ARC Document Solutions (ARC) PT Raised to $3.50
ARC Document Solutions (NYSE:ARC) had its price objective hoisted by investment analysts at B. Riley from $3.25 to $3.50 in a research note issued on Thursday, MarketBeat reports. The firm currently has a “buy” rating on the business services provider’s stock. B. Riley’s price objective suggests a potential upside of 23.24% from the company’s previous close. B. Riley also issued estimates for ARC Document Solutions’ FY2018 earnings at $0.17 EPS, Q1 2019 earnings at $0.03 EPS, Q2 2019 earnings at $0.10 EPS, Q3 2019 earnings at $0.04 EPS, Q4 2019 earnings at $0.02 EPS and FY2019 earnings at $0.18 EPS.
Several other research firms also recently commented on ARC. ValuEngine raised shares of ARC Document Solutions from a “sell” rating to a “hold” rating in a report on Monday, August 13th. Zacks Investment Research cut shares of ARC Document Solutions from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 1st.
Shares of ARC stock traded up $0.08 during mid-day trading on Thursday, hitting $2.84. The company had a trading volume of 445,628 shares, compared to its average volume of 129,740. ARC Document Solutions has a 52-week low of $1.62 and a 52-week high of $3.59. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.24 and a current ratio of 1.48. The company has a market capitalization of $104.59 million, a PE ratio of 18.93 and a beta of 2.08.
ARC Document Solutions Company Profile
ARC Document Solutions, Inc, a reprographics company, provides document solutions worldwide. It offers managed print services, an onsite service that places, manages, and optimizes print and imaging equipment in customers' offices, job sites, and other facilities; and operates 175 offsite service centers, which offers managed print service customers with the flexibility and overflow capacity during peak workloads.
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