USA Truck, Inc. (USAK) Lowered to “Hold” at Zacks Investment Research
Zacks Investment Research cut shares of USA Truck, Inc. (NASDAQ:USAK) from a buy rating to a hold rating in a report released on Tuesday morning.
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 equities research analysts have also issued reports on USAK. Cowen and Company reiterated an outperform rating and issued a $10.00 target price (up previously from $8.00) on shares of USA Truck in a research note on Friday, August 4th. ValuEngine upgraded USA Truck from a strong sell rating to a sell rating in a research note on Monday, August 28th. Finally, Stifel Nicolaus upgraded USA Truck from a hold rating to a buy rating and increased their target price for the company from $9.00 to $15.00 in a research note on Friday, September 29th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of $12.31.
USA Truck (NASDAQ USAK) opened at $17.93 on Tuesday. The company has a debt-to-equity ratio of 2.06, a quick ratio of 1.04 and a current ratio of 1.05. USA Truck has a twelve month low of $5.73 and a twelve month high of $17.95.
USA Truck (NASDAQ:USAK) last released its quarterly earnings data on Thursday, November 2nd. The transportation company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.10. USA Truck had a negative return on equity of 19.57% and a negative net margin of 2.61%. The company had revenue of $114.20 million for the quarter, compared to the consensus estimate of $108.05 million. During the same period last year, the business posted ($0.09) EPS. The company’s quarterly revenue was up 8.2% compared to the same quarter last year. analysts predict that USA Truck will post -0.47 EPS for the current year.
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Several institutional investors and hedge funds have recently modified their holdings of USAK. Tower Research Capital LLC TRC grew its position in shares of USA Truck by 204.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 13,826 shares of the transportation company’s stock worth $120,000 after acquiring an additional 9,289 shares in the last quarter. Citigroup Inc. lifted its holdings in shares of USA Truck by 44.0% in the 2nd quarter. Citigroup Inc. now owns 14,635 shares of the transportation company’s stock worth $127,000 after purchasing an additional 4,470 shares during the last quarter. Callahan Advisors LLC bought a new stake in shares of USA Truck in the 2nd quarter worth approximately $132,000. LMR Partners LLP bought a new stake in shares of USA Truck in the 2nd quarter worth approximately $198,000. Finally, Citadel Advisors LLC bought a new stake in shares of USA Truck in the 3rd quarter worth approximately $203,000. Institutional investors own 56.85% of the company’s stock.
USA Truck Company Profile
USA Truck, Inc is a truckload carrier providing transportation of general commodities throughout the continental United States and into and out of portions of Mexico and Canada. The Company operates through two segments: Trucking and Strategic Capacity Solutions (SCS). The Trucking segment consists of truckload and dedicated freight services.
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