PAM Transportation Services (NASDAQ:PTSI) rating was raised to buy at Zacks Investment Research
PAM Transportation Services (NASDAQ:PTSI – Get Assessment) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note released Tuesday to investors, Zacks.com reports. The brokerage currently has a target price of $74.00 on shares of the transportation company. Zacks Investment Research’s target price indicates an upside potential of 18.21% from the company’s current price.
According to Zacks, “PAM Transportation Services, Inc. is an irregular, common, contract motor carrier licensed to transport general cargo. 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 goods are transported in truckload quantities.”
Separately, Stephens began covering PAM Transportation Services in a research note on Monday, November 29. They set an “equal weight” rating on the stock.
PTSI opened at $62.60 on Tuesday. The stock has a market capitalization of $699.05 million, a price-earnings ratio of 9.32 and a beta of 1.51. The stock’s 50-day moving average price is $70.60 and its 200-day moving average price is $60.28. PAM Transportation Services has a one-year minimum of $25.89 and a one-year maximum of $81.77. The company has a debt ratio of 0.98, a quick ratio of 1.55 and a current ratio of 1.56.
A number of large investors have recently changed their positions in the stock. Barclays PLC increased its stake in PAM Transportation Services by 189.6% in the fourth quarter. Barclays PLC now owns 4,301 shares in the transport company worth $306,000 after buying 2,816 more shares last quarter. Wells Fargo & Company MN increased its stake in PAM Transportation Services by 20,466.7% during the fourth quarter. Wells Fargo & Company MN now owns 2,468 shares of the transportation company worth $175,000 after purchasing 2,456 additional shares during the period. Goldman Sachs Group Inc. acquired a new stake in PAM Transportation Services during the fourth quarter valued at $205,000. Metropolitan Life Insurance Co NY purchased a new stake in PAM Transportation Services during the fourth quarter at a value of $69,000. Finally, MetLife Investment Management LLC acquired a new stake in PAM Transportation Services during the fourth quarter at a value of $92,000. 22.63% of the shares are currently held by institutional investors.
Company Profile PAM Transportation Services (Get a rating)
PAM Transportation Services, Inc. is a holding company that provides truckload and logistics services. It offers dedicated, dry, expedited, international and logistics solutions. Its freight consists of auto parts, shipped products, consumer goods and manufactured goods, such as heating and air conditioning units and general retail store merchandise.
Get a Free Copy of Zacks’ Research Report on PAM Transportation Services (PTSI)
For more information on Zacks Investment Research’s research offerings, visit Zacks.com
This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]
Should you invest $1,000 in PAM Transportation Services right now?
Before you consider PAM transportation services, you’ll want to hear this.
MarketBeat tracks Wall Street’s top-rated, top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes hold…and PAM Transportation Services was not on the list.
Although PAM Transportation Services currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
See the 5 actions here