USA Truck (USAK) Coverage Initiated by Analysts at Loop Capital
Loop Capital began coverage on shares of USA Truck (NASDAQ:USAK) in a report issued on Wednesday morning, Marketbeat.com reports. The brokerage issued a buy rating and a $34.00 price target on the transportation company’s stock.
Other research analysts have also issued research reports about the stock. Zacks Investment Research upgraded shares of USA Truck from a hold rating to a buy rating and set a $26.00 price objective on the stock in a research note on Tuesday, July 24th. Cowen raised their price objective on shares of USA Truck from $29.00 to $32.00 and gave the company an outperform rating in a research note on Monday, July 30th. Finally, ValuEngine lowered shares of USA Truck from a buy rating to a hold rating in a research note on Saturday, July 28th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. USA Truck currently has a consensus rating of Buy and an average target price of $31.00.
USAK opened at $17.41 on Wednesday. The company has a market cap of $143.89 million, a PE ratio of -31.09 and a beta of 1.56. The company has a current ratio of 1.11, a quick ratio of 1.10 and a debt-to-equity ratio of 1.15. USA Truck has a twelve month low of $12.14 and a twelve month high of $29.15.
Several hedge funds and other institutional investors have recently bought and sold shares of USAK. Wells Fargo & Company MN increased its stake in shares of USA Truck by 40.6% during the first quarter. Wells Fargo & Company MN now owns 18,565 shares of the transportation company’s stock valued at $473,000 after acquiring an additional 5,361 shares during the period. Schwab Charles Investment Management Inc. acquired a new position in shares of USA Truck during the first quarter valued at approximately $255,000. Northern Trust Corp increased its stake in shares of USA Truck by 14.0% during the first quarter. Northern Trust Corp now owns 24,121 shares of the transportation company’s stock valued at $615,000 after acquiring an additional 2,971 shares during the period. GSA Capital Partners LLP increased its stake in shares of USA Truck by 80.0% during the first quarter. GSA Capital Partners LLP now owns 20,700 shares of the transportation company’s stock valued at $528,000 after acquiring an additional 9,200 shares during the period. Finally, Allianz Asset Management GmbH increased its stake in shares of USA Truck by 9.4% during the first quarter. Allianz Asset Management GmbH now owns 75,870 shares of the transportation company’s stock valued at $1,934,000 after acquiring an additional 6,517 shares during the period. Institutional investors and hedge funds own 79.12% of the company’s stock.
USA Truck Company Profile
USA Truck, Inc, a truckload carrier, provides general commodities transportation services in the United States, Mexico, and Canada. It operates through two segments, Trucking and USAT Logistics. The Trucking segment offers truckload services as a medium to long-haul common carrier; and dedicated freight services.
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