Cowen Raises USA Truck (USAK) Price Target to $29.00

USA Truck (NASDAQ:USAK) had its target price hoisted by equities researchers at Cowen from $16.00 to $29.00 in a report released on Monday, February 5th, MarketBeat reports. The firm presently has an “outperform” rating on the transportation company’s stock. Cowen’s price objective suggests a potential upside of 10.22% from the company’s previous close.

A number of other research analysts have also recently commented on USAK. Zacks Investment Research upgraded USA Truck from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a research note on Thursday, November 9th. Stephens raised USA Truck from an “equal” rating to a “weight” rating in a research report on Friday, February 2nd. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $21.67.

USA Truck (NASDAQ USAK) opened at $26.31 on Monday. USA Truck has a one year low of $5.73 and a one year high of $27.45. The company has a debt-to-equity ratio of 2.06, a quick ratio of 1.04 and a current ratio of 1.05.

USA Truck (NASDAQ:USAK) last issued its quarterly earnings data on Thursday, February 1st. The transportation company reported $0.35 EPS for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.27. The company had revenue of $117.80 million for the quarter, compared to analysts’ expectations of $116.80 million. USA Truck had a negative return on equity of 7.58% and a net margin of 1.68%. The firm’s quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.25) earnings per share. research analysts predict that USA Truck will post 1.2 earnings per share for the current year.

Several large investors have recently bought and sold shares of USAK. Boston Partners boosted its position in shares of USA Truck by 70.5% during the third quarter. Boston Partners now owns 603,063 shares of the transportation company’s stock worth $8,473,000 after buying an additional 249,463 shares during the period. Russell Investments Group Ltd. lifted its position in USA Truck by 98.8% in the third quarter. Russell Investments Group Ltd. now owns 386,528 shares of the transportation company’s stock worth $5,430,000 after purchasing an additional 192,128 shares during the period. Vanguard Group Inc. increased its holdings in shares of USA Truck by 16.4% in the second quarter. Vanguard Group Inc. now owns 261,677 shares of the transportation company’s stock valued at $2,266,000 after buying an additional 36,911 shares in the last quarter. ACK Asset Management LLC increased its holdings in shares of USA Truck by 43.6% in the fourth quarter. ACK Asset Management LLC now owns 217,400 shares of the transportation company’s stock valued at $3,941,000 after buying an additional 65,960 shares in the last quarter. Finally, California Public Employees Retirement System increased its holdings in shares of USA Truck by 12.0% in the fourth quarter. California Public Employees Retirement System now owns 99,505 shares of the transportation company’s stock valued at $1,804,000 after buying an additional 10,689 shares in the last quarter. 64.77% of the stock is owned by institutional investors.

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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.

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