Heartland Express Inc. (HTLD) Receives $16.29 Average Target Price from Analysts
Heartland Express Inc. (NASDAQ:HTLD) has been given an average recommendation of “Hold” by the twenty research firms that are covering the firm. Five analysts have rated the stock with a sell recommendation, twelve have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $16.29.
HTLD has been the topic of several analyst reports. JPMorgan Chase & Co. upped their target price on shares of Heartland Express from $16.00 to $18.00 and gave the stock an “underweight” rating in a research note on Friday, July 29th. Zacks Investment Research upgraded shares of Heartland Express from a “sell” rating to a “hold” rating in a research note on Thursday, August 18th. Deutsche Bank AG reiterated a “hold” rating on shares of Heartland Express in a research note on Thursday, August 25th. CL King reissued a “neutral” rating on shares of Heartland Express in a report on Thursday, August 25th. Finally, Wedbush reissued a “neutral” rating and set a $12.00 price objective (down from $17.00) on shares of Heartland Express in a report on Thursday, August 25th.
Heartland Express (NASDAQ:HTLD) opened at 21.51 on Tuesday. The firm has a 50-day moving average of $19.34 and a 200 day moving average of $18.65. Heartland Express has a one year low of $15.36 and a one year high of $22.28. The company has a market capitalization of $1.79 billion, a P/E ratio of 29.88 and a beta of 0.35.
Heartland Express (NASDAQ:HTLD) last issued its earnings results on Thursday, October 20th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by $0.01. The firm earned $149.30 million during the quarter, compared to the consensus estimate of $162.30 million. Heartland Express had a return on equity of 12.59% and a net margin of 9.31%. The company’s quarterly revenue was down 18.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.17 EPS. On average, equities analysts forecast that Heartland Express will post $0.67 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 16th. Investors of record on Tuesday, December 6th will be given a dividend of $0.02 per share. The ex-dividend date is Friday, December 2nd. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.37%. Heartland Express’s dividend payout ratio is 11.11%.
Several institutional investors have recently modified their holdings of HTLD. BlackRock Group LTD increased its stake in shares of Heartland Express by 4.6% in the first quarter. BlackRock Group LTD now owns 75,529 shares of the company’s stock worth $1,401,000 after buying an additional 3,290 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Heartland Express by 13.3% in the first quarter. Goldman Sachs Group Inc. now owns 104,070 shares of the company’s stock worth $1,930,000 after buying an additional 12,249 shares in the last quarter. AMP Capital Investors Ltd bought a new stake in shares of Heartland Express during the first quarter worth about $285,000. Envestnet Asset Management Inc. increased its stake in shares of Heartland Express by 19.1% in the first quarter. Envestnet Asset Management Inc. now owns 40,180 shares of the company’s stock worth $745,000 after buying an additional 6,445 shares in the last quarter. Finally, Magnetar Financial LLC bought a new stake in shares of Heartland Express during the first quarter worth about $230,000. Hedge funds and other institutional investors own 59.71% of the company’s stock.
About Heartland Express
Heartland Express, Inc (Heartland) is a holding company. The Company owns all of the stock of Heartland Express Inc of Iowa, Gordon Trucking, Inc, Heartland Express Services, Inc, Heartland Express Maintenance Services, Inc and A & M Express, Inc It provides transportation services to shippers spanning from Washington to Florida and New England to California, as well as parts of Canada.
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