USA Truck Inc. (NASDAQ:USAK) was upgraded by equities research analysts at Stifel Nicolaus from a “sell” rating to a “hold” rating in a report released on Monday. The firm currently has a $9.00 price target on the stock. Stifel Nicolaus’ target price would indicate a potential upside of 4.65% from the stock’s previous close. The analysts noted that the move was a valuation call.
Several other research analysts also recently commented on USAK. Cowen and Company decreased their target price on shares of USA Truck from $26.00 to $19.00 and set an “outperform” rating on the stock in a research note on Thursday, August 4th. Zacks Investment Research raised shares of USA Truck from a “sell” rating to a “hold” rating in a research note on Thursday, October 6th.
USA Truck (NASDAQ:USAK) opened at 8.60 on Monday. The company’s 50-day moving average is $8.78 and its 200 day moving average is $14.12. The company has a market capitalization of $69.39 million, a price-to-earnings ratio of 2866.67 and a beta of 2.22. USA Truck has a 52 week low of $7.65 and a 52 week high of $21.46.
USA Truck (NASDAQ:USAK) last issued its earnings results on Friday, November 4th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.09 by $0.18. USA Truck had a return on equity of 4.84% and a net margin of 0.01%. The firm earned $105.50 million during the quarter, compared to analysts’ expectations of $105.70 million. During the same period in the previous year, the firm earned $0.43 earnings per share. The firm’s quarterly revenue was down 14.6% compared to the same quarter last year. On average, analysts forecast that USA Truck will post $0.29 EPS for the current fiscal year.
A number of hedge funds have recently added to or reduced their stakes in USAK. JPMorgan Chase & Co. boosted its stake in USA Truck by 17.3% in the third quarter. JPMorgan Chase & Co. now owns 884,391 shares of the company’s stock valued at $9,056,000 after buying an additional 130,461 shares during the period. Horrell Capital Management Inc. boosted its stake in USA Truck by 0.5% in the third quarter. Horrell Capital Management Inc. now owns 26,990 shares of the company’s stock valued at $276,000 after buying an additional 128 shares during the period. Wedge Capital Management L L P NC boosted its stake in USA Truck by 145.1% in the second quarter. Wedge Capital Management L L P NC now owns 39,700 shares of the company’s stock valued at $695,000 after buying an additional 23,500 shares during the period. Metropolitan Life Insurance Co. NY bought a new stake in USA Truck during the second quarter valued at $127,000. Finally, State Street Corp boosted its stake in USA Truck by 1.0% in the second quarter. State Street Corp now owns 106,328 shares of the company’s stock valued at $1,865,000 after buying an additional 1,016 shares during the period. Institutional investors and hedge funds own 72.23% of the company’s stock.
USA Truck Company Profile