Shares of USA Truck, Inc. (NASDAQ:USAK) have been given a consensus recommendation of “Buy” by the six ratings firms that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $22.00.
A number of equities analysts have weighed in on the company. Cowen lifted their price objective on USA Truck from $16.00 to $29.00 and gave the company an “outperform” rating in a research note on Monday, February 5th. Stephens upgraded USA Truck from an “equal” rating to a “weight” rating in a research note on Friday, February 2nd. TheStreet upgraded USA Truck from a “d” rating to a “c” rating in a research note on Friday, February 2nd. Finally, Zacks Investment Research upgraded USA Truck from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a research note on Wednesday, December 27th.
Institutional investors have recently made changes to their positions in the stock. Acadian Asset Management LLC purchased a new position in shares of USA Truck in the 4th quarter valued at about $217,000. Wells Fargo & Company MN increased its stake in shares of USA Truck by 88.6% in the 4th quarter. Wells Fargo & Company MN now owns 13,204 shares of the transportation company’s stock valued at $240,000 after purchasing an additional 6,204 shares in the last quarter. Citadel Advisors LLC purchased a new position in shares of USA Truck in the 3rd quarter valued at about $203,000. Macquarie Group Ltd. purchased a new position in shares of USA Truck in the 3rd quarter valued at about $259,000. Finally, JPMorgan Chase & Co. purchased a new position in shares of USA Truck in the 3rd quarter valued at about $306,000. Hedge funds and other institutional investors own 64.77% of the company’s stock.
USA Truck (NASDAQ:USAK) last released its quarterly earnings data on Thursday, February 1st. The transportation company reported $0.35 earnings per share for the quarter, beating the Zacks’ 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 was up 9.3% on a year-over-year basis. During the same quarter last year, the business posted ($0.25) EPS. equities research analysts expect that USA Truck will post 1.2 earnings per share for the current fiscal year.
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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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