USA Truck, Inc. (NASDAQ:USAK) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Thursday. The firm presently has a $17.00 target price on the transportation company’s stock. Zacks Investment Research‘s price target would suggest a potential upside of 1.43% from the company’s previous close.

According to Zacks, “USA Truck, Inc. is engaged in the transportation of general commodity freight in interstate and foreign commerce. They hold authority to transport and does transport freight between all points in the continental United States, other than intrastate, and between all points in the U.S., and the Canadian provinces of Ontario and Quebec. “

Several other analysts also recently weighed in on the company. ValuEngine upgraded USA Truck from a “strong sell” rating to a “sell” rating in a research note on Monday, August 28th. Cowen and Company reiterated a “buy” rating and set a $10.00 target price on shares of USA Truck in a research note on Friday, September 8th. Finally, Stifel Nicolaus upgraded USA Truck from a “hold” rating to a “buy” rating and increased their target price for the company from $9.00 to $15.00 in a research note on Friday, September 29th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. USA Truck currently has an average rating of “Buy” and an average price target of $12.31.

Shares of USA Truck (NASDAQ:USAK) opened at $16.76 on Thursday. The company has a current ratio of 1.05, a quick ratio of 1.16 and a debt-to-equity ratio of 2.06. USA Truck has a 52 week low of $5.73 and a 52 week high of $16.78.

USA Truck (NASDAQ:USAK) last posted its quarterly earnings results on Thursday, November 2nd. The transportation company reported $0.05 earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.10. The company had revenue of $114.20 million for the quarter, compared to the consensus estimate of $108.05 million. USA Truck had a negative return on equity of 19.57% and a negative net margin of 2.61%. The firm’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.09) EPS. sell-side analysts predict that USA Truck will post -0.47 EPS for the current year.

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In other USA Truck news, CFO Jason R. Bates bought 8,500 shares of the business’s stock in a transaction on Monday, August 14th. The shares were acquired at an average cost of $8.23 per share, for a total transaction of $69,955.00. Following the purchase, the chief financial officer now owns 33,732 shares in the company, valued at approximately $277,614.36. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last quarter, insiders have acquired 9,550 shares of company stock worth $78,467. Company insiders own 3.50% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Horrell Capital Management Inc. boosted its stake in USA Truck by 2.5% during the 2nd quarter. Horrell Capital Management Inc. now owns 27,941 shares of the transportation company’s stock valued at $242,000 after purchasing an additional 681 shares during the last quarter. BlueCrest Capital Management Ltd boosted its stake in USA Truck by 12.4% during the 2nd quarter. BlueCrest Capital Management Ltd now owns 28,105 shares of the transportation company’s stock valued at $243,000 after purchasing an additional 3,105 shares during the last quarter. Citigroup Inc. boosted its stake in USA Truck by 44.0% during the 2nd quarter. Citigroup Inc. now owns 14,635 shares of the transportation company’s stock valued at $127,000 after purchasing an additional 4,470 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in USA Truck by 204.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 13,826 shares of the transportation company’s stock valued at $120,000 after purchasing an additional 9,289 shares during the last quarter. Finally, Intrinsic Edge Capital Management LLC boosted its stake in USA Truck by 5.2% during the 2nd quarter. Intrinsic Edge Capital Management LLC now owns 253,150 shares of the transportation company’s stock valued at $2,192,000 after purchasing an additional 12,576 shares during the last quarter. Institutional investors and hedge funds own 51.16% of the company’s stock.

About USA Truck

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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