Shares of USA Truck, Inc. (NASDAQ:USAK) have been given a consensus recommendation of “Buy” by the six research firms that are covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $32.00.

Several equities research analysts recently issued reports on the company. Zacks Investment Research raised USA Truck from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research report on Tuesday, May 29th. ValuEngine raised USA Truck from a “hold” rating to a “buy” rating in a research report on Wednesday, May 23rd. Finally, Cowen upped their price target on USA Truck from $29.00 to $32.00 and gave the company an “outperform” rating in a research report on Monday, July 30th.

A number of institutional investors and hedge funds have recently modified their holdings of USAK. Wells Fargo & Company MN grew its stake in USA Truck by 40.6% during the 1st quarter. Wells Fargo & Company MN now owns 18,565 shares of the transportation company’s stock worth $473,000 after buying an additional 5,361 shares during the last quarter. Schwab Charles Investment Management Inc. bought a new position in USA Truck during the 1st quarter worth $255,000. Engineers Gate Manager LP bought a new position in USA Truck during the 1st quarter worth $346,000. O Shaughnessy Asset Management LLC grew its stake in USA Truck by 92.3% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 32,909 shares of the transportation company’s stock worth $839,000 after buying an additional 15,796 shares during the last quarter. Finally, ClariVest Asset Management LLC bought a new position in USA Truck during the 1st quarter worth $251,000. Hedge funds and other institutional investors own 79.12% of the company’s stock.

Shares of USAK opened at $21.88 on Friday. USA Truck has a 52-week low of $11.48 and a 52-week high of $29.15. The company has a market capitalization of $191.44 million, a price-to-earnings ratio of -39.07 and a beta of 1.81. The company has a current ratio of 1.11, a quick ratio of 1.10 and a debt-to-equity ratio of 1.15.

USA Truck (NASDAQ:USAK) last announced its earnings results on Friday, July 27th. The transportation company reported $0.31 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.03. USA Truck had a return on equity of 10.78% and a net margin of 3.78%. The company had revenue of $135.38 million for the quarter, compared to analyst estimates of $123.50 million. sell-side analysts expect that USA Truck will post 1.41 earnings per share for the current fiscal year.

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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