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.
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.
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.
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