Zacks: P.A.M. Transportation Services, Inc. (NASDAQ:PTSI) Receives Consensus Rating of “Hold” from Brokerages

P.A.M. Transportation Services, Inc. (NASDAQ:PTSI) has been assigned a consensus broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating.

Analysts have set a 1-year consensus price objective of $55.00 for the company and are anticipating that the company will post $1.24 EPS for the current quarter, according to Zacks. Zacks has also given P.A.M. Transportation Services an industry rank of 231 out of 256 based on the ratings given to its competitors.

PTSI has been the topic of several research analyst reports. BidaskClub lowered shares of P.A.M. Transportation Services from a “hold” rating to a “sell” rating in a research report on Friday, May 10th. Stifel Nicolaus initiated coverage on shares of P.A.M. Transportation Services in a research report on Tuesday, April 23rd. They issued a “hold” rating and a $58.00 price objective on the stock. Finally, ValuEngine raised shares of P.A.M. Transportation Services from a “hold” rating to a “buy” rating in a research report on Wednesday, May 1st.

Institutional investors and hedge funds have recently modified their holdings of the company. Bank of America Corp DE increased its position in P.A.M. Transportation Services by 353.6% during the fourth quarter. Bank of America Corp DE now owns 2,563 shares of the transportation company’s stock worth $101,000 after acquiring an additional 1,998 shares during the period. SG Americas Securities LLC bought a new position in P.A.M. Transportation Services during the first quarter worth about $127,000. TIAA CREF Investment Management LLC bought a new position in P.A.M. Transportation Services during the third quarter worth about $209,000. Geode Capital Management LLC increased its position in P.A.M. Transportation Services by 3.9% during the fourth quarter. Geode Capital Management LLC now owns 26,058 shares of the transportation company’s stock worth $1,026,000 after acquiring an additional 988 shares during the period. Finally, Bank of New York Mellon Corp increased its position in P.A.M. Transportation Services by 26.3% during the fourth quarter. Bank of New York Mellon Corp now owns 32,938 shares of the transportation company’s stock worth $1,298,000 after acquiring an additional 6,857 shares during the period. 26.43% of the stock is currently owned by institutional investors.

Shares of PTSI traded up $3.40 during trading hours on Friday, hitting $62.00. The company had a trading volume of 29,875 shares, compared to its average volume of 4,082. The stock has a market capitalization of $367.04 million, a price-to-earnings ratio of 13.45 and a beta of 1.51. The stock has a fifty day moving average price of $56.38. P.A.M. Transportation Services has a 12 month low of $34.31 and a 12 month high of $70.00. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.07 and a current ratio of 1.08.

P.A.M. Transportation Services (NASDAQ:PTSI) last issued its quarterly earnings data on Monday, April 15th. The transportation company reported $0.99 earnings per share for the quarter. The company had revenue of $128.69 million for the quarter. P.A.M. Transportation Services had a net margin of 5.70% and a return on equity of 23.54%. On average, sell-side analysts forecast that P.A.M. Transportation Services will post 5.51 earnings per share for the current fiscal year.

About P.A.M. Transportation Services

P.A.M. Transportation Services, Inc, through its subsidiaries, operates as a truckload transportation and logistics company in the United States, Mexico, and Canada. The company is involved in the transportation of general commodities. Its freight primarily consists of automotive parts; expedited goods; consumer goods, including general retail store merchandise; and manufactured goods, such as heating and air conditioning units.

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