Goldman Sachs Reiterates Buy Rating on ArcBest Corporation
ArcBest Corporation maintains a Buy rating from Goldman Sachs, targeting $165, a 9.49% upside from the current price.
Key Points
- Goldman Sachs reiterated its Buy rating on ArcBest Corporation (ARCB) with a price target of $165 on June 23, 2026.
- Goldman Sachs's $165 price target implies 9.49% upside from ArcBest Corporation's ($ARCB) current $150.69 share price.
- Shares of ARCB traded near $145.95 on Tuesday, with a market cap of approximately $3.24 billion and a P/E ratio of 59.67.
- Insider activity shows recent sales by top executives, while institutional investors like FMR LLC increased their positions significantly.
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ArcBest Corporation (NasdaqGS: ARCB) received a reaffirmed Buy rating from Goldman Sachs on June 23, 2026. Analyst Jordan Alliger set a price target of $165 for the integrated logistics company. ArcBest shares traded near $145.95 on Tuesday.
Goldman Sachs vs. the S&P 500
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ArcBest Corporation Stock Up 10.4%
Shares of ArcBest Corporation traded around $145.95 on Tuesday. The company has a market cap of about $3.24 billion and a P/E ratio of 59.67. Its forward P/E is 17.14, and the stock's beta is 1.581, indicating higher volatility compared to the market. Over the past year, the stock has ranged from $59.43 to $176.69. ArcBest's 50-day moving average is $130.66, while the 200-day moving average is $94.03. The company has a current ratio of 0.93 and a quick ratio of 0.78, with a debt-to-equity ratio of 35.76.
$ARCB price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
ArcBest reported revenue of approximately $4.04 billion, reflecting a growth rate of 3.3%. The company's net margin stands at 1.38%, and return on equity is 4.33%. ArcBest's earnings per share (EPS) is $2.44. The next earnings report is expected on July 29, 2026.
Dividend
ArcBest offers an annual dividend rate of $0.48, yielding 0.33%. The dividend payout ratio is 19.67%.
Insider Buying and Selling at ArcBest Corporation
On May 7, 2026, several ArcBest executives sold shares of the company. President and CEO Seth Runser sold 219 shares, while Chief Human Resources Officer Erin Gattis sold 144 shares. President of ABF Freight, Matthew Godfrey, sold 109 shares. These transactions were not under a 10b5-1 plan.
Analysts Set New Price Targets
On June 23, 2026, Goldman Sachs maintained a Buy rating for ArcBest with a $165 target. Previously, Citigroup maintained a Buy rating with a $202 target on June 15, 2026. TD Cowen and JP Morgan both maintained Hold ratings, with targets of $175 and $147 respectively.
About ArcBest Corporation
ArcBest Corporation, headquartered in Fort Smith, Arkansas, is an integrated logistics company offering a range of transportation solutions. It operates in two segments: Asset-Based and Asset-Light. The company provides less-than-truckload (LTL) services and motor carrier freight transportation. Under its Asset-Light segment, ArcBest offers ground expedite services, third-party transportation brokerage, and international freight transportation. Founded in 1923, ArcBest employs around 14,000 people and is led by CEO Seth K. Runser.
Bottom Line
Goldman Sachs' reiterated Buy rating on ArcBest Corporation highlights continued confidence in the company's growth prospects. Investors keep a close eye on analyst ratings as they can influence stock performance. It's important to remember that these ratings are based on past data and may not reflect future performance.
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