Loop Capital Begins Coverage on USA Truck (USAK)

Investment analysts at Loop Capital initiated coverage on shares of USA Truck (NASDAQ:USAK) in a research note issued on Wednesday, October 17th, MarketBeat reports. The brokerage set a “buy” rating and a $34.00 price target on the transportation company’s stock. Loop Capital’s price objective points to a potential upside of 62.29% from the company’s current price.

Several other research firms have also issued reports on USAK. Cowen raised 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. Zacks Investment Research upgraded 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. Finally, ValuEngine lowered shares of USA Truck from a “buy” rating to a “hold” rating in a report on Saturday, July 28th. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $29.25.

NASDAQ USAK traded down $0.65 during trading hours on Wednesday, reaching $20.95. The company’s stock had a trading volume of 97,552 shares, compared to its average volume of 106,658. The firm has a market cap of $178.52 million, a PE ratio of -37.41 and a beta of 1.15. USA Truck has a 52 week low of $15.85 and a 52 week high of $29.15. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.05 and a quick ratio of 1.04.

USA Truck (NASDAQ:USAK) last issued its quarterly earnings data on Friday, October 26th. The transportation company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.05. The business 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 14.44%. As a group, research analysts anticipate that USA Truck will post 1.41 earnings per share for the current fiscal year.

Large investors have recently added to or reduced their stakes in the company. Bailard Inc. boosted its stake in shares of USA Truck by 150.5% during the second quarter. Bailard Inc. now owns 26,300 shares of the transportation company’s stock valued at $617,000 after purchasing an additional 15,800 shares during the period. Strs Ohio purchased a new stake in shares of USA Truck during the second quarter valued at approximately $215,000. Campbell & CO Investment Adviser LLC purchased a new stake in shares of USA Truck during the second quarter valued at approximately $279,000. Northern Trust Corp boosted its stake in shares of USA Truck by 14.0% during the first quarter. Northern Trust Corp now owns 24,121 shares of the transportation company’s stock valued at $615,000 after purchasing an additional 2,971 shares during the period. Finally, Essex Investment Management Co. LLC boosted its stake in shares of USA Truck by 37.4% during the third quarter. Essex Investment Management Co. LLC now owns 107,794 shares of the transportation company’s stock valued at $2,181,000 after purchasing an additional 29,313 shares during the period. 78.98% of the stock is owned by hedge funds and other institutional investors.

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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