Stephens Increases Pamt (NASDAQ:PAMT) Price Target to $12.50

Pamt (NASDAQ:PAMT) had its target price lifted by equities research analysts at Stephens from $11.00 to $12.50 in a research report issued on Monday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Stephens’ target price points to a potential downside of 8.36% from the stock’s current price.

Pamt Stock Performance

PAMT opened at $13.64 on Monday. Pamt has a 1 year low of $11.01 and a 1 year high of $23.70. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.80 and a quick ratio of 1.78. The business has a 50 day moving average of $13.07. The firm has a market capitalization of $297.23 million, a PE ratio of -9.34 and a beta of 1.07.

Pamt (NASDAQ:PAMT) last announced its quarterly earnings results on Wednesday, April 23rd. The company reported ($0.37) earnings per share for the quarter. The company had revenue of $155.34 million during the quarter. Pamt had a negative net margin of 4.45% and a negative return on equity of 2.58%. As a group, sell-side analysts expect that Pamt will post 0.85 earnings per share for the current fiscal year.

About Pamt

PAMT Corp. is a holding company, which engages in the provision of truckload and logistics services through its subsidiaries. Its freight consists primarily of automotive parts, expedited goods, consumer goods, such as general retail store merchandise, and manufactured goods, such as heating and air conditioning units.