Heartland Express (NASDAQ:HTLD) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a report issued on Thursday, January 18th.
Several other research firms also recently commented on HTLD. Zacks Investment Research upgraded Heartland Express from a “sell” rating to a “hold” rating in a report on Monday, October 2nd. Robert W. Baird reaffirmed a “hold” rating and set a $26.00 target price on shares of Heartland Express in a research report on Friday, October 6th. JPMorgan Chase & Co. lifted their target price on Heartland Express from $19.00 to $21.00 and gave the company an “underweight” rating in a research report on Thursday, October 12th. Stifel Nicolaus raised Heartland Express from a “hold” rating to a “buy” rating and lifted their target price for the company from $22.00 to $28.00 in a research report on Friday, September 29th. Finally, UBS Group boosted their price objective on Heartland Express from $22.00 to $23.00 and gave the stock a “neutral” rating in a research report on Monday, October 30th. Four analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. Heartland Express presently has an average rating of “Hold” and a consensus target price of $24.17.
Heartland Express (HTLD) opened at $20.12 on Thursday. 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 $1,680.00, a PE ratio of 33.53, a PEG ratio of 1.82 and a beta of 0.47.
Heartland Express (NASDAQ:HTLD) last issued its earnings results on Monday, February 12th. The transportation company reported $0.07 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.03). The business had revenue of $165.00 million during the quarter, compared to the consensus estimate of $190.22 million. Heartland Express had a return on equity of 9.50% and a net margin of 8.54%. The company’s revenue for the quarter was up 17.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.16 earnings per share. equities analysts forecast that Heartland Express will post 0.55 EPS for the current fiscal year.
Institutional investors and hedge funds have recently modified their holdings of the business. Pinebridge Investments L.P. raised its stake in shares of Heartland Express by 1.0% in 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 period. Victory Capital Management Inc. raised its stake in shares of Heartland Express by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 10,005 shares of the transportation company’s stock valued at $208,000 after purchasing an additional 1,500 shares during the period. Neuberger Berman Group LLC bought a new stake in shares of Heartland Express during the 2nd quarter valued at $210,000. Hartford Investment Management Co. bought a new stake in shares of Heartland Express during the 3rd quarter valued at $211,000. Finally, Crossmark Global Holdings Inc. bought a new stake in shares of Heartland Express during the 3rd quarter valued at $238,000. Hedge funds and other institutional investors own 59.44% of the company’s stock.
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Heartland Express Company Profile
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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