Heartland Express, Inc. (HTLD) Downgraded by BidaskClub
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.
TRADEMARK VIOLATION NOTICE: “Heartland Express, Inc. (HTLD) Downgraded by BidaskClub” was published by American Banking News and is the property of of American Banking News. If you are accessing this piece on another website, it was copied illegally and reposted in violation of U.S. and international trademark and copyright legislation. The original version of this piece can be viewed at https://www.americanbankingnews.com/2017/07/23/heartland-express-inc-htld-downgraded-by-bidaskclub.html.
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.
Receive News & Ratings for Heartland Express Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Heartland Express Inc. and related companies with MarketBeat.com's FREE daily email newsletter.