Shares of P.A.M. Transportation Services, Inc. (NASDAQ:PTSI) have been assigned a consensus broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a hold rating.
Brokerages have set a 12-month consensus price objective of $60.00 for the company and are predicting that the company will post $1.36 earnings per share for the current quarter, according to Zacks. Zacks has also given P.A.M. Transportation Services an industry rank of 243 out of 255 based on the ratings given to its competitors.
A number of analysts have recently commented on the company. BidaskClub lowered P.A.M. Transportation Services from a “buy” rating to a “hold” rating in a report on Wednesday, December 25th. Zacks Investment Research upgraded P.A.M. Transportation Services from a “strong sell” rating to a “hold” rating in a report on Wednesday, December 11th. Finally, ValuEngine upgraded P.A.M. Transportation Services from a “sell” rating to a “hold” rating in a report on Tuesday, January 14th.
Shares of P.A.M. Transportation Services stock traded down $0.91 during trading on Friday, reaching $55.44. The stock had a trading volume of 1,765 shares, compared to its average volume of 4,956. The company has a market capitalization of $319.00 million, a price-to-earnings ratio of 11.95 and a beta of 1.51. The stock has a fifty day moving average price of $57.71 and a two-hundred day moving average price of $56.51. P.A.M. Transportation Services has a 52 week low of $41.82 and a 52 week high of $71.56. The company has a current ratio of 0.94, a quick ratio of 0.93 and a debt-to-equity ratio of 1.14.
Several institutional investors have recently modified their holdings of the company. Northern Trust Corp lifted its holdings in shares of P.A.M. Transportation Services by 0.7% in the second quarter. Northern Trust Corp now owns 35,163 shares of the transportation company’s stock valued at $2,180,000 after purchasing an additional 234 shares in the last quarter. First Trust Advisors LP increased its position in shares of P.A.M. Transportation Services by 8.1% in the third quarter. First Trust Advisors LP now owns 4,310 shares of the transportation company’s stock valued at $255,000 after acquiring an additional 324 shares during the last quarter. Wedge Capital Management L L P NC acquired a new stake in shares of P.A.M. Transportation Services in the fourth quarter valued at about $238,000. Finally, State Street Corp increased its position in shares of P.A.M. Transportation Services by 24.1% in the third quarter. State Street Corp now owns 24,924 shares of the transportation company’s stock valued at $1,473,000 after acquiring an additional 4,845 shares during the last quarter. Institutional investors own 25.85% of the company’s stock.
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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