Analysts Set USA Technologies (USAT) Target Price at $12.50
Posted by Emily Bradson on
May 12th, 2018
Shares of USA Technologies (NASDAQ:USAT) have been given an average recommendation of “Hold” by the seven analysts that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $12.50.
USAT has been the subject of several research reports. Zacks Investment Research upgraded shares of USA Technologies from a “hold” rating to a “strong-buy” rating and set a $11.00 price objective for the company in a report on Friday, January 12th. BidaskClub lowered shares of USA Technologies from a “hold” rating to a “sell” rating in a report on Tuesday, February 27th. Barrington Research restated a “buy” rating on shares of USA Technologies in a report on Friday, March 23rd. Lake Street Capital initiated coverage on shares of USA Technologies in a report on Tuesday, April 3rd. They issued a “buy” rating and a $11.00 price objective for the company. Finally, Northland Securities restated a “buy” rating and issued a $14.00 price objective on shares of USA Technologies in a report on Thursday, March 15th.
Shares of NASDAQ USAT opened at $9.25 on Tuesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.36 and a quick ratio of 1.05. USA Technologies has a 12 month low of $4.25 and a 12 month high of $10.10. The firm has a market capitalization of $506.94, a price-to-earnings ratio of -462.50 and a beta of 0.59.
USA Technologies (NASDAQ:USAT) last issued its quarterly earnings data on Thursday, February 8th. The technology company reported $0.02 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.01. USA Technologies had a negative net margin of 10.39% and a positive return on equity of 2.18%. The business had revenue of $32.51 million during the quarter, compared to analyst estimates of $31.38 million. equities research analysts expect that USA Technologies will post 0.06 EPS for the current year.
Several institutional investors have recently modified their holdings of the stock. The Manufacturers Life Insurance Company increased its stake in shares of USA Technologies by 17.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 34,782 shares of the technology company’s stock worth $181,000 after acquiring an additional 5,263 shares in the last quarter. American International Group Inc. increased its stake in shares of USA Technologies by 25.1% in the 4th quarter. American International Group Inc. now owns 32,660 shares of the technology company’s stock worth $318,000 after acquiring an additional 6,543 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of USA Technologies by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 405,077 shares of the technology company’s stock worth $3,949,000 after acquiring an additional 7,185 shares in the last quarter. California State Teachers Retirement System increased its stake in shares of USA Technologies by 10.6% in the 3rd quarter. California State Teachers Retirement System now owns 76,270 shares of the technology company’s stock worth $477,000 after acquiring an additional 7,300 shares in the last quarter. Finally, TIAA CREF Investment Management LLC increased its stake in shares of USA Technologies by 8.2% in the 4th quarter. TIAA CREF Investment Management LLC now owns 110,151 shares of the technology company’s stock worth $1,074,000 after acquiring an additional 8,304 shares in the last quarter. Institutional investors own 56.06% of the company’s stock.
