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

P.A.M. Transportation Services (NASDAQ:PTSI) had its price target cut by stock analysts at Stephens from $19.00 to $17.00 in a research report issued on Friday, Benzinga reports. The firm presently has an “equal weight” rating on the transportation company’s stock. Stephens’ price target suggests a potential upside of 22.74% from the company’s previous close.

A number of other research firms have also recently weighed in on PTSI. TheStreet cut P.A.M. Transportation Services from a “b-” rating to a “c+” rating in a report on Thursday, February 1st. StockNews.com upgraded shares of 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

NASDAQ PTSI traded down $0.13 during trading hours on Friday, reaching $13.85. The company’s stock had a trading volume of 1,789 shares, compared to its average volume of 17,707. 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 simple moving average of $16.66 and a 200 day simple moving average of $18.73. P.A.M. Transportation Services has a 52 week low of $13.64 and a 52 week high of $28.77. The stock has a market cap of $305.12 million, a PE ratio of 16.69 and a beta of 1.10.

P.A.M. Transportation Services (NASDAQ:PTSI) last released its quarterly earnings results on Thursday, February 1st. The transportation company reported ($0.10) earnings per share for the quarter. The business had revenue of $180.17 million for the quarter. P.A.M. Transportation Services had a net margin of 2.27% and a return on equity of 8.31%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Ameritas Investment Partners Inc. increased its stake in shares of P.A.M. Transportation Services by 100.0% during the first quarter. Ameritas Investment Partners Inc. now owns 748 shares of the transportation company’s stock valued at $26,000 after acquiring an additional 374 shares during the period. BNP Paribas Arbitrage SA grew its position in P.A.M. Transportation Services by 41.9% in the second quarter. BNP Paribas Arbitrage SA now owns 1,577 shares of the transportation company’s stock worth $43,000 after buying an additional 466 shares during the last quarter. Barclays PLC grew its position in P.A.M. Transportation Services by 439.6% in the fourth quarter. Barclays PLC now owns 1,770 shares of the transportation company’s stock worth $46,000 after buying an additional 1,442 shares during the last quarter. Citigroup Inc. grew its position in P.A.M. Transportation Services by 455.2% in the second quarter. Citigroup Inc. now owns 2,032 shares of the transportation company’s stock worth $54,000 after buying an additional 1,666 shares during the last quarter. Finally, UBS Group AG acquired a new position in P.A.M. Transportation Services in the fourth quarter worth approximately $57,000. 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.