USA Truck, Inc. (USAK) Receives $29.25 Consensus Price Target from Analysts

Shares of USA Truck, Inc. (NASDAQ:USAK) have received an average recommendation of “Buy” from the seven research firms that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $29.25.

A number of analysts have recently weighed in on USAK shares. Zacks Investment Research raised shares of USA Truck from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a research report on Tuesday, July 24th. ValuEngine downgraded shares of USA Truck from a “buy” rating to a “hold” rating in a research report on Saturday, July 28th. Cowen raised their price objective on USA Truck from $29.00 to $32.00 and gave the stock an “outperform” rating in a research note on Monday, July 30th. Loop Capital began coverage on USA Truck in a research note on Wednesday, October 17th. They set a “buy” rating and a $34.00 price objective on the stock. Finally, Stifel Nicolaus set a $30.00 price objective on USA Truck and gave the stock a “buy” rating in a research note on Monday, October 29th.

A number of institutional investors and hedge funds have recently made changes to their positions in USAK. BlackRock Inc. lifted its stake in USA Truck by 145.1% during the second quarter. BlackRock Inc. now owns 631,874 shares of the transportation company’s stock worth $14,830,000 after purchasing an additional 374,110 shares during the last quarter. Millennium Management LLC lifted its stake in USA Truck by 197.4% during the first quarter. Millennium Management LLC now owns 361,575 shares of the transportation company’s stock worth $9,217,000 after purchasing an additional 240,008 shares during the last quarter. Boston Partners lifted its stake in USA Truck by 36.9% during the second quarter. Boston Partners now owns 311,350 shares of the transportation company’s stock worth $7,307,000 after purchasing an additional 84,000 shares during the last quarter. Northern Trust Corp lifted its stake in USA Truck by 294.3% during the second quarter. Northern Trust Corp now owns 95,118 shares of the transportation company’s stock worth $2,232,000 after purchasing an additional 70,997 shares during the last quarter. Finally, GSA Capital Partners LLP lifted its stake in USA Truck by 315.0% during the second quarter. GSA Capital Partners LLP now owns 85,900 shares of the transportation company’s stock worth $2,016,000 after purchasing an additional 65,200 shares during the last quarter. Hedge funds and other institutional investors own 78.98% of the company’s stock.

USAK stock opened at $20.38 on Friday. USA Truck has a twelve month low of $15.08 and a twelve month high of $29.15. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.05 and a quick ratio of 1.04. The company has a market cap of $167.24 million, a PE ratio of -36.39 and a beta of 1.15.

USA Truck (NASDAQ:USAK) last released its quarterly earnings results on Friday, October 26th. The transportation company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.05. USA Truck had a net margin of 4.20% and a return on equity of 14.44%. The business had revenue of $132.58 million during the quarter, compared to the consensus estimate of $133.30 million. On average, analysts anticipate that USA Truck will post 1.41 EPS for the current 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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