ARC Document Solutions (ARC) Price Target Increased to $3.50 by Analysts at B. Riley

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.

Large investors have recently modified their holdings of the company. Engineers Gate Manager LP acquired a new stake in shares of ARC Document Solutions during the 3rd quarter worth approximately $120,000. O Shaughnessy Asset Management LLC grew its position in shares of ARC Document Solutions by 146.3% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 43,862 shares of the business services provider’s stock worth $125,000 after buying an additional 26,054 shares during the period. California Public Employees Retirement System grew its position in shares of ARC Document Solutions by 91.5% during the 1st quarter. California Public Employees Retirement System now owns 65,893 shares of the business services provider’s stock worth $145,000 after buying an additional 31,493 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of ARC Document Solutions by 180.7% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 87,300 shares of the business services provider’s stock worth $155,000 after buying an additional 56,200 shares during the period. Finally, LMR Partners LLP acquired a new stake in shares of ARC Document Solutions during the 2nd quarter worth approximately $219,000. Institutional investors own 61.20% of the company’s stock.

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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