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.

USA Truck (NASDAQ:USAK) last released its quarterly earnings results on Friday, July 27th. The transportation company reported $0.31 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.03. The company had revenue of $135.38 million for the quarter, compared to analysts’ expectations of $123.50 million. USA Truck had a return on equity of 10.78% and a net margin of 3.78%. As a group, analysts anticipate that USA Truck will post 1.41 earnings per share for the current year.

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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