US Xpress Enterprises (NYSE:USX) Stock Rating Lowered by Bank of America

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Bank of America downgraded shares of US Xpress Enterprises (NYSE:USX) from a buy rating to a neutral rating in a research note issued to investors on Friday, BenzingaRatingsTable reports.

Separately, Stephens set a $112.00 target price on Genesee & Wyoming and gave the company a hold rating in a report on Monday, July 1st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. US Xpress Enterprises currently has a consensus rating of Hold and a consensus price target of $17.25.

USX stock opened at $4.33 on Friday. US Xpress Enterprises has a fifty-two week low of $3.80 and a fifty-two week high of $16.34. The firm has a 50-day moving average price of $5.19. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.86 and a current ratio of 0.86. The company has a market capitalization of $209.99 million and a P/E ratio of 2.72.

US Xpress Enterprises (NYSE:USX) last posted its earnings results on Thursday, May 2nd. The company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.03). US Xpress Enterprises had a net margin of 1.59% and a return on equity of 24.13%. The firm had revenue of $415.36 million during the quarter, compared to the consensus estimate of $443.32 million. US Xpress Enterprises’s revenue for the quarter was down 2.4% compared to the same quarter last year. On average, sell-side analysts anticipate that US Xpress Enterprises will post 1.03 EPS for the current year.

In related news, Director John C. Rickel acquired 5,000 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The shares were purchased at an average price of $5.98 per share, with a total value of $29,900.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider William Eric Fuller sold 85,000 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $5.91, for a total value of $502,350.00. The disclosure for this sale can be found here. 34.85% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of USX. BNP Paribas Arbitrage SA raised its stake in shares of US Xpress Enterprises by 1,533.2% in the first quarter. BNP Paribas Arbitrage SA now owns 4,769 shares of the company’s stock worth $32,000 after buying an additional 4,477 shares during the period. Virtu Financial LLC bought a new stake in US Xpress Enterprises during the 1st quarter valued at approximately $71,000. Millennium Management LLC bought a new stake in US Xpress Enterprises during the 4th quarter valued at approximately $83,000. Cito Capital Group LLC bought a new stake in US Xpress Enterprises during the 1st quarter valued at approximately $106,000. Finally, New York State Common Retirement Fund bought a new stake in US Xpress Enterprises during the 4th quarter valued at approximately $131,000. 35.23% of the stock is currently owned by hedge funds and other institutional investors.

About US Xpress Enterprises

U.S. Xpress Enterprises, Inc operates as an asset-based truckload carrier providing services primarily in the United States. It operates through two segments, Truckload and Brokerage. The Truckload segment offers asset-based truckload services, including the over-the-road and contract services. The Brokerage segment provides non-asset-based freight brokerage services.

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