Stifel Nicolaus upgraded shares of USA Truck Inc. (NASDAQ:USAK) from a sell rating to a hold rating in a research report sent to investors on Monday morning. They currently have $9.00 target price on the stock. The analysts noted that the move was a valuation call.

A number of other brokerages have also weighed in on USAK. Cowen and Company lowered their price objective on USA Truck from $26.00 to $19.00 and set an outperform rating for the company in a research note on Thursday, August 4th. Zacks Investment Research upgraded USA Truck from a sell rating to a hold rating in a research note on Thursday, October 6th.

USA Truck (NASDAQ:USAK) opened at 8.82 on Monday. The stock has a 50 day moving average of $9.15 and a 200 day moving average of $14.81. USA Truck has a 12-month low of $7.65 and a 12-month high of $21.46. The stock has a market cap of $71.17 million, a P/E ratio of 2940.00 and a beta of 2.22.

USA Truck (NASDAQ:USAK) last released its earnings results on Friday, November 4th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.09 by $0.18. The company earned $105.50 million during the quarter, compared to analyst estimates of $105.70 million. USA Truck had a net margin of 0.01% and a return on equity of 4.54%. The company’s revenue for the quarter was down 14.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.43 EPS. On average, equities research analysts anticipate that USA Truck will post $0.29 earnings per share for the current fiscal year.

Several hedge funds have recently made changes to their positions in USAK. Horrell Capital Management Inc. increased its stake in shares of USA Truck by 0.5% in the third quarter. Horrell Capital Management Inc. now owns 26,990 shares of the company’s stock valued at $276,000 after buying an additional 128 shares during the period. State Street Corp increased its stake in shares of USA Truck by 1.0% in the second quarter. State Street Corp now owns 106,328 shares of the company’s stock valued at $1,865,000 after buying an additional 1,016 shares during the period. BlackRock Investment Management LLC increased its stake in shares of USA Truck by 6.6% in the second quarter. BlackRock Investment Management LLC now owns 37,459 shares of the company’s stock valued at $656,000 after buying an additional 2,303 shares during the period. Nationwide Fund Advisors increased its stake in shares of USA Truck by 31.9% in the second quarter. Nationwide Fund Advisors now owns 12,403 shares of the company’s stock valued at $217,000 after buying an additional 3,000 shares during the period. Finally, Metropolitan Life Insurance Co. NY bought a new stake in shares of USA Truck during the second quarter valued at about $127,000. 71.59% of the stock is currently owned by institutional investors and hedge funds.

USA Truck Company Profile

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.

5 Day Chart for NASDAQ:USAK

Receive News & Stock 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 stocks with our FREE daily email newsletter.