U.S. Xpress Enterprises, Inc. (NYSE:USX) has been assigned a consensus rating of “Hold” from the six research firms that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $12.75.
A number of analysts have recently weighed in on USX shares. Zacks Investment Research downgraded shares of U.S. Xpress Enterprises from a “hold” rating to a “strong sell” rating in a report on Friday, July 2nd. Bank of America downgraded shares of U.S. Xpress Enterprises from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $12.00 to $10.00 in a report on Wednesday, June 30th. Raymond James started coverage on shares of U.S. Xpress Enterprises in a report on Friday, September 10th. They issued a “market perform” rating on the stock. Finally, Morgan Stanley reduced their target price on shares of U.S. Xpress Enterprises from $15.00 to $14.00 and set an “overweight” rating on the stock in a report on Thursday, July 8th.
NYSE USX traded up $0.17 on Friday, reaching $8.53. The company had a trading volume of 681 shares, compared to its average volume of 277,699. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.90. The stock has a market capitalization of $429.43 million, a PE ratio of 10.86, a price-to-earnings-growth ratio of 0.39 and a beta of 1.97. The firm’s 50 day moving average price is $8.69 and its 200 day moving average price is $9.93. U.S. Xpress Enterprises has a 12 month low of $6.18 and a 12 month high of $12.33.
A number of large investors have recently modified their holdings of the stock. Cubist Systematic Strategies LLC grew its holdings in U.S. Xpress Enterprises by 3.5% during the 1st quarter. Cubist Systematic Strategies LLC now owns 29,119 shares of the company’s stock valued at $342,000 after purchasing an additional 981 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in U.S. Xpress Enterprises by 18.8% during the 4th quarter. JPMorgan Chase & Co. now owns 9,809 shares of the company’s stock valued at $67,000 after purchasing an additional 1,550 shares during the last quarter. Deutsche Bank AG grew its holdings in U.S. Xpress Enterprises by 11.1% during the 2nd quarter. Deutsche Bank AG now owns 15,972 shares of the company’s stock valued at $137,000 after purchasing an additional 1,591 shares during the last quarter. Sei Investments Co. grew its holdings in U.S. Xpress Enterprises by 0.3% during the 2nd quarter. Sei Investments Co. now owns 548,796 shares of the company’s stock valued at $4,720,000 after purchasing an additional 1,772 shares during the last quarter. Finally, Lazard Asset Management LLC bought a new position in U.S. Xpress Enterprises during the 1st quarter valued at about $29,000. Institutional investors own 34.92% of the company’s stock.
U.S. Xpress Enterprises Company Profile
US Xpress Enterprises, Inc engages in the provision of truckload carrier services. It operates though the Truckload and Brokerage segments. The Truckload segment offers asset-based truckload services, including the over-the-road and dedicated contract services. The Brokerage segment is involves in non-asset based freight brokerage services.
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