Heartland Express (HTLD) Price Target Increased to $16.00 by Analysts at Morgan Stanley

Heartland Express (NASDAQ:HTLD) had its price target raised by equities research analysts at Morgan Stanley from $15.00 to $16.00 in a report released on Tuesday. The firm currently has an “underweight” rating on the transportation company’s stock. Morgan Stanley’s price objective would suggest a potential downside of 22.10% from the company’s current price.

Other equities research analysts have also recently issued reports about the stock. TheStreet upgraded shares of Heartland Express from a “c” rating to a “b-” rating in a report on Monday, February 12th. BidaskClub upgraded shares of Heartland Express from a “hold” rating to a “buy” rating in a report on Wednesday, December 27th. Zacks Investment Research upgraded shares of Heartland Express from a “sell” rating to a “hold” rating in a report on Tuesday, January 9th. Seaport Global Securities restated a “neutral” rating on shares of Heartland Express in a report on Tuesday, February 13th. Finally, UBS Group raised their price target on shares of Heartland Express from $22.00 to $23.00 and gave the stock a “neutral” rating in a report on Monday, October 30th. Five investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $23.14.

Heartland Express (NASDAQ:HTLD) traded up $0.06 during trading hours on Tuesday, reaching $20.54. 380,000 shares of the company’s stock were exchanged, compared to its average volume of 546,077. The firm has a market capitalization of $1,711.04, a PE ratio of 22.82, a price-to-earnings-growth ratio of 1.87 and a beta of 0.47. Heartland Express has a 1-year low of $18.71 and a 1-year high of $25.22.

Heartland Express (NASDAQ:HTLD) last posted its quarterly earnings results on Monday, February 12th. The transportation company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.04). The company had revenue of $165.00 million during the quarter, compared to analyst estimates of $190.22 million. Heartland Express had a return on equity of 7.84% and a net margin of 12.38%. The company’s revenue for the quarter was up 17.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.16 earnings per share. equities research analysts expect that Heartland Express will post 0.73 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Wells Fargo & Company MN grew its holdings in shares of Heartland Express by 1.0% during the second quarter. Wells Fargo & Company MN now owns 35,742 shares of the transportation company’s stock valued at $745,000 after buying an additional 345 shares during the last quarter. Royal Bank of Canada grew its holdings in shares of Heartland Express by 3.8% during the second quarter. Royal Bank of Canada now owns 27,697 shares of the transportation company’s stock valued at $577,000 after buying an additional 1,006 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Heartland Express by 4.6% during the second quarter. The Manufacturers Life Insurance Company now owns 38,365 shares of the transportation company’s stock valued at $799,000 after buying an additional 1,704 shares during the last quarter. American International Group Inc. grew its holdings in shares of Heartland Express by 8.2% during the third quarter. American International Group Inc. now owns 37,779 shares of the transportation company’s stock valued at $947,000 after buying an additional 2,874 shares during the last quarter. Finally, Fortaleza Asset Management Inc. boosted its holdings in Heartland Express by 38.6% during the third quarter. Fortaleza Asset Management Inc. now owns 10,500 shares of the transportation company’s stock worth $263,000 after purchasing an additional 2,925 shares during the last quarter. Hedge funds and other institutional investors own 59.66% of the company’s stock.

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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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