Heartland Express, Inc. (NASDAQ:HTLD) was downgraded by equities research analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Wednesday.

A number of other equities analysts also recently issued reports on the company. Morgan Stanley reissued an “underweight” rating on shares of Heartland Express in a research note on Tuesday, July 11th. Stifel Nicolaus reissued a “hold” rating and set a $23.00 target price (up from $19.00) on shares of Heartland Express in a research note on Monday, July 10th. UBS AG raised Heartland Express from a “sell” rating to a “neutral” rating and raised their price objective for the company from $20.00 to $22.00 in a research note on Monday, July 10th. Zacks Investment Research downgraded Heartland Express from a “buy” rating to a “sell” rating in a research note on Monday, July 3rd. Finally, TheStreet downgraded Heartland Express from a “b-” rating to a “c+” rating in a research note on Friday, May 26th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $16.67.

Shares of Heartland Express (NASDAQ:HTLD) traded down 0.05% during mid-day trading on Wednesday, reaching $21.58. The company’s stock had a trading volume of 475,298 shares. The company’s 50 day moving average price is $20.89 and its 200-day moving average price is $20.25. The company has a market capitalization of $1.80 billion, a price-to-earnings ratio of 32.07 and a beta of 0.51. Heartland Express has a 1-year low of $17.06 and a 1-year high of $22.69.

Heartland Express (NASDAQ:HTLD) last issued its earnings results on Friday, April 21st. The transportation company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.02. The business had revenue of $129.90 million during the quarter, compared to the consensus estimate of $147.17 million. Heartland Express had a return on equity of 11.20% and a net margin of 9.66%. The company’s revenue for the quarter was down 20.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.17 EPS. Analysts predict that Heartland Express will post $0.68 earnings per share for the current fiscal year.

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A number of large investors have recently made changes to their positions in HTLD. Trexquant Investment LP bought a new stake in shares of Heartland Express during the first quarter worth approximately $978,000. Thrivent Financial for Lutherans boosted its stake in shares of Heartland Express by 5.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 23,348 shares of the transportation company’s stock worth $475,000 after buying an additional 1,190 shares during the period. Norges Bank bought a new stake in shares of Heartland Express during the fourth quarter worth approximately $4,687,000. Comerica Bank boosted its stake in shares of Heartland Express by 5.7% in the fourth quarter. Comerica Bank now owns 46,813 shares of the transportation company’s stock worth $971,000 after buying an additional 2,521 shares during the period. Finally, Suntrust Banks Inc. boosted its stake in shares of Heartland Express by 16.7% in the first quarter. Suntrust Banks Inc. now owns 13,891 shares of the transportation company’s stock worth $277,000 after buying an additional 1,984 shares during the period. Hedge funds and other institutional investors own 60.20% of the company’s stock.

About Heartland Express

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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