USA Truck (NASDAQ:USAK) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Wednesday, December 27th. The brokerage presently has a $21.00 price objective on the transportation company’s stock. Zacks Investment Research‘s target price would indicate a potential upside of 2.24% from the stock’s previous close.
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. “
USAK has been the topic of several other reports. ValuEngine raised shares of USA Truck from a “sell” rating to a “hold” rating in a report on Sunday, September 3rd. Cowen reaffirmed a “buy” rating and set a $10.00 target price on shares of USA Truck in a report on Friday, September 8th. Finally, Stifel Nicolaus raised shares of USA Truck from a “hold” rating to a “buy” rating and raised their target price for the stock from $9.00 to $15.00 in a report on Friday, September 29th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $13.31.
Shares of USA Truck (NASDAQ USAK) opened at $20.54 on Wednesday. The company has a quick ratio of 1.04, a current ratio of 1.05 and a debt-to-equity ratio of 2.06. The stock has a market cap of $178.38, a PE ratio of -14.78 and a beta of 2.57. USA Truck has a fifty-two week low of $5.73 and a fifty-two week high of $21.98.
USA Truck (NASDAQ:USAK) last issued its earnings results on Thursday, November 2nd. The transportation company reported $0.05 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.05) by $0.10. The company had revenue of $114.20 million for the quarter, compared to analysts’ expectations of $108.05 million. USA Truck had a negative net margin of 2.61% and a negative return on equity of 19.57%. USA Truck’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.09) EPS. analysts predict that USA Truck will post -0.45 earnings per share for the current year.
A number of institutional investors have recently modified their holdings of USAK. Tower Research Capital LLC TRC boosted its position in USA Truck by 204.7% in the second quarter. Tower Research Capital LLC TRC now owns 13,826 shares of the transportation company’s stock valued at $120,000 after buying an additional 9,289 shares in the last quarter. Citigroup Inc. boosted its position in USA Truck by 44.0% in the second quarter. Citigroup Inc. now owns 14,635 shares of the transportation company’s stock valued at $127,000 after buying an additional 4,470 shares in the last quarter. Citadel Advisors LLC acquired a new stake in USA Truck in the third quarter valued at approximately $203,000. Bank of America Corp DE boosted its position in USA Truck by 436.0% in the first quarter. Bank of America Corp DE now owns 32,540 shares of the transportation company’s stock valued at $240,000 after buying an additional 26,469 shares in the last quarter. Finally, BlueCrest Capital Management Ltd boosted its position in USA Truck by 12.4% in the second quarter. BlueCrest Capital Management Ltd now owns 28,105 shares of the transportation company’s stock valued at $243,000 after buying an additional 3,105 shares in the last quarter. Hedge funds and other institutional investors own 64.28% of the company’s stock.
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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