Avondale Partners cut shares of USA Truck (NASDAQ:USAK) from a market perform rating to an underperform rating in a research note issued to investors on Friday, TheFlyOnTheWall.com reports. The firm currently has $9.00 price target on the stock, down from their previous price target of $10.00.
A number of other firms have also recently commented on USAK. Analysts at Thomson Reuters/Verus upgraded shares of USA Truck from a hold rating to a buy rating in a research note to investors on Monday, October 14th. Separately, analysts at Zacks downgraded shares of USA Truck to a neutral rating in a research note to investors on Wednesday, September 11th. They now have a $6.90 price target on the stock. Finally, analysts at Sidoti upgraded shares of USA Truck from a neutral rating to a buy rating in a research note to investors on Thursday, September 5th.
In other USA Truck news, major shareholder Stone House Capital Management bought 101,279 shares of the company’s stock on the open market in a transaction that occurred on Monday, November 18th. The stock was purchased at an average cost of $15.17 per share, with a total value of $1,536,402.43. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
USA Truck (NASDAQ:USAK) opened at 14.43 on Friday. USA Truck has a 52 week low of $2.90 and a 52 week high of $16.38. The stock’s 50-day moving average is $12.11 and its 200-day moving average is $7.72. The company’s market cap is $149.0 million.
USA Truck (NASDAQ:USAK) last posted its quarterly earnings results on Thursday, October 17th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.04. The company had revenue of $141.80 million for the quarter, compared to the consensus estimate of $135.81 million. During the same quarter in the prior year, the company posted ($0.59) earnings per share. The company’s quarterly revenue was up 14.0% on a year-over-year basis. On average, analysts predict that USA Truck will post $-0.44 earnings per share for the current fiscal year.
USA Truck, Inc is a truckload carrier providing transportation of general commodities throughout the continental United States, into and out of Mexico and into and out of portions of Canada.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.