BidaskClub Upgrades Heartland Express (HTLD) to “Buy”

BidaskClub upgraded shares of Heartland Express (NASDAQ:HTLD) from a hold rating to a buy rating in a research report released on Wednesday.

Several other equities analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of Heartland Express from a hold rating to a sell rating in a report on Wednesday, November 1st. TheStreet downgraded shares of Heartland Express from a b rating to a c rating in a report on Friday, October 27th. UBS Group boosted their price target 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. JPMorgan Chase & Co. boosted their price target on shares of Heartland Express from $19.00 to $21.00 and gave the company an underweight rating in a report on Thursday, October 12th. Finally, Robert W. Baird reissued a hold rating and set a $24.00 price target on shares of Heartland Express in a report on Sunday, September 17th. Four investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of $24.17.

Heartland Express (NASDAQ:HTLD) opened at $23.34 on Wednesday. The company has a market cap of $1,944.29, a price-to-earnings ratio of 38.90, a price-to-earnings-growth ratio of 2.86 and a beta of 0.55. Heartland Express has a 1-year low of $18.71 and a 1-year high of $25.22.

Heartland Express (NASDAQ:HTLD) last released its quarterly earnings data on Friday, October 27th. The transportation company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.08). Heartland Express had a return on equity of 9.50% and a net margin of 8.54%. The business had revenue of $182.10 million during the quarter, compared to analyst estimates of $205.81 million. During the same period in the prior year, the firm earned $0.15 EPS. The business’s revenue for the quarter was up 22.0% compared to the same quarter last year. research analysts predict that Heartland Express will post 0.55 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, December 22nd. Stockholders of record on Tuesday, December 12th were issued a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 0.34%. The ex-dividend date was Monday, December 11th. Heartland Express’s dividend payout ratio (DPR) is 13.33%.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Municipal Employees Retirement System of Michigan lifted its holdings in Heartland Express by 43.1% in the second quarter. Municipal Employees Retirement System of Michigan now owns 14,150 shares of the transportation company’s stock worth $295,000 after purchasing an additional 4,260 shares during the period. Great West Life Assurance Co. Can lifted its holdings in Heartland Express by 4.9% in the second quarter. Great West Life Assurance Co. Can now owns 63,874 shares of the transportation company’s stock worth $1,329,000 after purchasing an additional 3,000 shares during the period. Schwab Charles Investment Management Inc. lifted its holdings in Heartland Express by 4.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 297,820 shares of the transportation company’s stock worth $6,201,000 after purchasing an additional 11,576 shares during the period. Rhumbline Advisers lifted its holdings in Heartland Express by 0.9% in the second quarter. Rhumbline Advisers now owns 90,845 shares of the transportation company’s stock worth $1,891,000 after purchasing an additional 817 shares during the period. Finally, SG Americas Securities LLC lifted its holdings in Heartland Express by 107.0% in the second quarter. SG Americas Securities LLC now owns 14,261 shares of the transportation company’s stock worth $297,000 after purchasing an additional 7,372 shares during the period. 59.28% of the stock is owned by institutional investors.

TRADEMARK VIOLATION WARNING: This report was first published by Chaffey Breeze and is owned by of Chaffey Breeze. If you are accessing this report on another site, it was illegally stolen and republished in violation of international copyright laws. The original version of this report can be read at https://www.chaffeybreeze.com/2017/12/31/bidaskclub-upgrades-heartland-express-htld-to-buy.html.

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.

Analyst Recommendations for Heartland Express (NASDAQ:HTLD)

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.

Latest News

Leave a Reply