US Xpress Enterprises (NYSE:USX) Rating Lowered to Neutral at Bank of America

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US Xpress Enterprises (NYSE:USX) was downgraded by stock analysts at Bank of America from a “buy” rating to a “neutral” rating in a report issued on Friday, MarketBeat reports.

Separately, Stephens set a $112.00 price objective on shares of Genesee & Wyoming and gave the company a “hold” rating in a research note on Monday, July 1st. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $17.25.

Shares of NYSE:USX opened at $4.32 on Friday. The company has a 50 day moving average price of $5.28. US Xpress Enterprises has a 52 week low of $3.80 and a 52 week high of $16.34. The firm has a market capitalization of $235.76 million and a price-to-earnings ratio of 2.72. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 1.81.

US Xpress Enterprises (NYSE:USX) last announced its quarterly earnings results on Thursday, May 2nd. The company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.03). US Xpress Enterprises had a net margin of 1.59% and a return on equity of 24.13%. The firm had revenue of $415.36 million during the quarter, compared to analyst estimates of $443.32 million. The business’s quarterly revenue was down 2.4% compared to the same quarter last year. Sell-side analysts anticipate that US Xpress Enterprises will post 1.06 EPS for the current fiscal year.

In related news, insider William Eric Fuller sold 85,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $5.91, for a total transaction of $502,350.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director John C. Rickel acquired 5,000 shares of the stock in a transaction that occurred on Tuesday, May 7th. The shares were bought at an average price of $5.98 per share, for a total transaction of $29,900.00. The disclosure for this purchase can be found here. 34.85% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Stone Ridge Asset Management LLC acquired a new position in shares of US Xpress Enterprises during the fourth quarter valued at approximately $138,000. BlackRock Inc. boosted its holdings in US Xpress Enterprises by 6.0% during the fourth quarter. BlackRock Inc. now owns 1,270,816 shares of the company’s stock worth $7,129,000 after buying an additional 72,359 shares in the last quarter. Menta Capital LLC bought a new stake in US Xpress Enterprises during the fourth quarter worth approximately $165,000. Natixis Advisors L.P. boosted its holdings in US Xpress Enterprises by 7.6% during the fourth quarter. Natixis Advisors L.P. now owns 73,867 shares of the company’s stock worth $414,000 after buying an additional 5,205 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in US Xpress Enterprises by 51.7% during the fourth quarter. Bank of New York Mellon Corp now owns 77,139 shares of the company’s stock worth $433,000 after buying an additional 26,285 shares in the last quarter. Institutional investors and hedge funds own 35.23% of the company’s stock.

About US Xpress Enterprises

U.S. Xpress Enterprises, Inc operates as an asset-based truckload carrier providing services primarily in the United States. It operates through 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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