USA Truck, Inc. (USAK) Receives $31.33 Average Target Price from Analysts
Shares of USA Truck, Inc. (NASDAQ:USAK) have been given an average rating of “Hold” by the six brokerages that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $31.33.
A number of research firms have weighed in on USAK. Zacks Investment Research lowered USA Truck from a “hold” rating to a “strong sell” rating in a report on Saturday, January 19th. ValuEngine upgraded USA Truck from a “strong sell” rating to a “sell” rating in a report on Thursday, January 17th.
Shares of NASDAQ USAK traded up $0.12 during trading hours on Wednesday, reaching $14.97. The stock had a trading volume of 56,100 shares, compared to its average volume of 76,455. The company has a debt-to-equity ratio of 1.72, a quick ratio of 1.04 and a current ratio of 1.05. The firm has a market capitalization of $127.32 million, a price-to-earnings ratio of 9.60 and a beta of 1.61. USA Truck has a 52-week low of $13.82 and a 52-week high of $29.15.
Institutional investors have recently bought and sold shares of the business. Bank of America Corp DE lifted its holdings in USA Truck by 60.2% during the fourth quarter. Bank of America Corp DE now owns 9,336 shares of the transportation company’s stock worth $139,000 after buying an additional 3,508 shares during the period. Rhumbline Advisers purchased a new stake in USA Truck during the fourth quarter worth $153,000. Dynamic Technology Lab Private Ltd purchased a new stake in USA Truck during the third quarter worth $249,000. Monarch Partners Asset Management LLC lifted its holdings in USA Truck by 49.2% during the fourth quarter. Monarch Partners Asset Management LLC now owns 23,644 shares of the transportation company’s stock worth $354,000 after buying an additional 7,794 shares during the period. Finally, Prudential Financial Inc. purchased a new stake in USA Truck during the third quarter worth $357,000. Institutional investors own 77.43% of the company’s stock.
USA Truck Company Profile
USA Truck, Inc operates as a truckload carrier in the United States, Mexico, and Canada. The company operates through two segments, Trucking and USAT Logistics. The Trucking segment offers truckload motor carrier services as a medium to long-haul common and contract carrier; and dedicated freight services.
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