US Xpress Enterprises (USX) Stock Price Down 7.7%

US Xpress Enterprises Inc (NYSE:USX) fell 7.7% on Friday . The company traded as low as $7.48 and last traded at $7.67. 557,780 shares changed hands during trading, an increase of 25% from the average session volume of 447,763 shares. The stock had previously closed at $8.31.

A number of brokerages recently weighed in on USX. Zacks Investment Research downgraded US Xpress Enterprises from a “hold” rating to a “sell” rating in a research report on Thursday, October 4th. Morgan Stanley raised their price objective on US Xpress Enterprises from $25.00 to $26.00 and gave the company an “overweight” rating in a research report on Monday, August 6th. Bank of America dropped their price objective on US Xpress Enterprises from $20.00 to $15.00 and set a “buy” rating on the stock in a research report on Friday, November 2nd. Finally, JPMorgan Chase & Co. dropped their price objective on US Xpress Enterprises from $16.00 to $15.00 and set an “overweight” rating on the stock in a research report on Friday, November 2nd. One investment analyst has rated the stock with a sell rating and seven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $18.67.

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 (NYSE:USX) last issued its quarterly earnings data on Thursday, November 1st. The company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.05). The company had revenue of $460.23 million during the quarter, compared to the consensus estimate of $462.27 million. During the same quarter in the prior year, the firm posted ($0.11) earnings per share. US Xpress Enterprises’s quarterly revenue was up 18.0% compared to the same quarter last year. Sell-side analysts expect that US Xpress Enterprises Inc will post 1.34 EPS for the current year.

In related news, Director John C. Rickel acquired 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 6th. The shares were bought at an average price of $7.49 per share, with a total value of $37,450.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Hedge funds and other institutional investors have recently modified their holdings of the business. Legal & General Group Plc acquired a new stake in US Xpress Enterprises in the second quarter worth about $152,000. Northern Trust Corp acquired a new stake in US Xpress Enterprises in the second quarter worth about $188,000. American International Group Inc. acquired a new stake in US Xpress Enterprises in the third quarter worth about $192,000. Rhumbline Advisers acquired a new stake in US Xpress Enterprises in the third quarter worth about $222,000. Finally, Engineers Gate Manager LP acquired a new stake in US Xpress Enterprises in the third quarter worth about $346,000.

ILLEGAL ACTIVITY WARNING: “US Xpress Enterprises (USX) Stock Price Down 7.7%” was reported by WKRB News and is owned by of WKRB News. If you are accessing this report on another publication, it was copied illegally and republished in violation of U.S. & international copyright and trademark law. The original version of this report can be read at https://www.wkrb13.com/2018/11/10/us-xpress-enterprises-usx-stock-price-down-7-7.html.

About US Xpress Enterprises (NYSE:USX)

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.

Recommended Story: Calculate Your Return on Investment (ROI)

Receive News & Ratings for US Xpress Enterprises Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for US Xpress Enterprises and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply