USA Truck (NASDAQ:USAK) Upgraded by StockNews.com to Strong-Buy

StockNews.com upgraded shares of USA Truck (NASDAQ:USAKGet Rating) from a buy rating to a strong-buy rating in a research note released on Friday morning. A number of other equities research analysts also recently issued reports on USAK. Cowen boosted their target price on shares of USA Truck from £18.00 to £24.00 in a report on Monday, May 2nd. Zacks Investment Research downgraded shares of USA Truck from a hold rating to a sell rating in a report on Wednesday.

Stephens decreased their price objective on shares of USA Truck from £27.00 to £25.00 in a research note on Friday, April 1st. Finally, Cowen boosted their price objective on shares of USA Truck from £18.00 to £24.00 and gave the stock a buy rating in a research note on Monday, May 2nd. USA Truck stock opened at £18.24 on Friday.

USA Truck has a 1 year low of £13.01 and a 1 year high of £29.09. The firm has a 50 day moving average price of £19.24 and a 200 day moving average price of £20.02. The company has a market cap of £164.34 million, a price-to-earnings ratio of 4.79 and a beta of 1.89.

The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.28 and a current ratio of 1.35.

USA Truck (NASDAQ:USAKGet Rating) last released its earnings results on Friday, April 29th. The transportation company reported £1.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of £0.76 by £0.72. USA Truck had a net margin of 4.55% and a return on equity of 32.98%.

During the same period in the prior year, the business earned £0.43 earnings per share. Sell-side analysts predict that USA Truck will post 3.92 EPS for the current year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Invesco Ltd. lifted its position in shares of USA Truck by 3.6% during the third quarter.

Invesco Ltd. now owns 13,413 shares of the transportation company’s stock worth £205,000 after purchasing an additional 468 shares in the last quarter. Cornercap Investment Counsel Inc. lifted its position in shares of USA Truck by 1.1% during the third quarter. Cornercap Investment Counsel Inc. now owns 78,135 shares of the transportation company’s stock worth £1,194,000 after purchasing an additional 820 shares in the last quarter.

Barclays PLC lifted its position in shares of USA Truck by 246.5% during the third quarter. Barclays PLC now owns 2,155 shares of the transportation company’s stock worth £33,000 after purchasing an additional 1,533 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of USA Truck by 2.6% during the fourth quarter.

Geode Capital Management LLC now owns 63,982 shares of the transportation company’s stock worth £1,271,000 after purchasing an additional 1,638 shares in the last quarter. Finally, Boston Partners lifted its position in shares of USA Truck by 4.0% during the third quarter. Boston Partners now owns 68,475 shares of the transportation company’s stock worth £1,046,000 after purchasing an additional 2,604 shares in the last quarter.

Institutional investors own 58.92% of the company’s stock. USA Truck Company Profile (Get Rating) USA Truck, Inc operates as a truckload carrier in the United States, Mexico, and Canada.

The company operates in two segments, Trucking and USAT Logistics. The Trucking segment offers motor carrier services as a medium-haul common and contract carrier; and freight services. The USAT Logistics segment provides freight brokerage, logistics, and intermodal rail services.

Featured Stories

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




https://www.amazon.com/gp/product/B073CNVNJ6/ref=as_li_tl?ie=UTF8&tag=shopdiscountz-20&camp=1789&creative=9325&linkCode=as2&creativeASIN=B073CNVNJ6&linkId=d543433a5e246472fe593bf347718a50