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.
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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