USA Truck (USAK) Upgraded to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of USA Truck (NASDAQ:USAK) from a hold rating to a buy rating in a report released on Friday, Zacks.com reports. They currently have $17.00 price objective on the transportation company’s stock.

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. “

Separately, ValuEngine upgraded USA Truck from a strong sell rating to a sell rating in a research note on Thursday, January 17th. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. USA Truck presently has a consensus rating of Buy and an average target price of $27.75.



Shares of NASDAQ:USAK opened at $15.13 on Friday. The firm has a market cap of $131.77 million, a price-to-earnings ratio of 9.70 and a beta of 1.60. USA Truck has a 12-month low of $13.82 and a 12-month high of $29.15. The company has a debt-to-equity ratio of 1.72, a current ratio of 1.05 and a quick ratio of 1.04.

USA Truck (NASDAQ:USAK) last announced its quarterly earnings data on Monday, February 4th. The transportation company reported $0.68 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.12. The business had revenue of $141.08 million during the quarter, compared to analysts’ expectations of $150.40 million. USA Truck had a return on equity of 17.63% and a net margin of 2.29%. As a group, research analysts anticipate that USA Truck will post 2.02 EPS for the current year.

Hedge funds have recently bought and sold shares of the company. Bank of America Corp DE raised its stake in shares of USA Truck by 60.2% in the fourth quarter. Bank of America Corp DE now owns 9,336 shares of the transportation company’s stock worth $139,000 after purchasing an additional 3,508 shares during the last quarter. Rhumbline Advisers purchased a new position in shares of USA Truck in the fourth quarter worth $153,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of USA Truck in the third quarter worth $249,000. Monarch Partners Asset Management LLC raised its stake in shares of USA Truck by 49.2% in the fourth quarter. Monarch Partners Asset Management LLC now owns 23,644 shares of the transportation company’s stock worth $354,000 after purchasing an additional 7,794 shares during the last quarter. Finally, Prudential Financial Inc. purchased a new position in shares of USA Truck in the third quarter worth $357,000. Hedge funds and other institutional investors own 77.43% of the company’s stock.

USA Truck Company Profile

USA Truck, Inc operates as a truckload carrier in the United States, Mexico, and Canada. The company operates through two segments, Trucking and USAT Logistics. The Trucking segment offers truckload motor carrier services as a medium to long-haul common and contract carrier; and dedicated freight services.

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