Stephens Lowers P.A.M. Transportation Services (NASDAQ:PTSI) Price Target to $17.00

P.A.M. Transportation Services (NASDAQ:PTSI) had its target price reduced by equities research analysts at Stephens from $19.00 to $17.00 in a note issued to investors on Friday, Benzinga reports. The brokerage presently has an “equal weight” rating on the transportation company’s stock. Stephens’ price objective suggests a potential upside of 21.78% from the company’s current price.

Other analysts also recently issued reports about the company. TheStreet downgraded P.A.M. Transportation Services from a “b-” rating to a “c+” rating in a research note on Thursday, February 1st. StockNews.com upgraded P.A.M. Transportation Services from a “hold” rating to a “buy” rating in a research note on Saturday, February 24th.

P.A.M. Transportation Services Stock Performance

Shares of P.A.M. Transportation Services stock opened at $13.96 on Friday. The company has a current ratio of 1.83, a quick ratio of 1.81 and a debt-to-equity ratio of 0.65. The business has a 50-day moving average price of $16.55 and a two-hundred day moving average price of $18.65. P.A.M. Transportation Services has a 1-year low of $13.64 and a 1-year high of $28.77. The company has a market cap of $307.54 million, a P/E ratio of 22.89 and a beta of 1.10.

P.A.M. Transportation Services (NASDAQ:PTSI) last issued its quarterly earnings results on Thursday, February 1st. The transportation company reported ($0.10) earnings per share for the quarter. P.A.M. Transportation Services had a return on equity of 4.29% and a net margin of 1.75%. The business had revenue of $180.17 million for the quarter.

Hedge Funds Weigh In On P.A.M. Transportation Services

A number of hedge funds have recently added to or reduced their stakes in PTSI. Bank of New York Mellon Corp boosted its stake in P.A.M. Transportation Services by 91.9% during the 1st quarter. Bank of New York Mellon Corp now owns 74,538 shares of the transportation company’s stock valued at $2,590,000 after purchasing an additional 35,696 shares during the last quarter. American Century Companies Inc. boosted its stake in P.A.M. Transportation Services by 238.3% during the 1st quarter. American Century Companies Inc. now owns 11,734 shares of the transportation company’s stock valued at $408,000 after purchasing an additional 8,265 shares during the last quarter. MetLife Investment Management LLC boosted its stake in P.A.M. Transportation Services by 213.6% during the 1st quarter. MetLife Investment Management LLC now owns 4,064 shares of the transportation company’s stock valued at $141,000 after purchasing an additional 2,768 shares during the last quarter. Rhumbline Advisers boosted its stake in P.A.M. Transportation Services by 104.5% during the 1st quarter. Rhumbline Advisers now owns 11,125 shares of the transportation company’s stock valued at $387,000 after purchasing an additional 5,686 shares during the last quarter. Finally, BlackRock Inc. boosted its stake in P.A.M. Transportation Services by 97.9% during the 1st quarter. BlackRock Inc. now owns 514,567 shares of the transportation company’s stock valued at $17,883,000 after purchasing an additional 254,574 shares during the last quarter. Institutional investors and hedge funds own 22.06% 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 operates a truckload dry van carrier that transports general commodities, such as automotive parts; expedited goods; consumer goods, such as general retail store merchandise; and manufactured goods, including heating and air conditioning units.