US Xpress Enterprises (USX) Downgraded by Zacks Investment Research to Sell

Zacks Investment Research downgraded shares of US Xpress Enterprises (NYSE:USX) from a hold rating to a sell rating in a report published on Wednesday morning.

According to Zacks, “U.S. Xpress Enterprises, Inc. provides transportation services. The Company offers long and medium haul, contract carriage and rail services. U.S. Xpress Enterprises, Inc. is based in TN, United States. “

Other equities research analysts have also issued reports about the stock. Bank of America lowered their price target on shares of US Xpress Enterprises from $20.00 to $15.00 and set a buy rating on the stock in a research note on Friday, November 2nd. JPMorgan Chase & Co. lowered their price target on shares of US Xpress Enterprises from $16.00 to $15.00 and set an overweight rating on the stock in a research note on Friday, November 2nd. Finally, Morgan Stanley lifted their price target on shares of US Xpress Enterprises from $25.00 to $26.00 and gave the company an overweight rating in a research note on Monday, August 6th. One research analyst has rated the stock with a sell rating and seven have issued a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average price target of $18.67.

Shares of USX stock opened at $7.67 on Wednesday. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.06 and a current ratio of 1.06. US Xpress Enterprises has a 1 year low of $6.54 and a 1 year high of $16.94.

US Xpress Enterprises (NYSE:USX) last issued its quarterly earnings results on Thursday, November 1st. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.05). The business had revenue of $460.23 million for the quarter, compared to analysts’ expectations of $462.27 million. During the same quarter in the prior year, the firm earned ($0.11) EPS. The company’s revenue was up 18.0% on a year-over-year basis. Equities analysts anticipate that US Xpress Enterprises will post 1.34 earnings per share for the current year.

In other US Xpress Enterprises news, Director John C. Rickel purchased 5,000 shares of the stock in a transaction on Tuesday, November 6th. The shares were purchased at an average cost of $7.49 per share, for a total transaction of $37,450.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Institutional investors and hedge funds have recently made changes to their positions in the company. Legal & General Group Plc bought a new position in shares of US Xpress Enterprises in the 2nd quarter valued at about $152,000. Northern Trust Corp bought a new position in shares of US Xpress Enterprises in the 2nd quarter valued at about $188,000. American International Group Inc. bought a new position in shares of US Xpress Enterprises in the 3rd quarter valued at about $192,000. Rhumbline Advisers bought a new position in shares of US Xpress Enterprises in the 3rd quarter valued at about $222,000. Finally, Engineers Gate Manager LP bought a new position in shares of US Xpress Enterprises in the 3rd quarter valued at about $346,000.

About US Xpress Enterprises

U.S. Xpress Enterprises, Inc operates as an asset-based truckload carrier providing services primarily in the United States. It operates in two segments, Truckload and Brokerage. The Truckload segment offers asset-based truckload services, including the over-the-road and contract services. The Brokerage segment provides non-asset-based freight brokerage services.

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