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.
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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