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

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 analyst has rated the stock with a hold rating.

Brokers have set a 1-year consensus target price of $22.00 for the company and are expecting that the company will post $0.26 earnings per share for the current quarter, according to Zacks. Zacks has also given P.A.M. Transportation Services an industry rank of 16 out of 265 based on the ratings given to its competitors.

Several equities research analysts have recently weighed in on the stock. 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 for the company in a research report on Tuesday, October 3rd. Stifel Nicolaus reaffirmed a “hold” rating on shares of P.A.M. Transportation Services in a research report on Sunday, October 1st. Finally, ValuEngine raised shares of P.A.M. Transportation Services from a “hold” rating to a “buy” rating in a research report on Saturday, June 24th.

P.A.M. Transportation Services (NASDAQ PTSI) traded up 14.25% during trading on Tuesday, hitting $28.06. 102,971 shares of the stock traded hands. P.A.M. Transportation Services has a 12 month low of $14.50 and a 12 month high of $28.63. The firm has a market cap of $177.96 million, a PE ratio of 22.29 and a beta of 1.01. The firm has a 50-day moving average price of $21.24 and a 200 day moving average price of $18.44.

Large investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp lifted its position in P.A.M. Transportation Services by 1.7% during 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 acquiring an additional 349 shares during the last quarter. Goldman Sachs Group Inc. purchased a new stake in P.A.M. Transportation Services during the second quarter valued at approximately $482,000. Horrell Capital Management Inc. lifted its position in P.A.M. Transportation Services by 2.5% during the second quarter. Horrell Capital Management Inc. now owns 27,941 shares of the transportation company’s stock valued at $529,000 after acquiring an additional 681 shares during the last quarter. Pacific Ridge Capital Partners LLC lifted its position in P.A.M. Transportation Services by 21.4% during 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 acquiring an additional 30,780 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in P.A.M. Transportation Services by 2.6% during the first quarter. Dimensional Fund Advisors LP now owns 345,758 shares of the transportation company’s stock valued at $5,633,000 after acquiring an additional 8,821 shares during the last quarter. 24.27% of the stock is owned by institutional investors.

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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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