USA Truck (NASDAQ:USAK) Stock Rating Lowered by Zacks Investment Research

USA Truck (NASDAQ:USAKGet Rating) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Thursday, Zacks.com reports.

According to Zacks, “USA Truck, Inc. is engaged in the transportation of general commodity freight in interstate and foreign commerce. They hold authority to transport and does transport freight between all points in the continental United States, other than intrastate, and between all points in the U.S., and the Canadian provinces of Ontario and Quebec. “

A number of other analysts have also issued reports on the stock. Cowen lifted their price target on shares of USA Truck from $30.00 to $39.00 and gave the stock an “outperform” rating in a research note on Monday, February 7th. Stephens dropped their price target on shares of USA Truck from $27.00 to $25.00 in a research note on Friday, April 1st. Finally, StockNews.com lowered shares of USA Truck from a “strong-buy” rating to a “buy” rating in a research note on Friday, April 15th.

USAK opened at $15.80 on Thursday. The firm has a market capitalization of $142.34 million, a P/E ratio of 5.72 and a beta of 1.86. The firm’s 50 day moving average is $21.33 and its 200-day moving average is $19.95. USA Truck has a 52-week low of $13.01 and a 52-week high of $29.09. The company has a quick ratio of 1.28, a current ratio of 1.30 and a debt-to-equity ratio of 1.07.

USA Truck (NASDAQ:USAKGet Rating) last posted its quarterly earnings data on Thursday, February 3rd. The transportation company reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.60. The company had revenue of $200.85 million for the quarter. USA Truck had a net margin of 3.49% and a return on equity of 26.30%. During the same quarter in the prior year, the business earned $0.70 EPS. Equities analysts expect that USA Truck will post 3.63 earnings per share for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the business. Barclays PLC boosted its holdings in USA Truck by 246.5% in the third quarter. Barclays PLC now owns 2,155 shares of the transportation company’s stock worth $33,000 after purchasing an additional 1,533 shares during the period. Denali Advisors LLC acquired a new position in USA Truck in the fourth quarter worth $72,000. Victory Capital Management Inc. acquired a new position in USA Truck in the third quarter worth $103,000. WINTON GROUP Ltd acquired a new position in USA Truck in the third quarter worth $160,000. Finally, Ritholtz Wealth Management acquired a new position in USA Truck in the first quarter worth $228,000. 49.53% of the stock is owned by hedge funds and other institutional investors.

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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