US Xpress Enterprises (NYSE:USX) PT Lowered to $15.00 at JPMorgan Chase & Co.

US Xpress Enterprises (NYSE:USX) had its price target reduced by analysts at JPMorgan Chase & Co. from $16.00 to $15.00 in a report issued on Friday, November 2nd. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s price objective would indicate a potential upside of 95.57% from the stock’s current price.

Several other research firms have also commented on USX. Wells Fargo & Co assumed coverage on shares of US Xpress Enterprises in a research note on Monday, July 9th. They issued an “outperform” rating and a $21.00 price objective for the company. Stifel Nicolaus assumed coverage on shares of US Xpress Enterprises in a research note on Monday, July 9th. They issued a “buy” rating and a $22.00 price objective for the company. Bank of America assumed coverage on shares of US Xpress Enterprises in a research note on Monday, July 9th. They issued a “buy” rating and a $20.00 price objective for the company. Morgan Stanley assumed coverage on shares of US Xpress Enterprises in a research note on Monday, July 9th. They issued an “overweight” rating and a $25.00 price objective for the company. Finally, Stephens assumed coverage on shares of US Xpress Enterprises in a research note on Monday, July 9th. They issued an “overweight” rating for the company. One analyst has rated the stock with a sell rating and seven have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $18.67.

USX stock traded down $0.64 during mid-day trading on Friday, hitting $7.67. 557,780 shares of the company were exchanged. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.31. US Xpress Enterprises has a 12-month low of $6.54 and a 12-month high of $16.94.

US Xpress Enterprises (NYSE:USX) last announced its earnings results on Thursday, November 1st. The company reported $0.33 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by ($0.05). The business had revenue of $460.23 million for the quarter, compared to the consensus estimate of $462.27 million. US Xpress Enterprises’s revenue for the quarter was up 18.0% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.11) earnings per share. As a group, analysts expect that US Xpress Enterprises will post 1.34 EPS for the current year.

In other news, Director John C. Rickel purchased 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 6th. The stock was bought at an average price of $7.49 per share, for a total transaction of $37,450.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Institutional investors have recently modified their holdings of the stock. Penn Capital Management Co. Inc. acquired a new stake in US Xpress Enterprises during the second quarter worth approximately $1,145,000. Emerald Advisers Inc. PA acquired a new stake in US Xpress Enterprises during the second quarter worth approximately $15,314,000. Emerald Mutual Fund Advisers Trust acquired a new stake in US Xpress Enterprises during the second quarter worth approximately $14,347,000. Sei Investments Co. acquired a new stake in US Xpress Enterprises during the second quarter worth approximately $1,341,000. Finally, Dean Capital Investments Management LLC acquired a new stake in US Xpress Enterprises during the second quarter worth approximately $545,000.

About US Xpress Enterprises

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: Risk Tolerance and Your Investment Decisions

Analyst Recommendations for US Xpress Enterprises (NYSE:USX)

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