P.A.M. Transportation Services (NASDAQ:PTSI) Stock Rating Lowered by Zacks Investment Research

P.A.M. Transportation Services (NASDAQ:PTSI) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a report released on Friday, Zacks.com reports.

According to Zacks, “P.A.M. Transportation Services, Inc. is an irregular route, common and contract motor carrier authorized to transport general commodities. The freight consists primarily of automotive parts, consumer goods, such as general retail store merchandise, and products from the manufacturing sector, such as heating and air conditioning units. All freight is transported as truckload quantities. “

Other research analysts have also issued research reports about the company. Stifel Nicolaus raised P.A.M. Transportation Services from a “hold” rating to a “buy” rating and set a $39.00 price objective on the stock in a report on Thursday, July 9th. BidaskClub raised P.A.M. Transportation Services from a “strong sell” rating to a “sell” rating in a report on Thursday, April 9th. Finally, TheStreet lowered P.A.M. Transportation Services from a “b-” rating to a “c” rating in a report on Thursday, May 28th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the company. P.A.M. Transportation Services presently has a consensus rating of “Hold” and an average price target of $39.00.

Shares of NASDAQ:PTSI traded down $0.45 during trading on Friday, reaching $28.06. The company had a trading volume of 2,137 shares, compared to its average volume of 11,457. The firm has a market capitalization of $161.13 million, a price-to-earnings ratio of 18.46 and a beta of 1.83. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.83 and a quick ratio of 0.82. The stock’s fifty day moving average price is $31.22 and its 200 day moving average price is $37.45. P.A.M. Transportation Services has a fifty-two week low of $22.00 and a fifty-two week high of $71.56.

P.A.M. Transportation Services (NASDAQ:PTSI) last announced its quarterly earnings data on Wednesday, July 29th. The transportation company reported ($0.43) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.58). P.A.M. Transportation Services had a positive return on equity of 6.34% and a negative net margin of 2.36%. The business had revenue of $92.98 million for the quarter, compared to analyst estimates of $101.60 million. On average, equities analysts anticipate that P.A.M. Transportation Services will post 1.55 EPS for the current fiscal year.

Several hedge funds have recently bought and sold shares of PTSI. UBS Group AG grew its stake in shares of P.A.M. Transportation Services by 27.5% in the fourth quarter. UBS Group AG now owns 2,872 shares of the transportation company’s stock valued at $166,000 after buying an additional 619 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of P.A.M. Transportation Services by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 29,343 shares of the transportation company’s stock valued at $1,693,000 after buying an additional 293 shares in the last quarter. State Street Corp grew its stake in shares of P.A.M. Transportation Services by 3.4% in the first quarter. State Street Corp now owns 26,562 shares of the transportation company’s stock valued at $817,000 after buying an additional 884 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of P.A.M. Transportation Services by 407.5% in the first quarter. JPMorgan Chase & Co. now owns 3,177 shares of the transportation company’s stock valued at $98,000 after buying an additional 2,551 shares in the last quarter. Finally, Wells Fargo & Company MN grew its stake in shares of P.A.M. Transportation Services by 29.2% in the first quarter. Wells Fargo & Company MN now owns 3,814 shares of the transportation company’s stock valued at $117,000 after buying an additional 861 shares in the last quarter. Institutional investors and hedge funds own 25.01% 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 is involved in the transportation of general commodities. Its freight primarily consists of automotive parts; expedited goods; consumer goods, including general retail store merchandise; and manufactured goods, such as heating and air conditioning units.

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