Heartland Express, Inc. (HTLD) Receives Consensus Recommendation of “Sell” from Analysts

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.

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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%.

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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.

Analyst Recommendations for Heartland Express (NASDAQ:HTLD)

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