Heartland Express (NASDAQ:HTLD) Downgraded by BidaskClub to Sell

Heartland Express (NASDAQ:HTLD) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a research report issued on Thursday, January 18th.

Several other research analysts also recently commented on HTLD. Stifel Nicolaus raised Heartland Express from a “hold” rating to a “buy” rating and increased their price objective for the company from $22.00 to $28.00 in a research note on Friday, September 29th. Zacks Investment Research raised Heartland Express from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a research note on Monday, October 9th. TheStreet downgraded Heartland Express from a “b” rating to a “c” rating in a research note on Friday, October 27th. Robert W. Baird reaffirmed a “hold” rating and issued a $26.00 target price on shares of Heartland Express in a research note on Friday, October 6th. Finally, UBS Group increased their price target on Heartland Express from $22.00 to $23.00 and gave the stock a “neutral” rating in a report on Monday, October 30th. Four equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $24.17.

Heartland Express (NASDAQ HTLD) traded up $1.23 during trading on Thursday, reaching $21.35. The company’s stock had a trading volume of 1,451,044 shares, compared to its average volume of 561,275. Heartland Express has a 1-year low of $18.71 and a 1-year high of $25.22. The stock has a market cap of $1,717.70, a price-to-earnings ratio of 33.53, a PEG ratio of 1.82 and a beta of 0.47.

Heartland Express (NASDAQ:HTLD) last released its quarterly earnings data on Monday, February 12th. The transportation company reported $0.07 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.04). The company had revenue of $165.00 million during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.16 EPS. equities analysts expect that Heartland Express will post 0.55 earnings per share for the current year.

Several hedge funds and other institutional investors have recently modified their holdings of HTLD. Schwab Charles Investment Management Inc. raised its position in shares of Heartland Express by 4.0% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 297,820 shares of the transportation company’s stock worth $6,201,000 after acquiring an additional 11,576 shares in the last quarter. Bank of New York Mellon Corp increased its position in Heartland Express by 11.1% during the second quarter. Bank of New York Mellon Corp now owns 671,377 shares of the transportation company’s stock worth $13,978,000 after buying an additional 67,279 shares during the period. Legal & General Group Plc increased its position in Heartland Express by 8.6% during the second quarter. Legal & General Group Plc now owns 87,504 shares of the transportation company’s stock worth $1,822,000 after buying an additional 6,943 shares during the period. Victory Capital Management Inc. increased its position 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 worth $208,000 after buying an additional 1,500 shares during the period. Finally, Neuberger Berman Group LLC acquired a new position in Heartland Express during the second quarter worth approximately $210,000. 59.44% of the stock is currently 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.

Analyst Recommendations for Heartland Express (NASDAQ:HTLD)

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