USA Truck (NASDAQ:USAK) Cut to Buy at StockNews.com

StockNews.com cut shares of USA Truck (NASDAQ:USAK – Get Rating) from a strong-buy rating to a buy rating in a research report released on Friday.

Several other research analysts also recently weighed in on USAK. Zacks Investment Research raised shares of USA Truck from a hold rating to a strong-buy rating and set a $28.00 target price for the company in a research note on Friday, February 11th. Stephens cut their target price on shares of USA Truck from $27.00 to $25.00 in a research note on Friday, April 1st. Finally, Cowen boosted their target price on shares of USA Truck from $30.00 to $39.00 and gave the company an outperform rating in a research note on Monday, February 7th.

Shares of NASDAQ USAK opened at $14.86 on Friday. The firm has a market capitalization of $133.89 million, a P/E ratio of 5.38 and a beta of 1.86. USA Truck has a one year low of $13.01 and a one year high of $29.09. The company’s fifty day moving average is $21.84 and its two-hundred day moving average is $19.90. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.28 and a current ratio of 1.30.

USA Truck (NASDAQ:USAK – Get Rating) last released its quarterly earnings results on Thursday, February 3rd. The transportation company reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.60. USA Truck had a return on equity of 26.30% and a net margin of 3.49%. The business had revenue of $200.85 million during the quarter. During the same period last year, the firm earned $0.70 EPS. On average, sell-side analysts forecast that USA Truck will post 3.63 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Assenagon Asset Management S.A. purchased a new stake in shares of USA Truck during the 4th quarter worth about $3,402,000. Renaissance Technologies LLC purchased a new stake in shares of USA Truck during the 4th quarter worth about $1,773,000. GSA Capital Partners LLP grew its holdings in shares of USA Truck by 277.1% during the 3rd quarter. GSA Capital Partners LLP now owns 84,364 shares of the transportation company’s stock worth $1,289,000 after purchasing an additional 61,995 shares during the period. Acadian Asset Management LLC grew its holdings in shares of USA Truck by 37.5% during the 4th quarter. Acadian Asset Management LLC now owns 214,485 shares of the transportation company’s stock worth $4,262,000 after purchasing an additional 58,461 shares during the period. Finally, Naviter Wealth LLC purchased a new stake in shares of USA Truck during the 4th quarter worth about $865,000. Institutional investors own 49.53% of the company’s stock.

USA Truck Company Profile (Get Rating)

USA Truck, Inc operates as a truckload carrier in the United States, Mexico, and Canada. The company operates in two segments, Trucking and USAT Logistics. The Trucking segment offers motor carrier services as a medium-haul common and contract carrier; and freight services. The USAT Logistics segment provides freight brokerage, logistics, and intermodal rail services.

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