Zacks Investment Research upgraded shares of USA Truck (NASDAQ:USAK) from a hold rating to a buy rating in a research note released on Wednesday. The brokerage currently has $21.00 price objective on the transportation company’s stock.
According to Zacks, “USA Truck, Inc. is engaged in the transportation of general commodity freight in interstate and foreign commerce. They hold authority to transport and does transport freight between all points in the continental United States, other than intrastate, and between all points in the U.S., and the Canadian provinces of Ontario and Quebec. “
A number of other brokerages have also recently issued reports on USAK. ValuEngine raised shares of USA Truck from a sell rating to a hold rating in a research note on Sunday, September 3rd. Cowen reaffirmed a buy rating and issued a $10.00 price objective on shares of USA Truck in a research note on Friday, September 8th. Finally, Stifel Nicolaus raised shares of USA Truck from a hold rating to a buy rating and raised their price objective for the company from $9.00 to $15.00 in a research note on Friday, September 29th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of Buy and a consensus target price of $13.31.
Shares of USA Truck (USAK) opened at $18.38 on Wednesday. USA Truck has a 52 week low of $5.73 and a 52 week high of $19.05. The company has a debt-to-equity ratio of 2.06, a quick ratio of 1.04 and a current ratio of 1.05. The company has a market cap of $152.99, a P/E ratio of -13.22 and a beta of 2.56.
USA Truck (NASDAQ:USAK) last announced its quarterly earnings data on Thursday, November 2nd. The transportation company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.10. USA Truck had a negative net margin of 2.61% and a negative return on equity of 19.57%. The firm had revenue of $114.20 million for the quarter, compared to analysts’ expectations of $108.05 million. During the same period last year, the firm earned ($0.09) earnings per share. The business’s revenue for the quarter was up 8.2% on a year-over-year basis. analysts anticipate that USA Truck will post -0.47 EPS for the current fiscal year.
A number of hedge funds have recently made changes to their positions in USAK. Tower Research Capital LLC TRC boosted its position in shares of USA Truck by 204.7% during the second quarter. Tower Research Capital LLC TRC now owns 13,826 shares of the transportation company’s stock worth $120,000 after purchasing an additional 9,289 shares in the last quarter. Citigroup Inc. boosted its position in shares of USA Truck by 44.0% during the second quarter. Citigroup Inc. now owns 14,635 shares of the transportation company’s stock worth $127,000 after purchasing an additional 4,470 shares in the last quarter. Citadel Advisors LLC bought a new position in shares of USA Truck during the third quarter worth $203,000. Bank of America Corp DE boosted its position in shares of USA Truck by 436.0% during the first quarter. Bank of America Corp DE now owns 32,540 shares of the transportation company’s stock worth $240,000 after purchasing an additional 26,469 shares in the last quarter. Finally, BlueCrest Capital Management Ltd boosted its position in shares of USA Truck by 12.4% during the second quarter. BlueCrest Capital Management Ltd now owns 28,105 shares of the transportation company’s stock worth $243,000 after purchasing an additional 3,105 shares in the last quarter. 64.28% of the stock is currently owned by hedge funds and other institutional investors.
USA Truck Company Profile
USA Truck, Inc is a truckload carrier providing transportation of general commodities throughout the continental United States and into and out of portions of Mexico and Canada. The Company operates through two segments: Trucking and Strategic Capacity Solutions (SCS). The Trucking segment consists of truckload and dedicated freight services.
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