USA Truck’s (USAK) “Buy” Rating Reaffirmed at Cowen

Cowen restated their buy rating on shares of USA Truck (NASDAQ:USAK) in a report issued on Friday, AnalystRatings.com reports. The firm currently has a £7.00 price target on the transportation company’s stock. A number of other analysts have also recently issued reports on the company. Zacks Investment Research raised USA Truck from a sell rating to a hold rating in a research report on Monday, May 4th. ValuEngine raised USA Truck from a hold rating to a buy rating in a research report on Thursday, April 2nd.

Finally, Stephens cut USA Truck from an overweight rating to an equal weight rating and decreased their target price for the company from £8.00 to £5.00 in a research report on Monday, April 6th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average price target of £9.33.

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USAK opened at £4.70 on Friday.

USA Truck has a one year low of £2.36 and a one year high of £14.61. The company has a market cap of £41.07 million, a P/E ratio of -4.61 and a beta of 2.08. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.72 and a current ratio of 0.73.

The business’s 50-day simple moving average is £3.93 and its 200-day simple moving average is £6.05.

USA Truck (NASDAQ:USAK) last released its quarterly earnings data on Thursday, May 7th. The transportation company reported (£0.26) EPS for the quarter, beating analysts’ consensus estimates of (£0.38) by £0.12. USA Truck had a negative return on equity of 9.29% and a negative net margin of 1.70%.

The business had revenue of £126.77 million for the quarter, compared to the consensus estimate of £126.30 million. As a group, analysts predict that USA Truck will post -0.5 earnings per share for the current fiscal year. In related news, Director Robert E.

Creager acquired 8,981 shares of the firm’s stock in a transaction on Friday, February 14th. The stock was bought at an average cost of £5.70 per share, with a total value of £51,191.70. Following the transaction, the director now owns 40,984 shares of the company’s stock, valued at £233,608.80.

The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

8.10% of the stock is currently owned by company insiders. A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. increased its stake in USA Truck by 3.3% in the 4th quarter.

Victory Capital Management Inc. now owns 61,524 shares of the transportation company’s stock valued at £458,000 after purchasing an additional 1,991 shares in the last quarter. Callahan Advisors LLC increased its stake in USA Truck by 24.4% in the 1st quarter. Callahan Advisors LLC now owns 45,832 shares of the transportation company’s stock valued at £145,000 after purchasing an additional 8,981 shares in the last quarter.

Virtu Financial LLC purchased a new position in USA Truck in the 4th quarter valued at approximately £87,000. US Bancorp DE increased its stake in USA Truck by 116.8% in the 4th quarter. US Bancorp DE now owns 77,048 shares of the transportation company’s stock valued at £574,000 after purchasing an additional 41,513 shares in the last quarter.

Finally, Grace & White Inc. NY increased its stake in USA Truck by 15.0% in the 4th quarter. Grace & White Inc.

NY now owns 415,358 shares of the transportation company’s stock valued at £3,094,000 after purchasing an additional 54,213 shares in the last quarter.

53.51% of the stock is owned by hedge funds and other institutional investors. 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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