Cowen Increases USA Truck (USAK) Price Target to $29.00

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.

USA Truck (NASDAQ:USAK) last released its quarterly earnings data on Thursday, February 1st. The transportation company reported $0.35 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.27. The business had revenue of $117.80 million during the quarter, compared to analyst estimates of $116.80 million. USA Truck had a negative return on equity of 7.58% and a net margin of 1.68%. The company’s revenue was up 9.3% on a year-over-year basis. During the same quarter last year, the business posted ($0.25) EPS. equities research analysts expect that USA Truck will post 0.95 earnings per share for the current fiscal year.

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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