US Xpress Enterprises (USX) Receives a Buy from Morgan Stanley


Morgan Stanley analyst Ravi Shanker maintained a Buy rating on US Xpress Enterprises (USX) yesterday and set a price target of $9.00. The company’s shares closed last Monday at $4.98.

According to TipRanks.com, Shanker is a 3-star analyst with an average return of 1.5% and a 56.8% success rate. Shanker covers the Services sector, focusing on stocks such as Kansas City Southern, Old Dominion Freight, and Werner Enterprises.

US Xpress Enterprises has an analyst consensus of Moderate Buy, with a price target consensus of $9.00.

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Based on US Xpress Enterprises’ latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $1.45 million. In comparison, last year the company had a net profit of $16.13 million.

Based on the recent corporate insider activity of 34 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of USX in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

U.S. Xpress Enterprises, Inc. provides truckload carrier services. It offers solo truckload, long haul & expedited load, demand critical, and intermodal transportation services; and logistics, brokerage, and specialized LTL services. The company operates though two segments: Truckload and Brokerage.

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