Cowen and Company Reaffirms Buy Rating for USA Truck, Inc. (NASDAQ:USAK)

USA Truck, Inc. (NASDAQ:USAK)‘s stock had its “buy” rating reaffirmed by equities research analysts at Cowen and Company in a research report issued on Friday, September 8th. They currently have a $10.00 target price on the transportation company’s stock. Cowen and Company’s target price would indicate a potential downside of 19.94% from the company’s current price.

A number of other equities analysts have also recently issued reports on the stock. ValuEngine raised shares of USA Truck from a “sell” rating to a “hold” rating in a report on Sunday, September 3rd. Zacks Investment Research cut shares of USA Truck from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. USA Truck presently has an average rating of “Hold” and a consensus price target of $8.63.

USA Truck (NASDAQ:USAK) last issued its earnings results on Wednesday, August 2nd. The transportation company reported ($0.34) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.10) by ($0.24). USA Truck had a negative return on equity of 20.68% and a negative net margin of 2.94%. The business had revenue of $107.40 million during the quarter, compared to the consensus estimate of $103.75 million. During the same period in the prior year, the business earned ($0.10) EPS. The business’s revenue was down 2.3% on a year-over-year basis.

TRADEMARK VIOLATION NOTICE: This article was first posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this article on another publication, it was copied illegally and reposted in violation of US and international copyright laws. The original version of this article can be read at https://ledgergazette.com/2017/09/25/usa-truck-inc-usak-rating-reiterated-by-cowen-and-company.html.

In other USA Truck news, CFO Jason R. Bates purchased 8,500 shares of the business’s stock in a transaction dated Monday, August 14th. The shares were bought at an average price of $8.23 per share, with a total value of $69,955.00. Following the completion of the acquisition, the chief financial officer now owns 33,732 shares in the company, valued at approximately $277,614.36. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Gary Enzor purchased 7,500 shares of the business’s stock in a transaction dated Friday, August 11th. The shares were acquired at an average cost of $8.20 per share, for a total transaction of $61,500.00. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 17,050 shares of company stock worth $139,967. Corporate insiders own 3.50% of the company’s stock.

A number of large investors have recently made changes to their positions in USAK. Russell Investments Group Ltd. raised its holdings in USA Truck by 406.1% during the first quarter. Russell Investments Group Ltd. now owns 104,262 shares of the transportation company’s stock worth $767,000 after purchasing an additional 83,662 shares in the last quarter. Boston Partners bought a new stake in USA Truck during the first quarter worth approximately $1,536,000. California Public Employees Retirement System raised its holdings in USA Truck by 35.7% during the first quarter. California Public Employees Retirement System now owns 49,043 shares of the transportation company’s stock worth $360,000 after purchasing an additional 12,900 shares in the last quarter. Bank of America Corp DE raised its holdings in 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, Horrell Capital Management Inc. raised its holdings in USA Truck by 2.5% during the second quarter. Horrell Capital Management Inc. now owns 27,941 shares of the transportation company’s stock worth $242,000 after purchasing an additional 681 shares in the last quarter. 52.86% of the stock is currently owned by hedge funds and other institutional investors.

About USA Truck

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.

Receive News & Ratings for USA Truck Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for USA Truck Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply