US Xpress Enterprises Inc (USX) Receives Average Rating of “Buy” from Brokerages

US Xpress Enterprises Inc (NYSE:USX) has been assigned a consensus recommendation of “Buy” from the eight analysts that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $20.33.

USX has been the topic of several research reports. Wells Fargo & Co initiated coverage on US Xpress Enterprises in a research note on Monday, July 9th. They set an “outperform” rating and a $21.00 price target on the stock. Stifel Nicolaus initiated coverage on US Xpress Enterprises in a research note on Monday, July 9th. They set a “buy” rating and a $22.00 price target on the stock. Bank of America initiated coverage on US Xpress Enterprises in a research note on Monday, July 9th. They set a “buy” rating and a $20.00 price target on the stock. Morgan Stanley initiated coverage on US Xpress Enterprises in a research note on Monday, July 9th. They set an “overweight” rating and a $25.00 price target on the stock. Finally, JPMorgan Chase & Co. initiated coverage on US Xpress Enterprises in a research note on Monday, July 9th. They set an “overweight” rating and a $20.00 price target on the stock.

US Xpress Enterprises stock traded down $0.57 on Wednesday, reaching $10.73. The company’s stock had a trading volume of 9,441 shares, compared to its average volume of 375,365. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.06 and a quick ratio of 1.06. US Xpress Enterprises has a twelve month low of $10.73 and a twelve month high of $16.94.

US Xpress Enterprises (NYSE:USX) last posted its quarterly earnings data on Thursday, August 2nd. The company reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.45. The business had revenue of $449.80 million during the quarter, compared to analyst estimates of $446.29 million. US Xpress Enterprises’s quarterly revenue was up 21.4% compared to the same quarter last year. On average, equities analysts expect that US Xpress Enterprises will post 1.39 earnings per share for the current fiscal year.

In other news, insider John William White purchased 23,000 shares of the business’s stock in a transaction dated Tuesday, August 7th. The shares were acquired at an average price of $13.68 per share, with a total value of $314,640.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Several institutional investors and hedge funds have recently modified their holdings of the company. Legal & General Group Plc bought a new stake in US Xpress Enterprises in the second quarter valued at about $152,000. Northern Trust Corp bought a new stake in US Xpress Enterprises in the second quarter valued at about $188,000. Point72 Hong Kong Ltd bought a new stake in US Xpress Enterprises in the second quarter valued at about $387,000. Quantitative Systematic Strategies LLC bought a new stake in US Xpress Enterprises in the second quarter valued at about $463,000. Finally, Dean Capital Investments Management LLC bought a new stake in US Xpress Enterprises in the second quarter valued at about $545,000.

About US Xpress Enterprises

U.S. Xpress Enterprises, Inc operates as an asset-based truckload carrier providing services primarily in the United States. It operates in two segments, Truckload and Brokerage. The Truckload segment offers asset-based truckload services, including the over-the-road and contract services. The Brokerage segment provides non-asset-based freight brokerage services.

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Analyst Recommendations for US Xpress Enterprises (NYSE:USX)

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