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Heartland Express (NASDAQ:HTLD) was downgraded by Stifel Nicolaus to a “hold” rating in a research note issued on Thursday, ARN reports. They currently have a $20.00 target price on the stock, up from their previous target price of $18.00. Stifel Nicolaus’ price target indicates a potential downside of 1.96% from the company’s current price.

The analysts wrote, “Heartland (HTLD) reported 4Q13 EPS of $0.18 vs $0.20 consensus but this included $0.02 of acquisition and integration related costs from its recent purchase of Gordon (GTI). GTI was acquired in mid-November, was accretive to 4Q13 results, and substantially improves HTLD’s growth narrative as a transformative transaction. The acquisition is progressing smoothly and has been well received by customers and drivers. Moving forward, HTLD will focus on updating GTI’s tractor and trailer fleet and fully integrating the operations of both entities under a single platform. HTLD confirmed that demand strengthened in 4Q13 and January was seasonally strong in between weather. We reiterate our Hold rating, as we feel shares fully reflect acquisition synergies and little integration risk.”

Shares of Heartland Express (NASDAQ:HTLD) opened at 20.40 on Thursday. Heartland Express has a 52 week low of $12.99 and a 52 week high of $21.62. The stock’s 50-day moving average is $20.16 and its 200-day moving average is $16.36. The company has a market cap of $1.731 billion and a P/E ratio of 25.39.

Heartland Express (NASDAQ:HTLD) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.18 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.21 by $0.03. The company had revenue of $183.30 million for the quarter, compared to the consensus estimate of $188.12 million. During the same quarter in the previous year, the company posted $0.17 earnings per share. The company’s revenue for the quarter was up 34.6% on a year-over-year basis. On average, analysts predict that Heartland Express will post $0.98 earnings per share for the current fiscal year.

A number of other firms have also recently commented on HTLD. Analysts at Wunderlich raised their price target on shares of Heartland Express from $18.00 to $20.00 in a research note to investors on Thursday. They now have a “hold” rating on the stock. Separately, analysts at KeyCorp raised their price target on shares of Heartland Express to $23.00 in a research note to investors on Friday, January 17th. Finally, 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. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Heartland Express has an average rating of “Buy” and a consensus price target of $20.45.

Heartland Express, Inc (NASDAQ:HTLD) is a short-to-medium haul truckload carrier.

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