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

Shares of P.A.M. Transportation Services, Inc. (NASDAQ:PTSI) have received an average broker rating score of 3.00 (Hold) from the one brokers that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation.

Analysts have set a 12 month consensus price objective of $30.00 for the company and are expecting that the company will post $0.19 earnings per share for the current quarter, according to Zacks. Zacks has also given P.A.M. Transportation Services an industry rank of 38 out of 265 based on the ratings given to related companies.

PTSI has been the topic of a number of research analyst reports. ValuEngine downgraded shares of P.A.M. Transportation Services from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Stifel Nicolaus reissued a “hold” rating and issued a $17.00 price target on shares of P.A.M. Transportation Services in a research note on Thursday, August 3rd. Finally, Zacks Investment Research raised shares of P.A.M. Transportation Services from a “strong sell” rating to a “hold” rating and set a $27.00 price target on the stock in a research note on Tuesday, October 3rd.

Several hedge funds have recently made changes to their positions in PTSI. JPMorgan Chase & Co. grew its holdings in shares of P.A.M. Transportation Services by 476.7% in the third quarter. JPMorgan Chase & Co. now owns 5,900 shares of the transportation company’s stock valued at $137,000 after purchasing an additional 4,877 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of P.A.M. Transportation Services by 1.7% in the first quarter. Bank of New York Mellon Corp now owns 20,698 shares of the transportation company’s stock valued at $338,000 after purchasing an additional 349 shares in the last quarter. Goldman Sachs Group Inc. acquired a new position in shares of P.A.M. Transportation Services in the second quarter valued at approximately $482,000. Pacific Ridge Capital Partners LLC grew its holdings in shares of P.A.M. Transportation Services by 21.4% in the second quarter. Pacific Ridge Capital Partners LLC now owns 174,921 shares of the transportation company’s stock valued at $3,315,000 after purchasing an additional 30,780 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of P.A.M. Transportation Services by 2.6% in the first quarter. Dimensional Fund Advisors LP now owns 345,758 shares of the transportation company’s stock valued at $5,633,000 after purchasing an additional 8,821 shares in the last quarter. Hedge funds and other institutional investors own 24.42% of the company’s stock.

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P.A.M. Transportation Services (NASDAQ:PTSI) traded down $0.92 during trading hours on Tuesday, hitting $33.76. 16,316 shares of the stock traded hands, compared to its average volume of 16,980. The company has a current ratio of 0.96, a quick ratio of 0.95 and a debt-to-equity ratio of 0.90. The stock has a market capitalization of $226.66, a P/E ratio of 28.54 and a beta of 1.06. P.A.M. Transportation Services has a 12-month low of $14.50 and a 12-month high of $43.20.

P.A.M. Transportation Services (NASDAQ:PTSI) last issued its earnings results on Monday, October 23rd. The transportation company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.28. P.A.M. Transportation Services had a net margin of 1.85% and a return on equity of 8.38%. The company had revenue of $108.90 million for the quarter, compared to the consensus estimate of $108.20 million. analysts expect that P.A.M. Transportation Services will post 1.34 earnings per share for the current year.

P.A.M. Transportation Services declared that its Board of Directors has authorized a share repurchase plan on Tuesday, October 10th that allows the company to repurchase 400,000 shares. This repurchase authorization allows the transportation company to buy shares of its stock through a dutch auction. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

P.A.M. Transportation Services Company Profile

P.A.M. Transportation Services, Inc is a holding company. The Company, through its subsidiaries, operates as a truckload transportation and logistics company. It operates in the motor carrier segment. It operates as a truckload dry van carrier transporting general commodities throughout the continental United States, as well as in certain Canadian provinces.

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