USA Truck (NASDAQ:USAK) had its price objective upped by Cowen from $16.00 to $29.00 in a research note issued to investors on Monday. The firm currently has an “outperform” rating on the transportation company’s stock. Cowen’s price target indicates a potential upside of 16.05% from the stock’s previous close.
Other equities research analysts have also issued reports about the company. Zacks Investment Research raised USA Truck from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research note on Wednesday, December 27th. Stephens raised USA Truck from an “equal weight” rating to an “overweight” rating in a research note on Friday. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $18.06.
Shares of USA Truck (USAK) opened at $24.99 on Monday. The stock has a market capitalization of $207.36, a P/E ratio of 26.87 and a beta of 2.26. USA Truck has a one year low of $5.73 and a one year high of $25.25. The company has a quick ratio of 1.04, a current ratio of 1.05 and a debt-to-equity ratio of 2.06.
USA Truck (NASDAQ:USAK) last posted its quarterly earnings data on Thursday, February 1st. The transportation company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.27. The business had revenue of $117.80 million during the quarter, compared to analyst estimates of $116.80 million. USA Truck had a negative return on equity of 7.58% and a net margin of 1.68%. The company’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same period last year, the company earned ($0.25) EPS. sell-side analysts predict that USA Truck will post 0.95 earnings per share for the current fiscal year.
Hedge funds have recently modified their holdings of the stock. Tower Research Capital LLC TRC lifted its stake in shares of USA Truck by 204.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 13,826 shares of the transportation company’s stock worth $120,000 after acquiring an additional 9,289 shares during the last quarter. Citigroup Inc. lifted its stake in shares of USA Truck by 44.0% during the 2nd quarter. Citigroup Inc. now owns 14,635 shares of the transportation company’s stock worth $127,000 after acquiring an additional 4,470 shares during the last quarter. Citadel Advisors LLC bought a new stake in shares of USA Truck during the 3rd quarter worth approximately $203,000. Acadian Asset Management LLC bought a new stake in shares of USA Truck during the 4th quarter worth approximately $217,000. Finally, BlueCrest Capital Management Ltd lifted its stake in shares of USA Truck by 12.4% during the 2nd quarter. BlueCrest Capital Management Ltd now owns 28,105 shares of the transportation company’s stock worth $243,000 after acquiring an additional 3,105 shares during the last quarter. 63.89% of the stock is owned by hedge funds and other institutional investors.
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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.
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