Heartland Express, Inc. (NASDAQ:HTLD) has been downgraded to Sell in a statement by Zacks Investment Research earlier today.
- Updated: October 10, 2016
Zacks Investment Research has downgraded Heartland Express, Inc. (NASDAQ:HTLD) to Sell in a statement released on 10/11/2016.
On 9/12/2016, Barclays Capital released a statement on Heartland Express, Inc. (NASDAQ:HTLD) bumped up the target price from $16.00 to $17.00 that suggested a downside of -0.10%.
Boasting a price of $18.88, Heartland Express, Inc. (NASDAQ:HTLD) traded 0.59% higher on the day. With the last close up 3.12% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Heartland Express, Inc. has recorded a 50-day average of $19.06 and a two hundred day average of $18.31. Volume of trade was down over the average, with 278,974 shares of HTLD changing hands under the typical 469,277
With a total market value of $0, Heartland Express, Inc. has price-earnings ratio of 25.55 with a one year low of $15.36 and a one year high of $21.95 .
A total of 11 analysts have released a research note on HTLD. Two analysts rating the company a strong buy, zero analysts rating the company a buy, seven analysts rating the company a hold, five analysts rating the company a underperform, and finally two analysts rating the company a sell with a one year target of $17.36.
More About Heartland Express, Inc. (NASDAQ:HTLD)
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. It offers primarily asset-based transportation services in the dry van truckload market and offers temperature-controlled transportation services and non-asset based freight brokerage services. The Company, together with its subsidiaries, is a short-to-medium haul truckload carrier. The Company operates over 20 terminal facilities throughout the United States. Its tractors are equipped with mobile communication systems, which enable communication with drivers regarding freight and safety, and provide the ability to manage the needs of its customers based on real-time information on load status.
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