US Xpress Enterprises Inc (NYSE:USX)’s share price traded up 5.3% on Thursday . The company traded as high as $10.33 and last traded at $10.14. 830,862 shares traded hands during mid-day trading, an increase of 127% from the average session volume of 365,349 shares. The stock had previously closed at $9.63.
A number of equities analysts have recently weighed in on the company. Stifel Nicolaus assumed coverage on US Xpress Enterprises in a report on Monday, July 9th. They issued a “buy” rating and a $22.00 target price on the stock. Bank of America assumed coverage on US Xpress Enterprises in a report on Monday, July 9th. They issued a “buy” rating and a $20.00 target price on the stock. Stephens assumed coverage on US Xpress Enterprises in a report on Monday, July 9th. They issued an “overweight” rating on the stock. Zacks Investment Research downgraded US Xpress Enterprises from a “buy” rating to a “hold” rating in a report on Thursday, October 25th. Finally, Wells Fargo & Co started coverage on US Xpress Enterprises in a report on Monday, July 9th. They issued an “outperform” rating and a $21.00 target price on the stock. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $20.33.
The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.31.
US Xpress Enterprises (NYSE:USX) last announced its quarterly earnings results on Thursday, November 1st. The company reported $0.33 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by ($0.05). The company had revenue of $460.23 million during the quarter, compared to analyst estimates of $462.27 million. The business’s quarterly revenue was up 18.0% compared to the same quarter last year. During the same period last year, the firm posted ($0.11) earnings per share. On average, analysts forecast that US Xpress Enterprises Inc will post 1.4 EPS for the current fiscal year.
In other news, insider John William White purchased 23,000 shares of the stock in a transaction that occurred on Tuesday, August 7th. The stock was acquired at an average price of $13.68 per share, with a total value of $314,640.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Legal & General Group Plc bought a new stake in shares of US Xpress Enterprises in the 2nd quarter valued at approximately $152,000. Northern Trust Corp bought a new stake in US Xpress Enterprises during the second quarter worth approximately $188,000. Engineers Gate Manager LP bought a new stake in US Xpress Enterprises during the third quarter worth approximately $346,000. Point72 Hong Kong Ltd bought a new stake in US Xpress Enterprises during the second quarter worth approximately $387,000. Finally, Quantitative Systematic Strategies LLC bought a new stake in US Xpress Enterprises during the second quarter worth approximately $463,000.
US Xpress Enterprises Company Profile (NYSE:USX)
U.S. Xpress Enterprises, Inc operates as an asset-based truckload carrier providing services primarily in the United States. It operates in 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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