USA Truck (NASDAQ:USAK) had its price target increased by research analysts at Cowen from $16.00 to $29.00 in a report issued on Monday. The firm presently has an “outperform” rating on the transportation company’s stock. Cowen’s price target would indicate a potential upside of 16.05% from the stock’s current price.
Other equities analysts have also issued research reports about the company. Stephens upgraded USA Truck from an “equal weight” rating to an “overweight” rating in a research note on Friday. Zacks Investment Research lowered USA Truck from a “buy” rating to a “hold” rating in a research note on Saturday, January 6th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $18.06.
USA Truck (NASDAQ USAK) opened at $24.99 on Monday. The firm has a market capitalization of $207.36, a PE ratio of 26.87 and a beta of 2.26. USA Truck has a 52 week low of $5.73 and a 52 week high of $25.25. The company has a debt-to-equity ratio of 2.06, a quick ratio of 1.04 and a current ratio of 1.05.
Institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. purchased a new position in shares of USA Truck in the 3rd quarter valued at about $306,000. Macquarie Group Ltd. purchased a new position in shares of USA Truck in the 3rd quarter valued at about $259,000. California Public Employees Retirement System increased its stake in shares of USA Truck by 37.1% in the 2nd quarter. California Public Employees Retirement System now owns 67,243 shares of the transportation company’s stock valued at $582,000 after purchasing an additional 18,200 shares in the last quarter. Boston Partners increased its stake in shares of USA Truck by 70.5% in the 3rd quarter. Boston Partners now owns 603,063 shares of the transportation company’s stock valued at $8,473,000 after purchasing an additional 249,463 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in shares of USA Truck by 67.5% in the 2nd quarter. Goldman Sachs Group Inc. now owns 51,915 shares of the transportation company’s stock valued at $450,000 after purchasing an additional 20,915 shares in the last quarter. Hedge funds and other institutional investors own 63.89% of the company’s stock.
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USA Truck Company Profile
USA Truck, Inc is a truckload carrier providing transportation of general commodities throughout the continental United States and into and out of portions of Mexico and Canada. The Company operates through two segments: Trucking and Strategic Capacity Solutions (SCS). The Trucking segment consists of truckload and dedicated freight services.
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