PAM Transportation Services (NASDAQ:PTSI) Stock Rating Updated by Zacks Investment Research


PAM Transportation Services (NASDAQ: PTSI – Get an Assessment) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released Tuesday, Zacks.com reports. The company currently has a target price of $29.00 on shares of the transportation company. Zacks Investment Research’s target price indicates upside potential of 11.75% from the company’s previous close.

According to Zacks, “PAM Transportation Services, Inc. is an irregular, common, contract motor carrier licensed to transport general cargo. Cargo consists primarily of auto parts, consumer goods, such as retail store merchandise, and manufacturing products, such as heaters and air conditioners. All goods are transported by truck. “

A number of other equity research analysts also weighed in on PTSI. Stephens lowered his price target on shares of PAM Transportation Services from $42.50 to $40.00 in a report on Friday, April 1. StockNews.com launched coverage on the shares of PAM Transportation Services in a Thursday, March 31 report. They established a “Strong Buy” rating for the company.

PTSI was down $1.65 during Tuesday trading hours, hitting $25.95. 24 shares of the stock traded in hands, compared to its average volume of 57,993. The company’s fifty-day simple moving average is $38.34 and its two-hundred-day simple moving average is 43 $.63. The company has a market capitalization of $577.78 million, a price-earnings ratio of 6.84 and a beta of 1.51. PAM Transportation Services has a fifty-two week minimum of $12.94 and a fifty-two week maximum of $40.88. The company has a debt ratio of 0.87, a current ratio of 2.13 and a quick ratio of 2.12.

A number of hedge funds have recently changed their positions in PTSI. Dimensional Fund Advisors LP increased its position in PAM Transportation Services shares by 98.2% in the first quarter. Dimensional Fund Advisors LP now owns 1,446,756 shares of the transportation company worth $50,276,000 after buying an additional 716,798 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of PAM Transportation Services by 94.0% in the 1st quarter. Renaissance Technologies LLC now owns 1,245,808 shares of the transportation company worth $43,292,000 after purchasing an additional 603,798 shares in the last quarter. BlackRock Inc. increased its position in shares of PAM Transportation Services by 97.9% in the 1st quarter. BlackRock Inc. now owns 514,567 shares of the transportation company worth $17,883,000 after purchasing an additional 254,574 shares in the last quarter. Vanguard Group Inc. increased its position in PAM Transportation Services shares by 96.0% in the 1st quarter. Vanguard Group Inc. now owns 296,876 shares of the transportation company worth $10,316,000 after buying an additional 145,392 shares in the last quarter. Finally, Pacific Ridge Capital Partners LLC increased its position in shares of PAM Transportation Services by 74.9% in the 1st quarter. Pacific Ridge Capital Partners LLC now owns 131,154 shares of the transportation company worth $4,558,000 after purchasing an additional 56,182 shares in the last quarter. 11.38% of the shares are held by institutional investors.

Company Profile PAM Transportation Services (Get a rating)

PAM 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 dry van carrier that transports general cargo. Its cargo consists mainly of auto parts; goods shipped; consumer goods, such as general merchandise from retail stores; and manufactured goods, including heaters and air conditioners.

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