Heartland Express, Inc. (NASDAQ:HTLD) Receives $12.20 Average Price Target from Analysts

Shares of Heartland Express, Inc. (NASDAQ:HTLDGet Free Report) have been given a consensus rating of “Reduce” by the seven analysts that are presently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $12.20.

A number of research firms have issued reports on HTLD. Robert W. Baird boosted their price objective on shares of Heartland Express from $12.00 to $15.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Weiss Ratings reissued a “sell (d-)” rating on shares of Heartland Express in a report on Friday, March 27th. Barclays boosted their price objective on shares of Heartland Express from $10.00 to $12.00 and gave the company an “underweight” rating in a report on Tuesday, April 28th. JPMorgan Chase & Co. boosted their price objective on shares of Heartland Express from $9.00 to $10.00 and gave the company an “underweight” rating in a report on Friday, April 24th. Finally, UBS Group boosted their price objective on shares of Heartland Express from $11.00 to $12.00 and gave the company a “neutral” rating in a report on Friday, April 24th.

Read Our Latest Report on HTLD

Institutional Trading of Heartland Express

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Bank of America Corp DE lifted its holdings in shares of Heartland Express by 46.5% during the 1st quarter. Bank of America Corp DE now owns 233,496 shares of the transportation company’s stock worth $2,428,000 after acquiring an additional 74,078 shares during the period. Amundi bought a new stake in shares of Heartland Express during the 1st quarter worth approximately $391,000. Quantinno Capital Management LP lifted its holdings in shares of Heartland Express by 34.2% during the 1st quarter. Quantinno Capital Management LP now owns 102,748 shares of the transportation company’s stock worth $1,069,000 after acquiring an additional 26,157 shares during the period. Dean Capital Management lifted its holdings in shares of Heartland Express by 78.3% during the 1st quarter. Dean Capital Management now owns 244,083 shares of the transportation company’s stock worth $2,538,000 after acquiring an additional 107,174 shares during the period. Finally, Punch & Associates Investment Management Inc. lifted its holdings in shares of Heartland Express by 14.1% during the 1st quarter. Punch & Associates Investment Management Inc. now owns 330,765 shares of the transportation company’s stock worth $3,440,000 after acquiring an additional 40,765 shares during the period. Institutional investors own 53.45% of the company’s stock.

Heartland Express Stock Performance

NASDAQ HTLD opened at $14.99 on Friday. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $1.16 billion, a P/E ratio of -26.77 and a beta of 1.28. Heartland Express has a 12-month low of $6.99 and a 12-month high of $15.14. The firm has a 50-day moving average price of $12.13 and a two-hundred day moving average price of $10.58.

Heartland Express (NASDAQ:HTLDGet Free Report) last posted its quarterly earnings data on Friday, April 24th. The transportation company reported ($0.06) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.07. The firm had revenue of $153.81 million during the quarter, compared to the consensus estimate of $177.30 million. Heartland Express had a negative net margin of 5.69% and a negative return on equity of 3.70%. The business’s revenue for the quarter was down 19.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.18) EPS. Analysts anticipate that Heartland Express will post 0.04 earnings per share for the current year.

Heartland Express Company Profile

(Get Free Report)

Heartland Express, Inc (NASDAQ: HTLD) is a publicly traded truckload carrier headquartered in North Liberty, Iowa. The company specializes in full truckload transportation, offering dry-van services that connect shippers with customers across the continental United States. Its primary focus is on over-the-road freight movements, serving industries such as manufacturing, retail, and consumer goods.

Founded in 1978 as Heartland Motor Freight, the company has grown from a regional carrier into one of the larger U.S.

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Analyst Recommendations for Heartland Express (NASDAQ:HTLD)

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