US Xpress Enterprises (USX) Trading Up 6.8%

US Xpress Enterprises Inc (NYSE:USX)’s share price was up 6.8% on Monday . The stock traded as high as $9.20 and last traded at $8.95. Approximately 7,933 shares were traded during trading, a decline of 98% from the average daily volume of 488,632 shares. The stock had previously closed at $8.38.

Several equities analysts have weighed in on USX shares. Bank of America lowered their target price on US Xpress Enterprises from $20.00 to $15.00 and set a “buy” rating on the stock in a research note on Friday, November 2nd. Zacks Investment Research lowered US Xpress Enterprises from a “buy” rating to a “hold” rating in a report on Thursday, October 25th. Finally, JPMorgan Chase & Co. reduced their target price on US Xpress Enterprises from $16.00 to $15.00 and set an “overweight” rating for the company in a report on Friday, November 2nd. One equities research analyst has rated the stock with a sell rating and seven have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $18.67.

The firm has a market capitalization of $457.90 million and a P/E ratio of 5.87. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.21.

US Xpress Enterprises (NYSE:USX) last issued its quarterly earnings results on Thursday, February 7th. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. US Xpress Enterprises had a return on equity of 36.96% and a net margin of 1.38%. The company had revenue of $469.22 million during the quarter, compared to analyst estimates of $479.22 million. During the same period in the previous year, the company earned $0.14 earnings per share. The company’s quarterly revenue was up 8.8% compared to the same quarter last year. On average, equities research analysts expect that US Xpress Enterprises Inc will post 1.59 EPS for the current fiscal year.

Hedge funds have recently modified their holdings of the company. Meeder Asset Management Inc. acquired a new position in shares of US Xpress Enterprises during the fourth quarter worth approximately $48,000. Tower Research Capital LLC TRC acquired a new position in shares of US Xpress Enterprises during the third quarter worth approximately $114,000. New York State Common Retirement Fund acquired a new position in shares of US Xpress Enterprises during the fourth quarter worth approximately $131,000. Rhumbline Advisers lifted its holdings in shares of US Xpress Enterprises by 55.1% during the fourth quarter. Rhumbline Advisers now owns 24,914 shares of the company’s stock worth $140,000 after buying an additional 8,846 shares during the last quarter. Finally, Verition Fund Management LLC acquired a new position in shares of US Xpress Enterprises during the third quarter worth approximately $142,000. Institutional investors own 38.61% of the company’s stock.

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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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