P.A.M. Transportation Services, Inc. (NASDAQ:PTSI) has received a consensus broker rating score of 3.00 (Hold) from the one analysts that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation.

Brokerages have set a 12 month consensus price objective of $17.00 for the company and are anticipating that the company will post $0.26 EPS for the current quarter, according to Zacks. Zacks has also assigned P.A.M. Transportation Services an industry rank of 173 out of 265 based on the ratings given to related companies.

PTSI has been the topic of several research analyst reports. Zacks Investment Research upgraded shares of P.A.M. Transportation Services from a “hold” rating to a “strong-buy” rating and set a $20.00 target price on the stock in a report on Tuesday, May 30th. ValuEngine downgraded shares of P.A.M. Transportation Services from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Finally, Stifel Nicolaus restated a “hold” rating and set a $17.00 target price on shares of P.A.M. Transportation Services in a report on Thursday.

Several hedge funds have recently bought and sold shares of PTSI. Horrell Capital Management Inc. increased its stake in P.A.M. Transportation Services by 0.4% in the first quarter. Horrell Capital Management Inc. now owns 27,260 shares of the transportation company’s stock worth $444,000 after buying an additional 100 shares during the period. Bank of New York Mellon Corp increased its stake in P.A.M. Transportation Services by 1.7% in the first quarter. Bank of New York Mellon Corp now owns 20,698 shares of the transportation company’s stock worth $338,000 after buying an additional 349 shares during the period. State Street Corp increased its stake in P.A.M. Transportation Services by 1.1% in the fourth quarter. State Street Corp now owns 69,626 shares of the transportation company’s stock worth $1,809,000 after buying an additional 729 shares during the period. Dimensional Fund Advisors LP increased its stake in P.A.M. Transportation Services by 1.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 336,937 shares of the transportation company’s stock worth $8,754,000 after buying an additional 4,895 shares during the period. Finally, Russell Investments Group Ltd. acquired a new stake in P.A.M. Transportation Services during the fourth quarter worth about $485,000. Institutional investors own 28.27% of the company’s stock.

P.A.M. Transportation Services (PTSI) traded up 3.71% during mid-day trading on Friday, reaching $17.60. 5,835 shares of the company’s stock traded hands. The stock has a market cap of $112.75 million, a P/E ratio of 13.98 and a beta of 1.01. P.A.M. Transportation Services has a 1-year low of $14.50 and a 1-year high of $28.43. The firm has a 50-day moving average price of $18.75 and a 200-day moving average price of $18.45.

P.A.M. Transportation Services announced that its board has initiated a share buyback plan on Tuesday, May 2nd that allows the company to repurchase 500,000 outstanding shares. This repurchase authorization allows the transportation company to purchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.

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P.A.M. Transportation Services Company Profile

P.A.M. Transportation Services, Inc is a holding company. The Company, through its subsidiaries, operates as a truckload transportation and logistics company. It operates in the motor carrier segment. It operates as a truckload dry van carrier transporting general commodities throughout the continental United States, as well as in certain Canadian provinces.

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