USA Truck (USAK) Given a $30.00 Price Target by Stifel Nicolaus Analysts

Stifel Nicolaus set a $30.00 price target on USA Truck (NASDAQ:USAK) in a research note released on Monday. The brokerage currently has a buy rating on the transportation company’s stock.

Several other equities research analysts have also commented on USAK. 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 report on Tuesday, July 24th. ValuEngine lowered shares of USA Truck from a buy rating to a hold rating in a report on Saturday, July 28th. Cowen boosted their price target on shares of USA Truck from $29.00 to $32.00 and gave the stock an outperform rating in a report on Monday, July 30th. Finally, Loop Capital initiated coverage on shares of USA Truck in a report on Wednesday, October 17th. They issued a buy rating and a $34.00 price target for the company. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has an average rating of Buy and an average target price of $30.00.

Shares of NASDAQ USAK opened at $20.23 on Monday. The firm has a market capitalization of $157.11 million, a P/E ratio of -36.13 and a beta of 1.56. The company has a quick ratio of 1.10, a current ratio of 1.11 and a debt-to-equity ratio of 1.15. USA Truck has a one year low of $13.78 and a one year high of $29.15.

USA Truck (NASDAQ:USAK) last issued its quarterly earnings results on Friday, October 26th. The transportation company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.38 by $0.05. The company had revenue of $132.58 million during the quarter, compared to analyst estimates of $133.30 million. USA Truck had a net margin of 4.20% and a return on equity of 14.75%. Equities research analysts expect that USA Truck will post 1.41 earnings per share for the current year.

Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. grew its holdings in shares of 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 buying an additional 374,110 shares in the last quarter. Millennium Management LLC grew its holdings in shares of 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 buying an additional 240,008 shares in the last quarter. Boston Partners grew its holdings in shares of 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 buying an additional 84,000 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of USA Truck by 22.3% during the second quarter. Renaissance Technologies LLC now owns 289,500 shares of the transportation company’s stock worth $6,795,000 after buying an additional 52,800 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in shares of USA Truck by 32.2% during the second quarter. Russell Investments Group Ltd. now owns 239,870 shares of the transportation company’s stock worth $5,629,000 after buying an additional 58,472 shares in the last quarter. 79.47% of the stock is owned by institutional investors and hedge funds.

About USA Truck

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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