Several other equities analysts have also recently weighed in on the company. Zacks Investment Research upgraded P.A.M. Transportation Services from a “hold” rating to a “strong-buy” rating and set a $44.00 price target for the company in a research report on Friday, October 30th. ValuEngine lowered P.A.M. Transportation Services from a “buy” rating to a “hold” rating in a report on Tuesday, December 1st. One equities research analyst has rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $41.50.
PTSI opened at $50.50 on Friday. The firm has a 50-day moving average price of $45.94 and a 200-day moving average price of $39.40. P.A.M. Transportation Services has a twelve month low of $22.00 and a twelve month high of $58.62. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 1.28. The company has a market capitalization of $289.57 million, a price-to-earnings ratio of -29.71 and a beta of 1.70.
P.A.M. Transportation Services (NASDAQ:PTSI) last released its quarterly earnings data on Tuesday, October 20th. The transportation company reported $1.11 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.64. P.A.M. Transportation Services had a negative net margin of 2.36% and a positive return on equity of 6.42%. The company had revenue of $121.94 million during the quarter, compared to the consensus estimate of $109.20 million. On average, sell-side analysts expect that P.A.M. Transportation Services will post 1.52 earnings per share for the current fiscal year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp raised its position in shares of P.A.M. Transportation Services by 7.8% in the second quarter. Bank of New York Mellon Corp now owns 23,432 shares of the transportation company’s stock worth $720,000 after buying an additional 1,690 shares in the last quarter. SeaCrest Wealth Management LLC purchased a new stake in shares of P.A.M. Transportation Services in the 3rd quarter valued at about $282,000. Parallel Advisors LLC bought a new stake in shares of P.A.M. Transportation Services during the 3rd quarter valued at about $41,000. Finally, Bank of America Corp DE grew its holdings in shares of P.A.M. Transportation Services by 128.3% during the second quarter. Bank of America Corp DE now owns 1,018 shares of the transportation company’s stock worth $31,000 after purchasing an additional 572 shares in the last quarter. Hedge funds and other institutional investors own 24.84% of the company’s stock.
P.A.M. Transportation Services Company Profile
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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