USA Truck (USAK) Upgraded to “B-” by TheStreet

USA Truck (NASDAQ:USAK) was upgraded by TheStreet from a “c” rating to a “b-” rating in a research report issued on Friday.

USAK has been the topic of a number of other reports. Cowen reiterated an “outperform” rating and set a $30.00 price target (down from $32.00) on shares of USA Truck in a research report on Monday. Zacks Investment Research cut shares of USA Truck from a “buy” rating to a “hold” rating in a research report on Friday, August 3rd. ValuEngine cut shares of USA Truck from a “buy” rating to a “hold” rating in a research report on Saturday, July 28th. Stifel Nicolaus set a $30.00 price target on shares of USA Truck and gave the company a “buy” rating in a research report on Monday. Finally, Loop Capital began coverage on shares of USA Truck in a research report on Wednesday, October 17th. They set a “buy” rating and a $34.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. USA Truck currently has an average rating of “Buy” and an average price target of $30.00.

Shares of NASDAQ USAK opened at $20.20 on Friday. USA Truck has a one year low of $13.78 and a one year high of $29.15. The company has a current ratio of 1.11, a quick ratio of 1.10 and a debt-to-equity ratio of 1.15. The company has a market cap of $157.11 million, a price-to-earnings ratio of -36.07 and a beta of 1.56.

USA Truck (NASDAQ:USAK) last issued its quarterly earnings results on Friday, October 26th. The transportation company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.05. USA Truck had a net margin of 4.20% and a return on equity of 14.75%. The business had revenue of $132.58 million for the quarter, compared to analysts’ expectations of $133.30 million. As a group, sell-side analysts predict that USA Truck will post 1.41 EPS for the current fiscal year.

Several institutional investors have recently modified their holdings of USAK. BlackRock Inc. grew its holdings in shares of USA Truck by 145.1% in 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 grew its holdings in shares of USA Truck by 197.4% in 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 grew its holdings in shares of USA Truck by 36.9% in 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 grew its holdings in shares of USA Truck by 294.3% in 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 grew its holdings in shares of USA Truck by 315.0% in 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 79.47% of the company’s stock.

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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