Heartland Express, Inc. (HTLD) PT Lowered to $18.00 at FBR & Co.
Heartland Express, Inc. (NASDAQ:HTLD) had its price target dropped by stock analysts at FBR & Co. from $20.00 to $18.00 in a report issued on Thursday. FBR & Co.’s price objective indicates a potential downside of 1.37% from the company’s previous close.
Heartland Express (NASDAQ:HTLD) remained flat at $18.25 during trading on Thursday. 253,620 shares of the stock traded hands. The stock has a market capitalization of $1.52 billion and a P/E ratio of 22.50. The stock has a 50-day moving average of $17.73 and a 200 day moving average of $17.97. Heartland Express has a 12 month low of $15.36 and a 12 month high of $22.13.
Heartland Express (NASDAQ:HTLD) last posted its earnings results on Tuesday, April 26th. The company reported $0.17 EPS for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.01. The company earned $162.80 million during the quarter, compared to analyst estimates of $175.65 million. The company’s quarterly revenue was down 13.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.20 EPS. On average, equities analysts predict that Heartland Express will post $0.77 EPS for the current year.
HTLD has been the topic of a number of other research reports. Zacks Investment Research raised shares of Heartland Express from a “sell” rating to a “buy” rating and set a $20.00 target price on the stock in a research report on Tuesday, April 5th. BlueFin Research reaffirmed an “outperform” rating and issued a $26.00 target price (up previously from $22.00) on shares of Heartland Express in a research report on Thursday, March 24th. Barclays decreased their target price on shares of Heartland Express from $17.00 to $15.00 and set an “underweight” rating on the stock in a research report on Wednesday, April 6th. JPMorgan Chase & Co. began coverage on shares of Heartland Express in a research report on Monday, February 29th. They issued an “underweight” rating and a $16.00 target price on the stock. Finally, Macquarie decreased their target price on shares of Heartland Express from $19.00 to $18.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 27th. Six investment analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company’s stock. Heartland Express presently has a consensus rating of “Hold” and an average price target of $19.41.
Other institutional investors recently made changes to their positions in the company. Invictus RG bought a new position in shares of Heartland Express during the first quarter valued at approximately $116,000. Pacad Investment Ltd. purchased a new stake in Heartland Express during the first quarter valued at $223,000. Magnetar Financial LLC purchased a new stake in Heartland Express during the first quarter valued at $230,000. Ngam Advisors L.P. purchased a new stake in Heartland Express during the first quarter valued at $278,000. Finally, AMP Capital Investors Ltd purchased a new stake in Heartland Express during the first quarter valued at $285,000.
Heartland Express, Inc (Heartland) is a holding company. The Company owns all of the stock of Heartland Express Inc of Iowa, Gordon Trucking, Inc, (GTI), Heartland Express Services, Inc, Heartland Express Maintenance Services, Inc, and A & M Express, Inc The Company, together with its subsidiaries, is a short-to-medium haul truckload carrier of general commodities.