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 decreased by research analysts at Stephens from $19.00 to $17.00 in a research report issued on Friday, Benzinga reports. The firm currently has an “equal weight” rating on the transportation company’s stock. Stephens’ price objective would indicate a potential upside of 22.74% from the company’s current price.

Several other equities analysts 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 P.A.M. Transportation Services from a “hold” rating to a “buy” rating in a report on Saturday, February 24th.

P.A.M. Transportation Services Price Performance

PTSI traded down $0.13 on Friday, hitting $13.85. 1,789 shares of the company’s stock traded hands, compared to its average volume of 17,707. The company’s 50 day simple moving average is $16.66 and its 200-day simple moving average is $18.73. The firm has a market cap of $305.12 million, a price-to-earnings ratio of 16.69 and a beta of 1.10. P.A.M. Transportation Services has a one year low of $13.64 and a one year high of $28.77. The company has a current ratio of 1.83, a quick ratio of 1.81 and a debt-to-equity ratio of 0.65.

P.A.M. Transportation Services (NASDAQ:PTSI) last issued its earnings results on Thursday, February 1st. The transportation company reported ($0.10) earnings per share (EPS) 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%.

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

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in shares of P.A.M. Transportation Services by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 339,309 shares of the transportation company’s stock worth $7,051,000 after purchasing an additional 1,627 shares during the period. GSA Capital Partners LLP purchased a new position in shares of P.A.M. Transportation Services in the 4th quarter worth approximately $256,000. Barclays PLC boosted its holdings in shares of P.A.M. Transportation Services by 342.2% in the 4th quarter. Barclays PLC now owns 9,755 shares of the transportation company’s stock worth $203,000 after purchasing an additional 7,549 shares during the period. Bridgeway Capital Management LLC boosted its holdings in shares of P.A.M. Transportation Services by 3.1% in the 4th quarter. Bridgeway Capital Management LLC now owns 141,194 shares of the transportation company’s stock worth $2,934,000 after purchasing an additional 4,224 shares during the period. Finally, Royal Bank of Canada lifted its stake in shares of P.A.M. Transportation Services by 16.3% during the 4th quarter. Royal Bank of Canada now owns 6,753 shares of the transportation company’s stock worth $140,000 after acquiring an additional 948 shares during the last quarter. Hedge funds and other institutional investors own 22.06% 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 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.