Heartland Express (NASDAQ:HTLD) was downgraded by investment analysts at ValuEngine from a “hold” rating to a “sell” rating in a research report issued on Wednesday, March 7th.
Other equities analysts also recently issued research reports about the stock. JPMorgan Chase & Co. lowered their target price on shares of Heartland Express from $24.00 to $22.00 and set an “underweight” rating on the stock in a report on Wednesday, February 14th. TheStreet raised shares of Heartland Express from a “c” rating to a “b-” rating in a report on Monday, February 12th. BidaskClub downgraded shares of Heartland Express from a “buy” rating to a “hold” rating in a report on Saturday, January 6th. Zacks Investment Research downgraded shares of Heartland Express from a “hold” rating to a “sell” rating in a report on Saturday, February 17th. Finally, Seaport Global Securities restated a “neutral” rating on shares of Heartland Express in a research report on Tuesday, February 13th. Six investment analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $23.14.
Heartland Express (HTLD) opened at $19.41 on Wednesday. Heartland Express has a 1-year low of $18.71 and a 1-year high of $25.22. The company has a market cap of $1,641.25, a price-to-earnings ratio of 38.63, a PEG ratio of 1.80 and a beta of 0.60.
A number of institutional investors and hedge funds have recently made changes to their positions in HTLD. Hartford Investment Management Co. bought a new stake in Heartland Express in the third quarter worth $211,000. Crossmark Global Holdings Inc. bought a new stake in Heartland Express in the third quarter worth $238,000. Ramsey Quantitative Systems bought a new position in Heartland Express during the fourth quarter valued at $240,000. ETRADE Capital Management LLC bought a new position in Heartland Express during the fourth quarter valued at $244,000. Finally, Wrapmanager Inc. bought a new position in Heartland Express during the fourth quarter valued at $248,000. Institutional investors own 61.55% of the company’s stock.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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