USA Truck’s (USAK) “Buy” Rating Reiterated at Stifel Nicolaus

Stifel Nicolaus reaffirmed their buy rating on shares of USA Truck (NASDAQ:USAK) in a report released on Thursday morning, Marketbeat reports. The brokerage currently has a $32.00 price objective on the transportation company’s stock.

A number of other brokerages also recently commented on USAK. Zacks Investment Research downgraded shares of USA Truck from a buy rating to a hold rating in a research note on Saturday, January 6th. Stephens upgraded shares of USA Truck from an equal rating to a weight rating in a research note on Friday, February 2nd. ValuEngine upgraded shares of USA Truck from a hold rating to a buy rating in a research note on Monday, April 2nd. Cowen boosted their target price on shares of USA Truck from $16.00 to $29.00 and gave the stock an outperform rating in a research note on Monday, February 5th. Finally, TheStreet upgraded shares of USA Truck from a d rating to a c rating in a research note on Friday, February 2nd. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. USA Truck presently has an average rating of Buy and an average target price of $30.33.

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USA Truck stock opened at $26.56 on Thursday. USA Truck has a twelve month low of $5.73 and a twelve month high of $27.94. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.01 and a quick ratio of 1.00.

USA Truck (NASDAQ:USAK) last posted its quarterly earnings data on Thursday, February 1st. The transportation company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.27. The business had revenue of $117.80 million for the quarter, compared to analyst estimates of $116.80 million. USA Truck had a negative return on equity of 7.09% 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 in the prior year, the company earned ($0.25) earnings per share. analysts forecast that USA Truck will post 1.33 earnings per share for the current fiscal year.

Several hedge funds have recently modified their holdings of the stock. Russell Investments Group Ltd. grew its stake in shares of USA Truck by 98.8% during the third quarter. Russell Investments Group Ltd. now owns 386,528 shares of the transportation company’s stock worth $5,430,000 after purchasing an additional 192,128 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of USA Truck by 16.4% during the second quarter. Vanguard Group Inc. now owns 261,677 shares of the transportation company’s stock worth $2,266,000 after purchasing an additional 36,911 shares in the last quarter. ACK Asset Management LLC grew its stake in shares of USA Truck by 43.6% during the fourth quarter. ACK Asset Management LLC now owns 217,400 shares of the transportation company’s stock worth $3,941,000 after purchasing an additional 65,960 shares in the last quarter. California Public Employees Retirement System grew its stake in shares of USA Truck by 12.0% during the fourth quarter. California Public Employees Retirement System now owns 99,505 shares of the transportation company’s stock worth $1,804,000 after purchasing an additional 10,689 shares in the last quarter. Finally, Renaissance Technologies LLC grew its stake in shares of USA Truck by 68.3% during the fourth quarter. Renaissance Technologies LLC now owns 95,094 shares of the transportation company’s stock worth $1,724,000 after purchasing an additional 38,594 shares in the last quarter. Hedge funds and other institutional investors own 65.72% of the company’s stock.

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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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