USA Truck, Inc. (NASDAQ:USAK) has received a consensus rating of “Buy” from the six research firms that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $32.00.
USAK has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of USA Truck from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research report on Tuesday, July 24th. ValuEngine cut shares of USA Truck from a “buy” rating to a “hold” rating in a report on Saturday, July 28th. Finally, Cowen increased their price objective on shares of USA Truck from $29.00 to $32.00 and gave the stock an “outperform” rating in a report on Monday, July 30th.
Shares of USA Truck stock traded up $0.70 during trading hours on Wednesday, reaching $17.69. The company’s stock had a trading volume of 3,718 shares, compared to its average volume of 102,756. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.10 and a current ratio of 1.11. USA Truck has a one year low of $12.14 and a one year high of $29.15. The company has a market cap of $168.16 million, a P/E ratio of -30.81 and a beta of 1.56.
USA Truck (NASDAQ:USAK) last posted its quarterly earnings results on Friday, July 27th. The transportation company reported $0.31 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.03. USA Truck had a net margin of 3.78% and a return on equity of 10.78%. The company had revenue of $135.38 million for the quarter, compared to the consensus estimate of $123.50 million. As a group, sell-side analysts predict that USA Truck will post 1.41 earnings per share for the current year.
Several hedge funds have recently added to or reduced their stakes in USAK. BlackRock Inc. increased its stake in USA Truck by 145.1% during the 2nd quarter. BlackRock Inc. now owns 631,874 shares of the transportation company’s stock valued at $14,830,000 after buying an additional 374,110 shares during the period. Millennium Management LLC grew its stake in shares of USA Truck by 197.4% in the 1st quarter. Millennium Management LLC now owns 361,575 shares of the transportation company’s stock worth $9,217,000 after purchasing an additional 240,008 shares during the last quarter. Boston Partners grew its stake in shares of USA Truck by 36.9% in the 2nd quarter. Boston Partners now owns 311,350 shares of the transportation company’s stock worth $7,307,000 after purchasing an additional 84,000 shares during the last quarter. Northern Trust Corp grew its stake in shares of USA Truck by 294.3% in the 2nd quarter. Northern Trust Corp now owns 95,118 shares of the transportation company’s stock worth $2,232,000 after purchasing an additional 70,997 shares during the last quarter. Finally, GSA Capital Partners LLP grew its stake in shares of USA Truck by 315.0% in the 2nd quarter. GSA Capital Partners LLP now owns 85,900 shares of the transportation company’s stock worth $2,016,000 after purchasing an additional 65,200 shares during the last quarter. 79.12% of the stock is currently owned by institutional investors and hedge funds.
About USA Truck
USA Truck, Inc, a truckload carrier, provides general commodities transportation services in the United States, Mexico, and Canada. It operates through two segments, Trucking and USAT Logistics. The Trucking segment offers truckload services as a medium to long-haul common carrier; and dedicated freight services.
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