Zacks Investment Research upgraded shares of USA Truck (NASDAQ:USAK) from a hold rating to a buy rating in a report published on Friday, Zacks.com reports. They currently have $17.00 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. “
Separately, ValuEngine lowered USA Truck from a sell rating to a strong sell rating in a research note on Thursday, February 28th. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the company. The company currently has an average rating of Buy and a consensus price target of $27.75.
NASDAQ USAK opened at $15.13 on Friday. The stock has a market capitalization of $131.77 million, a PE ratio of 9.70 and a beta of 1.60. The company has a debt-to-equity ratio of 1.72, a current ratio of 1.05 and a quick ratio of 1.04. USA Truck has a twelve month low of $13.82 and a twelve month high of $29.15.
USA Truck (NASDAQ:USAK) last released its quarterly earnings data on Monday, February 4th. The transportation company reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.12. The firm had revenue of $141.08 million during the quarter, compared to analyst estimates of $150.40 million. USA Truck had a return on equity of 17.63% and a net margin of 2.29%. Equities research analysts predict that USA Truck will post 2.02 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE boosted its stake in shares of USA Truck by 60.2% in the fourth quarter. Bank of America Corp DE now owns 9,336 shares of the transportation company’s stock worth $139,000 after acquiring an additional 3,508 shares during the period. Rhumbline Advisers bought a new position in shares of USA Truck in the fourth quarter worth about $153,000. Dynamic Technology Lab Private Ltd bought a new position in shares of USA Truck in the third quarter worth about $249,000. Monarch Partners Asset Management LLC boosted its stake in shares of USA Truck by 49.2% in the fourth quarter. Monarch Partners Asset Management LLC now owns 23,644 shares of the transportation company’s stock worth $354,000 after acquiring an additional 7,794 shares during the period. Finally, Prudential Financial Inc. bought a new position in shares of USA Truck in the third quarter worth about $357,000. 77.43% of the stock is owned by hedge funds and other institutional investors.
About USA Truck
USA Truck, Inc operates as a truckload carrier in the United States, Mexico, and Canada. The company operates through two segments, Trucking and USAT Logistics. The Trucking segment offers truckload motor carrier services as a medium to long-haul common and contract carrier; and dedicated freight services.
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