Heartland Express (HTLD) Upgraded to “B-” by TheStreet
Several other research firms have also weighed in on HTLD. Zacks Investment Research raised shares of Heartland Express from a sell rating to a hold rating in a report on Tuesday, January 9th. BidaskClub raised shares of Heartland Express from a hold rating to a buy rating in a report on Wednesday, December 27th. UBS Group raised their price objective 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. Finally, Barclays dropped their price objective on shares of Heartland Express from $21.00 to $20.00 and set an underweight rating for the company in a report on Wednesday, November 1st. Four investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of $24.17.
Shares of Heartland Express (NASDAQ:HTLD) opened at $21.35 on Monday. The firm has a market cap of $1,676.05, a P/E ratio of 23.72, a PEG ratio of 1.78 and a beta of 0.47. Heartland Express has a fifty-two week low of $18.71 and a fifty-two week high of $25.22.
Several institutional investors have recently modified their holdings of HTLD. Hartford Investment Management Co. acquired a new stake in shares of Heartland Express in the third quarter valued at approximately $211,000. Crossmark Global Holdings Inc. acquired a new stake in shares of Heartland Express in the third quarter valued at approximately $238,000. Ramsey Quantitative Systems acquired a new stake in shares of Heartland Express in the fourth quarter valued at approximately $240,000. ETRADE Capital Management LLC acquired a new stake in shares of Heartland Express in the fourth quarter valued at approximately $244,000. Finally, Wrapmanager Inc. acquired a new stake in shares of Heartland Express in the fourth quarter valued at approximately $248,000. 59.44% of the stock is owned by institutional investors and hedge funds.
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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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