23 Jun Analysts Anticipate P.A.M. Transportation Services, Inc. (N…
Shares of P.A.M. Transportation Services, Inc. (NASDAQ:PTSI) have been assigned an average broker rating score of 3.00 (Hold) from the one analysts that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation.
Brokers have set a 1-year consensus target price of $55.00 for the company and are anticipating that the company will post $1.24 earnings per share for the current quarter, according to Zacks. Zacks has also given P.A.M. Transportation Services an industry rank of 218 out of 256 based on the ratings given to related companies.
Several brokerages recently weighed in on PTSI. BidaskClub raised P.A.M. Transportation Services from a “sell” rating to a “hold” rating in a research note on Saturday, June 1st. Stifel Nicolaus began coverage on P.A.M. Transportation Services in a research note on Tuesday, April 23rd. They set a “hold” rating and a $58.00 target price for the company. Finally, ValuEngine raised P.A.M. Transportation Services from a “hold” rating to a “buy” rating in a research note on Wednesday, May 1st.
A number of hedge funds have recently made changes to their positions in the stock. Pacific Ridge Capital Partners LLC lifted its stake in P.A.M. Transportation Services by 16.7% during the 1st quarter. Pacific Ridge Capital Partners LLC now owns 131,867 shares of the transportation company’s stock valued at $6,454,000 after acquiring an additional 18,850 shares during the period. SG Americas Securities LLC acquired a new stake in P.A.M. Transportation Services during the 1st quarter valued at approximately $127,000. Dimensional Fund Advisors LP lifted its stake in P.A.M. Transportation Services by 3.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 389,326 shares of the transportation company’s stock valued at $15,343,000 after acquiring an additional 11,495 shares during the period. Bank of America Corp DE lifted its stake in P.A.M. Transportation Services by 353.6% during the 4th quarter. Bank of America Corp DE now owns 2,563 shares of the transportation company’s stock valued at $101,000 after acquiring an additional 1,998 shares during the period. Finally, Geode Capital Management LLC lifted its stake in P.A.M. Transportation Services by 3.9% during the 4th quarter. Geode Capital Management LLC now owns 26,058 shares of the transportation company’s stock valued at $1,026,000 after acquiring an additional 988 shares during the period. 26.43% of the stock is owned by institutional investors and hedge funds.
NASDAQ:PTSI opened at $57.50 on Friday. P.A.M. Transportation Services has a 1 year low of $34.31 and a 1 year high of $70.00. The firm has a market capitalization of $346.68 million, a PE ratio of 12.47 and a beta of 1.51. The company has a quick ratio of 1.07, a current ratio of 1.08 and a debt-to-equity ratio of 1.00.
P.A.M. Transportation Services (NASDAQ:PTSI) last released its quarterly earnings results on Monday, April 15th. The transportation company reported $0.99 earnings per share (EPS) for the quarter. P.A.M. Transportation Services had a return on equity of 23.54% and a net margin of 5.70%. The company had revenue of $128.69 million during the quarter. As a group, sell-side analysts predict that P.A.M. Transportation Services will post 5.51 earnings per share for the current 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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