Heartland Express (NASDAQ:HTLD) was downgraded by stock analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued on Saturday, January 6th.
Other analysts have also recently issued research reports about the company. Zacks Investment Research cut Heartland Express from a “buy” rating to a “hold” rating in a research report on Monday, October 16th. UBS Group increased their target price on Heartland Express from $22.00 to $23.00 and gave the stock a “neutral” rating in a research report on Monday, October 30th. Barclays cut their target price on Heartland Express from $21.00 to $20.00 and set an “underweight” rating for the company in a research report on Wednesday, November 1st. TheStreet lowered Heartland Express from a “b” rating to a “c” rating in a research note on Friday, October 27th. Finally, Robert W. Baird reissued a “hold” rating and set a $24.00 price target on shares of Heartland Express in a research note on Sunday, September 17th. Four analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $24.17.
Shares of Heartland Express (NASDAQ HTLD) opened at $23.37 on Friday. Heartland Express has a 1 year low of $18.71 and a 1 year high of $25.22. The stock has a market capitalization of $1,950.00, a PE ratio of 38.95, a P/E/G ratio of 2.06 and a beta of 0.55.
Heartland Express (NASDAQ:HTLD) last released its earnings results on Friday, October 27th. The transportation company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.08). Heartland Express had a return on equity of 9.50% and a net margin of 8.54%. The business had revenue of $182.10 million for the quarter, compared to analysts’ expectations of $205.81 million. During the same quarter in the prior year, the business posted $0.15 EPS. The business’s revenue for the quarter was up 22.0% compared to the same quarter last year. analysts expect that Heartland Express will post 0.55 earnings per share for the current fiscal year.
A number of institutional investors have recently made changes to their positions in HTLD. Pinebridge Investments L.P. boosted its stake in Heartland Express by 1.0% during the second quarter. Pinebridge Investments L.P. now owns 5,707 shares of the transportation company’s stock valued at $119,000 after buying an additional 58 shares during the last quarter. Victory Capital Management Inc. boosted its stake in Heartland Express by 17.6% during the second quarter. Victory Capital Management Inc. now owns 10,005 shares of the transportation company’s stock valued at $208,000 after buying an additional 1,500 shares during the last quarter. Neuberger Berman Group LLC bought a new position in Heartland Express during the second quarter valued at approximately $210,000. Hartford Investment Management Co. bought a new position in Heartland Express during the third quarter valued at approximately $211,000. Finally, Crossmark Global Holdings Inc. bought a new position in Heartland Express during the third quarter valued at approximately $238,000. 59.28% of the stock is owned by institutional investors.
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About Heartland Express
Heartland Express, Inc is a holding company. The Company is a short-to-medium haul truckload carrier. The Company focuses primarily on short- to medium-haul, asset-based dry van truckload services in regional markets near its terminals. The Company’s truckload services are primarily asset-based transportation services in the dry van truckload market, and it also offers truckload temperature-controlled transportation services and non-asset based brokerage services.
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