Shares of Heartland Express, Inc. (NASDAQ:HTLD) have been assigned a consensus recommendation of “Hold” from the ten analysts that are presently covering the stock, Marketbeat Ratings reports. Five 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. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $22.50.
A number of research firms recently issued reports on HTLD. BidaskClub cut Heartland Express from a “sell” rating to a “strong sell” rating in a report on Saturday, February 17th. Morgan Stanley boosted their price objective on Heartland Express from $15.00 to $16.00 and gave the company an “underweight” rating in a report on Tuesday. Seaport Global Securities restated a “neutral” rating on shares of Heartland Express in a report on Tuesday, February 13th. JPMorgan Chase & Co. dropped their price objective on Heartland Express from $24.00 to $22.00 and set an “underweight” rating for the company in a report on Wednesday, February 14th. Finally, Zacks Investment Research cut Heartland Express from a “hold” rating to a “sell” rating in a report on Saturday, February 17th.
Several hedge funds have recently modified their holdings of the business. MetLife Investment Advisors LLC purchased a new stake in shares of Heartland Express in the 4th quarter worth $523,000. Two Sigma Advisers LP lifted its holdings in shares of Heartland Express by 4.4% in the 4th quarter. Two Sigma Advisers LP now owns 136,506 shares of the transportation company’s stock worth $3,186,000 after buying an additional 5,800 shares during the period. Stone Ridge Asset Management LLC purchased a new stake in shares of Heartland Express in the 4th quarter worth $635,000. Guggenheim Capital LLC lifted its holdings in shares of Heartland Express by 26.2% in the 4th quarter. Guggenheim Capital LLC now owns 26,942 shares of the transportation company’s stock worth $629,000 after buying an additional 5,593 shares during the period. Finally, Deutsche Bank AG lifted its holdings in shares of Heartland Express by 30.2% in the 4th quarter. Deutsche Bank AG now owns 187,408 shares of the transportation company’s stock worth $4,372,000 after buying an additional 43,445 shares during the period. Institutional investors and hedge funds own 59.66% of the company’s stock.
Heartland Express (HTLD) traded up $0.03 on Wednesday, reaching $20.07. The company had a trading volume of 397,231 shares, compared to its average volume of 615,573. Heartland Express has a one year low of $18.71 and a one year high of $25.22. The stock has a market cap of $1,669.39, a PE ratio of 22.30, a P/E/G ratio of 1.86 and a beta of 0.47.
Heartland Express (NASDAQ:HTLD) last posted its quarterly earnings data on Monday, February 12th. The transportation company reported $0.07 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.04). Heartland Express had a net margin of 12.38% and a return on equity of 7.84%. The business had revenue of $165.00 million for the quarter, compared to analysts’ expectations of $190.22 million. During the same quarter in the previous year, the firm earned $0.16 EPS. Heartland Express’s revenue was up 17.9% compared to the same quarter last year. equities analysts anticipate that Heartland Express will post 0.72 EPS for the current fiscal year.
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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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