Heartland Express (HTLD) PT Lowered to $22.00

Heartland Express (NASDAQ:HTLD) had its price target dropped by analysts at JPMorgan Chase & Co. from $24.00 to $22.00 in a research report issued on Wednesday. The brokerage currently has an “underweight” rating on the transportation company’s stock. JPMorgan Chase & Co.’s price target points to a potential upside of 7.37% from the company’s current price.

HTLD has been the subject of a number of other reports. TheStreet lowered shares of Heartland Express from a “b” rating to a “c” rating in a report on Friday, October 27th. Zacks Investment Research lowered shares of Heartland Express from a “hold” rating to a “sell” rating in a report on Friday, December 22nd. UBS Group increased their price objective on shares of Heartland Express from $22.00 to $23.00 and gave the company a “neutral” rating in a report on Monday, October 30th. BidaskClub raised shares of Heartland Express from a “hold” rating to a “buy” rating in a report on Wednesday, December 27th. Finally, Barclays cut their target price on shares of Heartland Express from $21.00 to $20.00 and set an “underweight” rating for the company in a report on Wednesday, November 1st. Four equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $24.33.

Heartland Express (NASDAQ HTLD) traded down $0.86 during midday trading on Wednesday, reaching $20.49. 821,056 shares of the company’s stock were exchanged, compared to its average volume of 569,653. Heartland Express has a 12 month low of $18.71 and a 12 month high of $25.22. The company has a market cap of $1,676.05, a PE ratio of 23.72, a price-to-earnings-growth ratio of 1.78 and a beta of 0.47.

Heartland Express (NASDAQ:HTLD) last announced its quarterly earnings data on Monday, February 12th. The transportation company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.04). Heartland Express had a net margin of 12.38% and a return on equity of 8.01%. The company had revenue of $165.00 million for the quarter, compared to analysts’ expectations of $190.22 million. During the same period last year, the business earned $0.16 earnings per share. The company’s quarterly revenue was up 17.9% compared to the same quarter last year. sell-side analysts anticipate that Heartland Express will post 0.75 EPS for the current year.

Several hedge funds have recently bought and sold shares of HTLD. ArrowMark Colorado Holdings LLC grew its holdings in shares of Heartland Express by 12.0% in the fourth quarter. ArrowMark Colorado Holdings LLC now owns 7,016,174 shares of the transportation company’s stock valued at $163,758,000 after purchasing an additional 749,703 shares in the last quarter. 1060 Capital LLC purchased a new position in shares of Heartland Express in the fourth quarter valued at $13,648,000. OppenheimerFunds Inc. grew its holdings in shares of Heartland Express by 161.5% in the fourth quarter. OppenheimerFunds Inc. now owns 714,762 shares of the transportation company’s stock valued at $16,682,000 after purchasing an additional 441,402 shares in the last quarter. Gilder Gagnon Howe & Co. LLC purchased a new position in shares of Heartland Express in the third quarter valued at $9,097,000. Finally, Standard Life Aberdeen plc grew its holdings in shares of Heartland Express by 15.9% in the fourth quarter. Standard Life Aberdeen plc now owns 2,297,155 shares of the transportation company’s stock valued at $53,616,000 after purchasing an additional 315,143 shares in the last quarter. 59.44% of the stock is owned by hedge funds and other institutional investors.

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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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