Heartland Express (NASDAQ:HTLD) Receives a Downgrade
It appears that trading for shares of Heartland Express (NASDAQ:HTLD) will be interesting to watch today. Longbow downgraded the stock from their past Buy rating to a more current Neutral.
From a total of 13 analysts covering Heartland Express (NASDAQ:HTLD) stock, 4 rate it a ”Buy”, 4 a “Sell”, and 7 a ”Hold”. This means that 27% of the ratings are positive. The highest target price is $26 while the lowest target price is $16. The mean of all analyst targets is $20.69 with a 10.05% above today’s ($17.81) stock price. Heartland Express was the topic of 7 analyst reports since July 30, 2015 according to the firm StockzIntelligence Inc. Macquarie Research maintained shares on October 28 with “Neutral” rating. Barclays Capital maintained HTLD stock in a recent report from October 5 with “Underweight” rating.
The stock increased 0.11% or $0.02 on December 3, striking $17.81. Approximately shares of stock traded hands. Heartland Express, Inc. (NASDAQ:HTLD) has declined 15.83% since May 1, 2015 and is downtrending. It has underperformed by 13.05% the S&P500.
Heartland Express, Inc. is a holding company. The company has a market cap of $1.52 billion. The Firm 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. It has 20.17 P/E ratio. The Company, together with its subsidiaries, is a short-to-medium haul truckload carrier of general commodities.
According to Zacks Investment Research, “Heartland Express, Inc. is a short-to-medium haul truckload carrier based near Iowa City, Iowa. The Company provides nationwide transportation service to major shippers, using late-model tractors and a uniform fleet of 53-foot aluminum plate dry vans.” Get a free copy of the Zacks research report on Heartland Express, Inc. (HTLD).