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

P.A.M. Transportation Services (NASDAQ:PTSI) had its target price cut by Stephens from $19.00 to $17.00 in a report published on Friday morning, Benzinga reports. They currently have an equal weight rating on the transportation company’s stock.

PTSI has been the subject of a number of other research reports. StockNews.com raised P.A.M. Transportation Services from a hold rating to a buy rating in a research report on Saturday, February 24th. TheStreet downgraded P.A.M. Transportation Services from a b- rating to a c+ rating in a report on Thursday, February 1st.

P.A.M. Transportation Services Price Performance

PTSI opened at $13.56 on Friday. The firm has a market capitalization of $298.73 million, a PE ratio of 22.23 and a beta of 1.10. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.83 and a quick ratio of 1.81. The business’s 50-day moving average is $16.44 and its two-hundred day moving average is $18.58. P.A.M. Transportation Services has a 1 year low of $13.56 and a 1 year high of $28.77.

P.A.M. Transportation Services (NASDAQ:PTSI) last posted its quarterly earnings data on Thursday, February 1st. The transportation company reported ($0.10) EPS for the quarter. The firm had revenue of $180.17 million for the quarter. P.A.M. Transportation Services had a return on equity of 4.29% and a net margin of 1.75%.

Institutional Investors Weigh In On P.A.M. Transportation Services

Large investors have recently made changes to their positions in the stock. Denali Advisors LLC lifted its position in P.A.M. Transportation Services by 10.5% during the 3rd quarter. Denali Advisors LLC now owns 22,100 shares of the transportation company’s stock worth $476,000 after acquiring an additional 2,100 shares during the period. Pacific Ridge Capital Partners LLC raised its stake in shares of P.A.M. Transportation Services by 8.5% in the third quarter. Pacific Ridge Capital Partners LLC now owns 129,326 shares of the transportation company’s stock worth $2,787,000 after purchasing an additional 10,096 shares during the last quarter. Linden Thomas Advisory Services LLC acquired a new stake in shares of P.A.M. Transportation Services during the fourth quarter worth about $208,000. Finally, Pinnacle Holdings LLC boosted its position in P.A.M. Transportation Services by 8.3% in the fourth quarter. Pinnacle Holdings LLC now owns 43,645 shares of the transportation company’s stock valued at $907,000 after buying an additional 3,361 shares during the last quarter. 22.06% of the stock is owned by hedge funds and other institutional investors.

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.