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.
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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