Heartland Express (NASDAQ:HTLD) had its price target increased by Morgan Stanley from $15.00 to $16.00 in a research note issued on Tuesday. The firm currently has an “underweight” rating on the transportation company’s stock. Morgan Stanley’s price target would suggest a potential downside of 22.10% from the company’s current price.
Several other research firms also recently issued reports on HTLD. Barclays dropped their price target on shares of Heartland Express from $21.00 to $20.00 and set an “underweight” rating for the company in a research note on Wednesday, November 1st. JPMorgan Chase & Co. dropped their price target on shares of Heartland Express from $24.00 to $22.00 and set an “underweight” rating for the company in a research note on Wednesday, February 14th. BidaskClub downgraded shares of Heartland Express from a “hold” rating to a “sell” rating in a research note on Thursday, January 18th. TheStreet raised shares of Heartland Express from a “c” rating to a “b-” rating in a research note on Monday, February 12th. Finally, Zacks Investment Research downgraded shares of Heartland Express from a “hold” rating to a “sell” rating in a research note on Wednesday, November 1st. Five analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $23.14.
Heartland Express (NASDAQ:HTLD) traded up $0.06 during mid-day trading on Tuesday, hitting $20.54. 380,000 shares of the stock traded hands, compared to its average volume of 546,077. The company has a market capitalization of $1,711.04, a P/E ratio of 22.82, a P/E/G ratio of 1.87 and a beta of 0.47. Heartland Express has a 12-month low of $18.71 and a 12-month high of $25.22.
Heartland Express (NASDAQ:HTLD) last released its quarterly earnings results on Monday, February 12th. The transportation company reported $0.07 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.04). The business had revenue of $165.00 million for the quarter, compared to the consensus estimate of $190.22 million. Heartland Express had a net margin of 12.38% and a return on equity of 7.84%. Heartland Express’s revenue was up 17.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.16 EPS. equities research analysts anticipate that Heartland Express will post 0.73 earnings per share for the current year.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Ramsey Quantitative Systems bought a new position in Heartland Express during the fourth quarter worth $240,000. Hartford Investment Management Co. bought a new position in Heartland Express during the third quarter worth $211,000. Crossmark Global Holdings Inc. bought a new position in Heartland Express during the third quarter worth $238,000. ETRADE Capital Management LLC bought a new position in Heartland Express during the fourth quarter worth $244,000. Finally, Fortaleza Asset Management Inc. raised its stake in Heartland Express by 38.6% during the third quarter. Fortaleza Asset Management Inc. now owns 10,500 shares of the transportation company’s stock worth $263,000 after buying an additional 2,925 shares during the last quarter. 59.66% of the stock is owned by institutional investors and hedge funds.
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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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