Shares of Heartland Express, Inc. (NASDAQ:HTLD) have been given an average recommendation of “Sell” by the twelve brokerages that are currently covering the stock, Marketbeat.com reports. Six research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $20.29.
HTLD has been the subject of a number of analyst reports. Zacks Investment Research raised Heartland Express from a “sell” rating to a “hold” rating in a research note on Tuesday, January 9th. Morgan Stanley increased their target price on Heartland Express from $15.00 to $16.00 and gave the stock an “underweight” rating in a research note on Tuesday, February 20th. BidaskClub downgraded Heartland Express from a “sell” rating to a “strong sell” rating in a research note on Saturday, February 17th. TheStreet raised Heartland Express from a “c” rating to a “b-” rating in a research note on Monday, February 12th. Finally, JPMorgan Chase cut their target price on Heartland Express from $24.00 to $22.00 and set an “underweight” rating for the company in a research note on Wednesday, February 14th.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Ramsey Quantitative Systems purchased a new position in Heartland Express in the 4th quarter valued at approximately $240,000. ETRADE Capital Management LLC purchased a new position in Heartland Express in the 4th quarter valued at approximately $244,000. Wrapmanager Inc. purchased a new position in Heartland Express in the 4th quarter valued at approximately $248,000. Piedmont Investment Advisors LLC purchased a new position in Heartland Express in the 3rd quarter valued at approximately $273,000. Finally, Russell Investments Group Ltd. purchased a new position in Heartland Express in the 3rd quarter valued at approximately $288,000. 61.56% of the stock is owned by hedge funds and other institutional investors.
Shares of HTLD stock opened at $18.07 on Thursday. The company has a market cap of $1,493.79, a PE ratio of 35.43, a price-to-earnings-growth ratio of 1.78 and a beta of 0.67. Heartland Express has a 12-month low of $17.51 and a 12-month high of $25.22.
Heartland Express (NASDAQ:HTLD) last issued its earnings results 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). The business had revenue of $165.00 million for the quarter, compared to analysts’ expectations of $190.22 million. Heartland Express had a return on equity of 7.84% and a net margin of 12.38%. The business’s quarterly revenue was up 17.9% on a year-over-year basis. During the same period last year, the company posted $0.16 earnings per share. research analysts anticipate that Heartland Express will post 0.67 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, April 2nd. Investors of record on Friday, March 23rd were paid a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 0.44%. The ex-dividend date of this dividend was Thursday, March 22nd. Heartland Express’s payout ratio is currently 15.69%.
TRADEMARK VIOLATION WARNING: “Heartland Express, Inc. (HTLD) Receives Consensus Recommendation of “Sell” from Analysts” was first posted by The Lincolnian Online and is the property of of The Lincolnian Online. If you are viewing this article on another site, it was illegally stolen and reposted in violation of United States & international trademark and copyright laws. The original version of this article can be accessed at https://www.thelincolnianonline.com/2018/04/19/heartland-express-inc-htld-receives-consensus-recommendation-of-sell-from-analysts.html.
Heartland Express Company Profile
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 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Heartland Express and related companies with MarketBeat.com's FREE daily email newsletter.