Heartland Express (HTLD) Price Target Raised to $16.00

Heartland Express (NASDAQ:HTLD) had its target price upped by Morgan Stanley from $15.00 to $16.00 in a research report released on Tuesday morning. Morgan Stanley currently has an underweight rating on the transportation company’s stock.

A number of other research analysts have also weighed in on the stock. Zacks Investment Research raised shares of Heartland Express from a sell rating to a hold rating in a research report on Tuesday, January 9th. BidaskClub raised shares of Heartland Express from a hold rating to a buy rating in a research report on Wednesday, December 27th. TheStreet lowered shares of Heartland Express from a b rating to a c rating in a research report on Friday, October 27th. UBS Group raised their price target on shares of Heartland Express from $22.00 to $23.00 and gave the company a neutral rating in a research report on Monday, October 30th. Finally, Barclays dropped their price target on shares of Heartland Express from $21.00 to $20.00 and set an underweight rating on the stock in a research report on Wednesday, November 1st. Five research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus price target of $23.14.

Heartland Express (HTLD) opened at $20.04 on Tuesday. Heartland Express has a 12 month low of $18.71 and a 12 month high of $25.22. The firm has a market cap of $1,670.00, a price-to-earnings ratio of 22.27, a price-to-earnings-growth ratio of 1.87 and a beta of 0.47.

Heartland Express (NASDAQ:HTLD) last released its quarterly earnings results on Monday, February 12th. The transportation company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.04). Heartland Express had a net margin of 12.38% and a return on equity of 7.84%. The firm had revenue of $165.00 million for the quarter, compared to the consensus estimate of $190.22 million. During the same period in the previous year, the business earned $0.16 earnings per share. The firm’s revenue for the quarter was up 17.9% on a year-over-year basis. equities analysts predict that Heartland Express will post 0.73 EPS for the current fiscal year.

A number of hedge funds have recently made changes to their positions in the business. Wells Fargo & Company MN raised its position in Heartland Express by 1.0% in the second quarter. Wells Fargo & Company MN now owns 35,742 shares of the transportation company’s stock worth $745,000 after acquiring an additional 345 shares during the period. Royal Bank of Canada raised its position in Heartland Express by 3.8% in the second quarter. Royal Bank of Canada now owns 27,697 shares of the transportation company’s stock worth $577,000 after acquiring an additional 1,006 shares during the period. The Manufacturers Life Insurance Company raised its position in Heartland Express by 4.6% in the second quarter. The Manufacturers Life Insurance Company now owns 38,365 shares of the transportation company’s stock worth $799,000 after acquiring an additional 1,704 shares during the period. American International Group Inc. raised its position in Heartland Express by 8.2% in the third quarter. American International Group Inc. now owns 37,779 shares of the transportation company’s stock worth $947,000 after acquiring an additional 2,874 shares during the period. Finally, Fortaleza Asset Management Inc. raised its position in Heartland Express by 38.6% in the third quarter. Fortaleza Asset Management Inc. now owns 10,500 shares of the transportation company’s stock worth $263,000 after acquiring an additional 2,925 shares during the period. 59.66% 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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