Brokerages Set ARC Document Solutions Inc (ARC) Price Target at $4.63

Shares of ARC Document Solutions Inc (NYSE:ARC) have been given an average recommendation of “Hold” by the six analysts that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a strong buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $4.63.

Several brokerages have issued reports on ARC. ValuEngine lowered shares of ARC Document Solutions from a “buy” rating to a “hold” rating in a research note on Thursday, November 2nd. B. Riley reiterated a “buy” rating and issued a $5.25 price target on shares of ARC Document Solutions in a research note on Monday, October 30th. Zacks Investment Research lowered shares of ARC Document Solutions from a “hold” rating to a “sell” rating in a research note on Friday, November 3rd. TheStreet lowered shares of ARC Document Solutions from a “c-” rating to a “d+” rating in a research note on Friday, November 17th. Finally, FBR & Co lowered shares of ARC Document Solutions from a “buy” rating to a “neutral” rating and lifted their price target for the company from $4.00 to $5.25 in a research note on Thursday, November 2nd.

Shares of ARC Document Solutions (ARC) traded down $0.07 during mid-day trading on Friday, reaching $2.15. 85,807 shares of the company’s stock traded hands, compared to its average volume of 167,528. The company has a quick ratio of 1.34, a current ratio of 1.61 and a debt-to-equity ratio of 0.85. ARC Document Solutions has a 12-month low of $2.10 and a 12-month high of $4.84. The firm has a market cap of $101.74, a price-to-earnings ratio of -15.86 and a beta of 2.28.

In other ARC Document Solutions news, Director Mark W. Mealy sold 22,000 shares of ARC Document Solutions stock in a transaction on Thursday, December 21st. The shares were sold at an average price of $2.71, for a total value of $59,620.00. Following the sale, the director now directly owns 116,538 shares in the company, valued at approximately $315,817.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 14.93% of the stock is currently owned by insiders.

Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. increased its stake in shares of ARC Document Solutions by 6.4% during the 4th quarter. BlackRock Inc. now owns 5,478,276 shares of the business services provider’s stock worth $13,969,000 after purchasing an additional 327,779 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of ARC Document Solutions by 5.8% during the 4th quarter. Renaissance Technologies LLC now owns 2,861,800 shares of the business services provider’s stock worth $7,298,000 after purchasing an additional 156,400 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of ARC Document Solutions by 3.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,202,841 shares of the business services provider’s stock worth $9,164,000 after purchasing an additional 80,216 shares during the last quarter. Boston Partners increased its stake in shares of ARC Document Solutions by 6.3% during the 3rd quarter. Boston Partners now owns 1,540,913 shares of the business services provider’s stock worth $6,302,000 after purchasing an additional 91,010 shares during the last quarter. Finally, Pacific Ridge Capital Partners LLC increased its stake in shares of ARC Document Solutions by 3.2% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 740,911 shares of the business services provider’s stock worth $1,889,000 after purchasing an additional 22,930 shares during the last quarter. Institutional investors own 71.03% of the company’s stock.

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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.

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