USA Truck (USAK) Earns Buy Rating from Analysts at Loop Capital

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Loop Capital began coverage on shares of USA Truck (NASDAQ:USAK) in a research report report published on Wednesday morning, MarketBeat reports. The firm issued a buy rating and a $34.00 price target on the transportation company’s stock.

USAK has been the subject of a number of other reports. Zacks Investment Research downgraded USA Truck from a buy rating to a hold rating in a research note on Friday, August 3rd. ValuEngine downgraded USA Truck from a buy rating to a hold rating in a research note on Saturday, July 28th. Finally, Cowen lifted their price target on USA Truck from $29.00 to $32.00 and gave the stock an outperform rating in a research note on Monday, July 30th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. USA Truck currently has a consensus rating of Buy and an average price target of $31.00.

Shares of USA Truck stock opened at $17.41 on Wednesday. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.11 and a quick ratio of 1.10. The stock has a market cap of $143.89 million, a PE ratio of -31.09 and a beta of 1.56. USA Truck has a 1-year low of $12.14 and a 1-year high of $29.15.

USA Truck (NASDAQ:USAK) last posted its quarterly earnings results on Friday, July 27th. The transportation company reported $0.31 EPS for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.03. The business had revenue of $135.38 million during the quarter, compared to the consensus estimate of $123.50 million. USA Truck had a return on equity of 10.78% and a net margin of 3.78%. On average, analysts predict that USA Truck will post 1.41 EPS for the current fiscal year.

A number of large investors have recently bought and sold shares of the stock. Wells Fargo & Company MN lifted its holdings in USA Truck by 40.6% in the first quarter. Wells Fargo & Company MN now owns 18,565 shares of the transportation company’s stock worth $473,000 after acquiring an additional 5,361 shares during the last quarter. Schwab Charles Investment Management Inc. bought a new position in USA Truck in the first quarter worth about $255,000. Northern Trust Corp lifted its holdings in USA Truck by 14.0% in the first quarter. Northern Trust Corp now owns 24,121 shares of the transportation company’s stock worth $615,000 after acquiring an additional 2,971 shares during the last quarter. GSA Capital Partners LLP lifted its holdings in USA Truck by 80.0% in the first quarter. GSA Capital Partners LLP now owns 20,700 shares of the transportation company’s stock worth $528,000 after acquiring an additional 9,200 shares during the last quarter. Finally, Allianz Asset Management GmbH lifted its holdings in USA Truck by 9.4% in the first quarter. Allianz Asset Management GmbH now owns 75,870 shares of the transportation company’s stock worth $1,934,000 after acquiring an additional 6,517 shares during the last quarter. Institutional investors and hedge funds own 79.12% of the company’s stock.

USA Truck Company Profile

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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