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.
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.
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