Heartland Express, Inc. (NASDAQ:HTLD) has received a consensus rating of “Hold” from the eleven brokerages that are currently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and one has given a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $19.17.
A number of brokerages have weighed in on HTLD. Zacks Investment Research upgraded Heartland Express from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a report on Friday, December 14th. BidaskClub upgraded Heartland Express from a “sell” rating to a “hold” rating in a report on Tuesday, October 30th. ValuEngine upgraded Heartland Express from a “sell” rating to a “hold” rating in a report on Thursday, October 18th. Finally, Stephens reiterated a “hold” rating and issued a $21.00 target price on shares of Heartland Express in a report on Sunday, January 27th.
A number of institutional investors have recently made changes to their positions in HTLD. Resources Investment Advisors Inc. acquired a new stake in Heartland Express in the fourth quarter valued at approximately $29,000. PNC Financial Services Group Inc. grew its stake in Heartland Express by 60.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,105 shares of the transportation company’s stock valued at $38,000 after acquiring an additional 790 shares during the period. Oppenheimer Asset Management Inc. acquired a new stake in Heartland Express in the fourth quarter valued at approximately $46,000. Quantamental Technologies LLC acquired a new stake in Heartland Express in the fourth quarter valued at approximately $105,000. Finally, Stephens Inc. AR acquired a new stake in Heartland Express in the fourth quarter valued at approximately $207,000. 60.53% of the stock is owned by hedge funds and other institutional investors.
Heartland Express (NASDAQ:HTLD) last issued its earnings results on Tuesday, January 22nd. The transportation company reported $0.27 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.03. The business had revenue of $147.00 million during the quarter, compared to the consensus estimate of $152.69 million. Heartland Express had a return on equity of 12.38% and a net margin of 11.90%. The firm’s revenue for the quarter was down 11.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.07 earnings per share. On average, research analysts predict that Heartland Express will post 0.96 EPS for the current year.
Heartland Express Company Profile
Heartland Express, Inc, through its subsidiaries, operates as a short-to-medium haul truckload carrier in the United States and Canada. The company primarily provides nationwide asset-based dry van truckload service for shippers from Washington to Florida and New England to California; and temperature-controlled transportation services.
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