Morgan Stanley reaffirmed their overweight rating on shares of US Xpress Enterprises (NYSE:USX) in a research note published on Thursday morning, Briefing.com Automated Import reports. The brokerage currently has a $20.00 target price on the stock.

A number of other brokerages have also commented on USX. Bank of America lowered shares of US Xpress Enterprises from a buy rating to a neutral rating in a report on Friday, July 12th. Stephens lowered shares of US Xpress Enterprises from an overweight rating to an equal weight rating in a report on Monday, July 1st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. US Xpress Enterprises currently has a consensus rating of Hold and an average target price of $15.75.

Shares of NYSE:USX opened at $3.69 on Thursday. US Xpress Enterprises has a 12 month low of $3.60 and a 12 month high of $16.34. The company’s 50-day moving average price is $4.68 and its two-hundred day moving average price is $6.39. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 2.06. The firm has a market cap of $177.21 million and a P/E ratio of 2.32.

US Xpress Enterprises (NYSE:USX) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.09). US Xpress Enterprises had a return on equity of 19.96% and a net margin of 1.74%. The company had revenue of $413.86 million for the quarter, compared to the consensus estimate of $426.58 million. During the same period in the prior year, the company earned $0.79 EPS. The firm’s revenue was down 8.0% compared to the same quarter last year. As a group, equities analysts predict that US Xpress Enterprises will post 0.49 earnings per share for the current fiscal year.

A number of large investors have recently modified their holdings of the business. Towle & Co. bought a new position in shares of US Xpress Enterprises in the 2nd quarter valued at about $7,955,000. Landscape Capital Management L.L.C. boosted its stake in shares of US Xpress Enterprises by 156.0% in the 2nd quarter. Landscape Capital Management L.L.C. now owns 626,938 shares of the company’s stock valued at $3,222,000 after purchasing an additional 382,084 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of US Xpress Enterprises by 23.4% in the 2nd quarter. Vanguard Group Inc. now owns 1,135,807 shares of the company’s stock valued at $5,837,000 after purchasing an additional 215,471 shares during the last quarter. Emerald Mutual Fund Advisers Trust boosted its stake in shares of US Xpress Enterprises by 42.2% in the 1st quarter. Emerald Mutual Fund Advisers Trust now owns 650,628 shares of the company’s stock valued at $4,301,000 after purchasing an additional 192,939 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of US Xpress Enterprises by 12.3% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 1,676,050 shares of the company’s stock valued at $8,615,000 after purchasing an additional 183,811 shares during the last quarter. 34.84% of the stock is currently owned by hedge funds and other institutional investors.

US Xpress Enterprises Company Profile

U.S. Xpress Enterprises, Inc operates as an asset-based truckload carrier providing services primarily in the United States. It operates through 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.

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