Heartland Express (HTLD) Receives New Coverage from Analysts at Stifel Nicolaus

Research analysts at Stifel Nicolaus assumed coverage on shares of Heartland Express (NASDAQ:HTLD) in a report issued on Friday. The firm set a “hold” rating and a $17.00 price target on the transportation company’s stock. Stifel Nicolaus’ price target points to a potential downside of 5.82% from the stock’s previous close.

A number of other equities research analysts also recently issued reports on HTLD. Zacks Investment Research downgraded shares of Heartland Express from a “hold” rating to a “sell” rating in a research note on Friday, December 22nd. BidaskClub raised shares of Heartland Express from a “hold” rating to a “buy” rating in a research note on Wednesday, December 27th. TheStreet raised shares of Heartland Express from a “c” rating to a “b-” rating in a research note on Monday, February 12th. JPMorgan Chase dropped their price objective on shares of Heartland Express from $24.00 to $22.00 and set an “underweight” rating for the company in a report on Wednesday, February 14th. Finally, Seaport Global Securities restated a “neutral” rating on shares of Heartland Express in a report on Tuesday, February 13th. Six research analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. The company presently has a consensus rating of “Sell” and an average target price of $21.13.

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Heartland Express stock opened at $18.05 on Friday. The company has a market capitalization of $1,535.44, a PE ratio of 35.59, a P/E/G ratio of 1.70 and a beta of 0.67. Heartland Express has a 1 year low of $17.76 and a 1 year high of $25.22.

Heartland Express (NASDAQ:HTLD) last released its quarterly 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 company had revenue of $165.00 million during the quarter, compared to analysts’ expectations of $190.22 million. Heartland Express had a net margin of 12.38% and a return on equity of 7.84%. Heartland Express’s revenue was up 17.9% on a year-over-year basis. During the same period last year, the firm posted $0.16 earnings per share. sell-side analysts anticipate that Heartland Express will post 0.72 earnings per share for the current fiscal year.

Several hedge funds have recently made changes to their positions in the stock. MetLife Investment Advisors LLC acquired a new position in shares of Heartland Express in the fourth quarter valued at approximately $523,000. Two Sigma Advisers LP grew its holdings in shares of Heartland Express by 4.4% in the fourth quarter. Two Sigma Advisers LP now owns 136,506 shares of the transportation company’s stock valued at $3,186,000 after purchasing an additional 5,800 shares in the last quarter. Stone Ridge Asset Management LLC acquired a new position in shares of Heartland Express in the fourth quarter valued at approximately $635,000. Guggenheim Capital LLC grew its holdings in shares of Heartland Express by 26.2% in the fourth quarter. Guggenheim Capital LLC now owns 26,942 shares of the transportation company’s stock valued at $629,000 after purchasing an additional 5,593 shares in the last quarter. Finally, Deutsche Bank AG grew its holdings in shares of Heartland Express by 30.2% in the fourth quarter. Deutsche Bank AG now owns 187,408 shares of the transportation company’s stock valued at $4,372,000 after purchasing an additional 43,445 shares in the last quarter. Hedge funds and other institutional investors own 61.56% of the company’s stock.

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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)

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