USA Truck (USAK) was Reiterated by Cowen to “Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 26 from a previous price target of $20 . Cowen advised their investors in a research report released on May 6, 2016.
Many Wall Street Analysts have commented on USA Truck. USA Truck was Downgraded by Stifel to ” Sell” on Apr 7, 2016. USA Truck was Initiated by Stifel to “Hold” on Mar 23, 2016.
On the company’s financial health, USA Truck reported $0.15 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on May 5, 2016. Analyst had a consensus of $0.13. The company had revenue of $110.62 million for the quarter, compared to analysts expectations of $111.13 million. The company’s revenue was down -16.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.20 EPS.
USA Truck closed down -0.1 points or -0.60% at $16.6 with 49,211 shares getting traded on Wednesday. Post opening the session at $16.93, the shares hit an intraday low of $16.56 and an intraday high of $17.49 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on May 28, 2015, Russell Allen Overla (Exec VP, Truckload Operations) purchased 775 shares at $23.20 per share price. According to the SEC, on Mar 10, 2015, John Simone (CEO) sold 18,300 shares at $29.00 per share price. On Mar 5, 2015, William H Hanna (director) sold 1,830 shares at $29.58 per share price, according to the Form-4 filing with the securities and exchange commission.
USA Truck Inc. offers a range of truckload and logistics services to a diversified customer base that spans a variety of industries. The Company operates through two segments: Trucking and Strategic Capacity Solutions (SCS). Trucking segment comprises the Company’s truckload and dedicated freight service offerings. SCS segment consists of the Company’s freight brokerage and rail intermodal service offerings. It transports commodities throughout the continental United States and into and out of portions of Canada. It also transports general commodities into and out of Mexico by allowing through-trailer service from its terminal in Laredo Texas. The Company’s fleet includes approximately 1987 tractors (including tractors owned by independent contractors). It primarily operates in the United States and also has operations in Mexico and Canada.