U.S. Xpress Enterprises, Inc. (NYSE:USX) Given Average Rating of “Sell” by Analysts

Shares of U.S. Xpress Enterprises, Inc. (NYSE:USX – Get Rating) have earned a consensus rating of “Sell” from the seven brokerages that are currently covering the stock, MarketBeat reports. Four analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $7.13.

A number of brokerages recently commented on USX. JPMorgan Chase & Co. lowered U.S. Xpress Enterprises from a “neutral” rating to an “underweight” rating in a research note on Thursday, February 10th. Wolfe Research cut U.S. Xpress Enterprises from a “market perform” rating to an “underperform” rating and set a $5.00 price target on the stock. in a research report on Thursday, January 6th. Stephens lowered their price target on U.S. Xpress Enterprises from $5.00 to $4.50 in a research report on Friday, April 1st. Finally, Zacks Investment Research cut U.S. Xpress Enterprises from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 15th.

In other U.S. Xpress Enterprises news, Director Michael L. Ducker bought 10,000 shares of the firm’s stock in a transaction dated Monday, February 14th. The shares were bought at an average price of $3.60 per share, for a total transaction of $36,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Eric A. Peterson bought 27,240 shares of the firm’s stock in a transaction dated Monday, February 14th. The shares were acquired at an average price of $3.74 per share, for a total transaction of $101,877.60. The disclosure for this purchase can be found here. Insiders have bought 195,243 shares of company stock worth $770,279 in the last 90 days. Company insiders own 30.54% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. BlackRock Inc. grew its holdings in shares of U.S. Xpress Enterprises by 9.7% during the fourth quarter. BlackRock Inc. now owns 1,678,180 shares of the company’s stock worth $9,852,000 after purchasing an additional 148,666 shares during the last quarter. Royce & Associates LP lifted its stake in shares of U.S. Xpress Enterprises by 21.1% during the fourth quarter. Royce & Associates LP now owns 1,434,993 shares of the company’s stock valued at $8,423,000 after acquiring an additional 250,024 shares during the period. Cornerstone Capital Inc. lifted its stake in shares of U.S. Xpress Enterprises by 12.7% during the third quarter. Cornerstone Capital Inc. now owns 983,410 shares of the company’s stock valued at $8,487,000 after acquiring an additional 110,975 shares during the period. Morgan Stanley lifted its stake in shares of U.S. Xpress Enterprises by 28.5% during the third quarter. Morgan Stanley now owns 805,943 shares of the company’s stock valued at $6,954,000 after acquiring an additional 178,942 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in shares of U.S. Xpress Enterprises by 1.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 574,466 shares of the company’s stock valued at $3,372,000 after acquiring an additional 8,114 shares during the period. Institutional investors own 35.81% of the company’s stock.

Shares of NYSE USX opened at $3.40 on Friday. The business has a fifty day simple moving average of $4.07 and a 200 day simple moving average of $5.85. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.04. The firm has a market capitalization of $171.67 million, a price-to-earnings ratio of 16.19, a PEG ratio of 0.18 and a beta of 1.64. U.S. Xpress Enterprises has a one year low of $3.07 and a one year high of $12.05.

U.S. Xpress Enterprises (NYSE:USX – Get Rating) last issued its earnings results on Wednesday, February 9th. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.11). The firm had revenue of $531.61 million during the quarter, compared to analyst estimates of $517.90 million. U.S. Xpress Enterprises had a net margin of 0.56% and a return on equity of 2.94%. During the same quarter in the previous year, the company posted $0.15 earnings per share. On average, research analysts anticipate that U.S. Xpress Enterprises will post 0.36 earnings per share for the current fiscal year.

About U.S. Xpress Enterprises (Get Rating)

U.S. Xpress Enterprises, Inc operates as an asset-based truckload carrier providing services primarily in the United States. It operates through two segments, Truckload and Brokerage. The Truckload segment offers over-the-road trucking and contract services. The Brokerage segment provides non-asset-based freight brokerage services.

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