The stock has a market cap of $111.03, a PE ratio of -17.14 and a beta of 2.30. ARC Document Solutions has a 12 month low of $2.30 and a 12 month high of $5.07.
ARC Document Solutions (NYSE:ARC) last issued its earnings results on Wednesday, November 1st. The business services provider reported $0.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.03). The company had revenue of $96.50 million during the quarter, compared to analysts’ expectations of $98.24 million. ARC Document Solutions had a negative net margin of 1.70% and a positive return on equity of 5.35%. The firm’s quarterly revenue was down 3.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.07 earnings per share. analysts predict that ARC Document Solutions will post 0.13 EPS for the current year.
COPYRIGHT VIOLATION WARNING: This news story was first posted by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are viewing this news story on another domain, it was illegally stolen and reposted in violation of US and international copyright and trademark legislation. The correct version of this news story can be accessed at https://theolympiareport.com/2018/01/20/analysts-set-arc-document-solutions-inc-arc-target-price-at-4-63.html.
About ARC Document Solutions
ARC Document Solutions, Inc (ARC) is a document solutions provider for the architectural, engineering and construction (AEC) industry. The Company also provides document solutions to businesses of various types. ARC’s offerings include managed print services (MPS), offsite services, archive and information management (AIM), specialized color printing, Web-based document management applications, digital shipping/managed file transfer, and equipment and supplies sales.
Receive News & Ratings for ARC Document Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ARC Document Solutions and related companies with MarketBeat.com's FREE daily email newsletter.