USA Truck, Inc. (NASDAQ:USAK)‘s stock had its “outperform” rating reiterated by stock analysts at Cowen and Company in a note issued to investors on Friday. They currently have a $10.00 target price on the transportation company’s stock, up from their previous target price of $8.00. Cowen and Company’s price objective would indicate a potential upside of 18.62% from the stock’s current price.

Several other equities analysts have also commented on USAK. Zacks Investment Research upgraded shares of USA Truck from a “sell” rating to a “buy” rating and set a $8.25 price target on the stock in a research note on Wednesday, April 12th. ValuEngine upgraded shares of USA Truck from a “strong sell” rating to a “sell” rating in a research note on Thursday, June 29th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $8.63.

USA Truck (USAK) traded down 2.02% during trading on Friday, hitting $8.26. 41,427 shares of the company’s stock were exchanged. USA Truck has a 52-week low of $5.73 and a 52-week high of $13.24. The firm has a 50 day moving average price of $8.62 and a 200 day moving average price of $7.94. The company’s market cap is $66.06 million.

USA Truck (NASDAQ:USAK) last announced its quarterly earnings results on Wednesday, August 2nd. The transportation company reported ($0.34) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.10) by $0.24. The company had revenue of $107.40 million during the quarter, compared to analysts’ expectations of $103.75 million. USA Truck had a negative net margin of 2.94% and a negative return on equity of 20.68%. The business’s revenue for the quarter was down 2.3% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.10) earnings per share. On average, equities research analysts predict that USA Truck will post ($0.32) earnings per share for the current year.

TRADEMARK VIOLATION WARNING: “USA Truck’s (USAK) “Outperform” Rating Reaffirmed at Cowen and Company” was originally posted by Daily Political and is owned by of Daily Political. If you are accessing this article on another publication, it was copied illegally and republished in violation of United States & international trademark & copyright laws. The legal version of this article can be read at https://www.dailypolitical.com/2017/08/06/usa-truck-inc-nasdaqusak-stock-rating-reaffirmed-by-cowen-and-company.html.

In other news, Director Gary Enzor acquired 12,500 shares of the firm’s stock in a transaction dated Thursday, May 11th. The stock was acquired at an average cost of $6.47 per share, with a total value of $80,875.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Barbara J. Faulkenberry acquired 6,890 shares of the firm’s stock in a transaction dated Monday, May 15th. The stock was purchased at an average cost of $5.86 per share, with a total value of $40,375.40. Following the completion of the acquisition, the director now directly owns 11,144 shares of the company’s stock, valued at approximately $65,303.84. The disclosure for this purchase can be found here. Insiders acquired 28,415 shares of company stock worth $180,782 over the last quarter. 3.50% of the stock is currently owned by insiders.

Several large investors have recently bought and sold shares of the stock. Grace & White Inc. NY increased its stake in USA Truck by 7.7% in the second quarter. Grace & White Inc. NY now owns 359,450 shares of the transportation company’s stock valued at $3,113,000 after buying an additional 25,635 shares during the last quarter. Boston Partners increased its stake in USA Truck by 69.2% in the second quarter. Boston Partners now owns 353,600 shares of the transportation company’s stock valued at $3,062,000 after buying an additional 144,600 shares during the last quarter. Russell Investments Group Ltd. increased its stake in USA Truck by 86.5% in the second quarter. Russell Investments Group Ltd. now owns 194,400 shares of the transportation company’s stock valued at $1,684,000 after buying an additional 90,138 shares during the last quarter. Renaissance Technologies LLC increased its stake in USA Truck by 31.3% in the fourth quarter. Renaissance Technologies LLC now owns 156,600 shares of the transportation company’s stock valued at $1,364,000 after buying an additional 37,300 shares during the last quarter. Finally, Essex Investment Management Co. LLC increased its stake in USA Truck by 37.6% in the second quarter. Essex Investment Management Co. LLC now owns 149,901 shares of the transportation company’s stock valued at $1,298,000 after buying an additional 40,930 shares during the last quarter. 67.12% of the stock is owned by institutional investors and hedge funds.

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.

Receive News & Ratings for USA Truck Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for USA Truck Inc. and related companies with MarketBeat.com's FREE daily email newsletter.