BidaskClub Downgrades P.A.M. Transportation Services (NASDA…

BidaskClub Downgrades P.A.M. Transportation Services (NASDA…


BidaskClub lowered shares of P.A.M. Transportation Services (NASDAQ:PTSI) from a hold rating to a sell rating in a research note issued to investors on Friday, May 10th, BidAskClub reports.

Several other equities research analysts have also recently commented on PTSI. Stifel Nicolaus started coverage on shares of P.A.M. Transportation Services in a research report on Tuesday, April 23rd. They set a hold rating and a $58.00 price target on the stock. ValuEngine raised shares of P.A.M. Transportation Services from a hold rating to a buy rating in a research report on Wednesday, May 1st.

NASDAQ PTSI traded up $1.38 on Friday, reaching $56.50. The company had a trading volume of 810 shares, compared to its average volume of 5,756. The firm has a market cap of $334.48 million, a PE ratio of 12.26 and a beta of 1.75. The company has a current ratio of 1.08, a quick ratio of 1.07 and a debt-to-equity ratio of 1.00. P.A.M. Transportation Services has a 1-year low of $34.31 and a 1-year high of $70.00.

P.A.M. Transportation Services (NASDAQ:PTSI) last announced its earnings results on Monday, April 15th. The transportation company reported $0.99 earnings per share for the quarter. P.A.M. Transportation Services had a net margin of 5.70% and a return on equity of 23.54%. The firm had revenue of $128.69 million during the quarter. Equities research analysts forecast that P.A.M. Transportation Services will post 5.44 EPS for the current year.

Large investors have recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of P.A.M. Transportation Services by 8.6% in the 3rd quarter. Vanguard Group Inc. now owns 125,513 shares of the transportation company’s stock valued at $8,170,000 after purchasing an additional 9,948 shares during the period. Vanguard Group Inc raised its holdings in shares of P.A.M. Transportation Services by 8.6% in the 3rd quarter. Vanguard Group Inc now owns 125,513 shares of the transportation company’s stock valued at $8,170,000 after purchasing an additional 9,948 shares during the period. Horrell Capital Management Inc. raised its holdings in shares of P.A.M. Transportation Services by 0.9% in the 4th quarter. Horrell Capital Management Inc. now owns 31,029 shares of the transportation company’s stock valued at $1,223,000 after purchasing an additional 283 shares during the period. TIAA CREF Investment Management LLC bought a new stake in shares of P.A.M. Transportation Services in the 3rd quarter valued at about $209,000. Finally, Geode Capital Management LLC raised its holdings in shares of P.A.M. Transportation Services by 3.9% in the 4th quarter. Geode Capital Management LLC now owns 26,058 shares of the transportation company’s stock valued at $1,026,000 after purchasing an additional 988 shares during the period. 26.67% of the stock is currently 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 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.

Further Reading: What are retained earnings?



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Moving & Transportation Services Jon Cartu

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