JPMorgan Chase & Co. Cuts US Xpress Enterprises (USX) Price Target to $15.00

US Xpress Enterprises (NYSE:USX) had its price target decreased by JPMorgan Chase & Co. from $16.00 to $15.00 in a research report report published on Friday. JPMorgan Chase & Co. currently has an overweight rating on the stock.

Several other equities research analysts have also recently issued reports on the stock. Zacks Investment Research cut shares of US Xpress Enterprises from a hold rating to a sell rating in a research report on Thursday, October 4th. Morgan Stanley lifted their price objective on shares of US Xpress Enterprises from $25.00 to $26.00 and gave the company an overweight rating in a research report on Monday, August 6th. Bank of America reduced their price objective on shares of US Xpress Enterprises from $20.00 to $15.00 and set a buy rating on the stock in a research report on Friday. Wolfe Research initiated coverage on shares of US Xpress Enterprises in a research report on Monday, July 9th. They set an outperform rating on the stock. Finally, Wells Fargo & Co initiated coverage on shares of US Xpress Enterprises in a research report on Monday, July 9th. They set an outperform rating and a $21.00 price objective 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. US Xpress Enterprises currently has an average rating of Buy and a consensus target price of $18.67.

NYSE USX opened at $7.10 on Friday. US Xpress Enterprises has a 12 month low of $6.54 and a 12 month high of $16.94. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.06 and a quick ratio of 1.06.

US Xpress Enterprises (NYSE:USX) last released its earnings results on Thursday, November 1st. The company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.05). The business had revenue of $460.23 million for the quarter, compared to the consensus estimate of $462.27 million. During the same quarter last year, the firm posted ($0.11) EPS. The company’s revenue for the quarter was up 18.0% compared to the same quarter last year. Research analysts expect that US Xpress Enterprises will post 1.4 earnings per share for the current year.

In related news, insider John William White acquired 23,000 shares of US Xpress Enterprises stock in a transaction dated Tuesday, August 7th. The shares were purchased at an average price of $13.68 per share, for a total transaction of $314,640.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Several hedge funds have recently bought and sold shares of the stock. Citadel Advisors LLC purchased a new position in shares of US Xpress Enterprises in the second quarter valued at $25,995,000. Emerald Advisers Inc. PA grew its holdings in shares of US Xpress Enterprises by 5.2% in the third quarter. Emerald Advisers Inc. PA now owns 1,064,502 shares of the company’s stock valued at $14,690,000 after purchasing an additional 53,002 shares in the last quarter. Emerald Mutual Fund Advisers Trust grew its holdings in shares of US Xpress Enterprises by 6.1% in the third quarter. Emerald Mutual Fund Advisers Trust now owns 1,005,409 shares of the company’s stock valued at $13,875,000 after purchasing an additional 57,766 shares in the last quarter. Voya Investment Management LLC purchased a new position in shares of US Xpress Enterprises in the second quarter valued at $13,931,000. Finally, Putnam Investments LLC purchased a new position in shares of US Xpress Enterprises in the second quarter valued at $12,449,000.

US Xpress Enterprises Company Profile

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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Analyst Recommendations for US Xpress Enterprises (NYSE:USX)

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