Heartland Express Inc. Sets New 1-Year High at $20.44 (HTLD)
Heartland Express (NASDAQ:HTLD) set a new 52-week high on Wednesday, American Banking and Market News reports. The company traded as high as $20.44 and last traded at $19.99, with a volume of 1,045,284 shares. The stock had previously closed at $19.87.
A number of research firms have recently commented on HTLD. Analysts at Zacks upgraded shares of Heartland Express from a “neutral” rating to an “outperform” rating in a research note to investors on Thursday, January 2nd. They now have a $21.00 price target on the stock. Separately, analysts at UBS AG initiated coverage on shares of Heartland Express in a research note to investors on Tuesday, December 24th. They set a “hold” rating and a $19.00 price target on the stock. They noted that the move was a valuation call. Finally, analysts at Stifel Nicolaus downgraded shares of Heartland Express from a “buy” rating to a “hold” rating in a research note to investors on Tuesday, December 24th. They now have a $105.00 price target on the stock. They noted that the move was a valuation call. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $27.36.
Heartland Express has a 52 week low of $12.98 and a 52 week high of $20.09. The stock has a 50-day moving average of $18.52 and a 200-day moving average of $15.44. The company has a market cap of $1.702 billion and a P/E ratio of 24.84.
Heartland Express (NASDAQ:HTLD) last posted its quarterly earnings results on Tuesday, October 15th. The company reported $0.19 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.19. The company had revenue of $130.60 million for the quarter, compared to the consensus estimate of $134.30 million. During the same quarter in the prior year, the company posted $0.15 earnings per share. The company’s quarterly revenue was down 3.3% on a year-over-year basis. Analysts expect that Heartland Express will post $0.85 EPS for the current fiscal year.
Heartland Express, Inc (NASDAQ:HTLD) is a short-to-medium haul truckload carrier.
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