Heartland Express, Inc. (HTLD) Receives Consensus Rating of “Hold” from Analysts
Heartland Express, Inc. (NASDAQ:HTLD) has received an average recommendation of “Hold” from the seventeen research firms that are covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, thirteen have given a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $15.80.
Several equities research analysts have weighed in on the stock. Zacks Investment Research lowered shares of Heartland Express from a “buy” rating to a “hold” rating in a report on Friday, July 28th. BidaskClub lowered shares of Heartland Express from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 19th. UBS AG upgraded shares of Heartland Express from a “sell” rating to a “neutral” rating and increased their target price for the stock from $20.00 to $22.00 in a report on Monday, July 10th. Stifel Nicolaus reiterated a “hold” rating and issued a $23.00 target price (up from $19.00) on shares of Heartland Express in a report on Monday, July 10th. Finally, Morgan Stanley reiterated an “underweight” rating on shares of Heartland Express in a report on Tuesday, July 11th.
Shares of Heartland Express (NASDAQ HTLD) opened at 21.13 on Friday. The firm’s 50-day moving average is $21.17 and its 200 day moving average is $20.31. The firm has a market capitalization of $1.76 billion, a P/E ratio of 32.51 and a beta of 0.51. Heartland Express has a 52 week low of $17.06 and a 52 week high of $22.69.
Heartland Express (NASDAQ:HTLD) last posted its earnings results on Wednesday, August 2nd. The transportation company reported $0.18 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by $0.01. The firm had revenue of $129.62 million during the quarter, compared to analyst estimates of $139.89 million. Heartland Express had a return on equity of 10.60% and a net margin of 9.89%. The company’s revenue for the quarter was down 19.4% on a year-over-year basis. During the same quarter last year, the business posted $0.20 earnings per share. Equities research analysts forecast that Heartland Express will post $0.68 EPS for the current fiscal year.
Several large investors have recently modified their holdings of the company. Victory Capital Management Inc. raised its stake in shares of Heartland Express by 52.7% in the first quarter. Victory Capital Management Inc. now owns 8,505 shares of the transportation company’s stock worth $171,000 after buying an additional 2,935 shares during the last quarter. State of Alaska Department of Revenue raised its stake in shares of Heartland Express by 78.8% in the second quarter. State of Alaska Department of Revenue now owns 8,546 shares of the transportation company’s stock worth $177,000 after buying an additional 3,766 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its stake in shares of Heartland Express by 1.6% in the first quarter. Municipal Employees Retirement System of Michigan now owns 9,890 shares of the transportation company’s stock worth $198,000 after buying an additional 160 shares during the last quarter. Mason Street Advisors LLC raised its stake in shares of Heartland Express by 7.0% in the first quarter. Mason Street Advisors LLC now owns 10,128 shares of the transportation company’s stock worth $203,000 after buying an additional 664 shares during the last quarter. Finally, Ramsey Quantitative Systems bought a new stake in shares of Heartland Express during the first quarter worth approximately $448,000. Institutional investors and hedge funds own 60.27% 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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