USA Truck (NASDAQ:USAK) was upgraded by stock analysts at TheStreet from a “d” rating to a “c” rating in a note issued to investors on Friday.
A number of other analysts have also commented on the company. Cowen boosted their price objective on USA Truck from $16.00 to $29.00 and gave the stock an “outperform” rating in a report on Monday. Stephens raised USA Truck from an “equal weight” rating to an “overweight” rating in a report on Friday. Finally, Zacks Investment Research lowered USA Truck from a “buy” rating to a “hold” rating in a report on Saturday, January 6th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $18.06.
Shares of USA Truck (NASDAQ USAK) opened at $25.34 on Friday. The company has a debt-to-equity ratio of 2.06, a current ratio of 1.05 and a quick ratio of 1.04. USA Truck has a twelve month low of $5.73 and a twelve month high of $25.69.
USA Truck (NASDAQ:USAK) last issued its quarterly earnings data on Thursday, February 1st. The transportation company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.27. The firm 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 in the previous year, the company posted ($0.25) EPS. research analysts predict that USA Truck will post 0.95 earnings per share for the current fiscal year.
Several hedge funds have recently added to or reduced their stakes in USAK. Citigroup Inc. grew its holdings in shares of 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 acquiring an additional 4,470 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of USA Truck by 16.4% in the second quarter. Vanguard Group Inc. now owns 261,677 shares of the transportation company’s stock valued at $2,266,000 after acquiring an additional 36,911 shares in the last quarter. California Public Employees Retirement System grew its holdings in shares of USA Truck by 37.1% in the second quarter. California Public Employees Retirement System now owns 67,243 shares of the transportation company’s stock valued at $582,000 after acquiring an additional 18,200 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of USA Truck by 67.5% in the second quarter. Goldman Sachs Group Inc. now owns 51,915 shares of the transportation company’s stock valued at $450,000 after acquiring an additional 20,915 shares in the last quarter. Finally, BlueCrest Capital Management Ltd grew its holdings in shares of 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 acquiring an additional 3,105 shares in the last quarter. 63.89% of the stock is owned by institutional investors.
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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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