ARC Document Solutions (NYSE:ARC) had its target price increased by equities research analysts at B. Riley from $3.25 to $3.50 in a research report issued to clients and investors on Thursday. The firm presently has a “buy” rating on the business services provider’s stock. B. Riley’s target price points to a potential upside of 21.95% from the stock’s previous close.
Several other brokerages have also recently commented on ARC. ValuEngine upgraded shares of ARC Document Solutions from a “strong sell” rating to a “sell” rating in a research report on Monday, July 16th. Zacks Investment Research upgraded shares of ARC Document Solutions from a “hold” rating to a “buy” rating and set a $2.75 price target for the company in a research report on Tuesday, July 31st.
Shares of NYSE ARC traded up $0.58 during trading on Thursday, reaching $2.87. The company had a trading volume of 2,425 shares, compared to its average volume of 133,385. ARC Document Solutions has a 52 week low of $1.62 and a 52 week high of $3.59. The company has a market cap of $104.13 million, a PE ratio of 18.53 and a beta of 2.08. The company has a current ratio of 1.48, a quick ratio of 1.24 and a debt-to-equity ratio of 0.81.
About ARC Document Solutions
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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