At the time of writing, Heartland Express, Inc [HTLD] stock is trading at $12.57, up 2.95%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The HTLD shares have gain 15.53% over the last week, with a monthly amount glided 8.08%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Heartland Express, Inc [NASDAQ: HTLD] stock has seen the most recent analyst activity on July 09, 2024, when UBS downgraded its rating to a Neutral and also revised its price target to $13 from $15. Previously, JP Morgan downgraded its rating to Underweight on July 09, 2024, and dropped its price target to $10. On November 11, 2022, upgrade upgraded it’s rating to Buy and revised its price target to $18 on the stock. Morgan Stanley upgraded its rating to a Equal-Weight but stick to its price target of $16 on March 15, 2022. JP Morgan downgraded its rating to a Neutral and reduced its price target to $16 on February 18, 2022. Barclays downgraded its rating to Underweight for this stock on January 26, 2022, and downed its price target to $15. In a note dated July 01, 2021, JP Morgan upgraded an Overweight rating on this stock but restated the target price of $20.
For the past year, the stock price of Heartland Express, Inc fluctuated between $9.63 and $14.60. Currently, Wall Street analysts expect the stock to reach $16.33 within the next 12 months. Heartland Express, Inc [NASDAQ: HTLD] shares were valued at $12.57 at the most recent close of the market. An investor can expect a potential return of 29.91% based on the average HTLD price forecast.
Analyzing the HTLD fundamentals
According to Heartland Express, Inc [NASDAQ:HTLD], the company’s sales were 1.08B for trailing twelve months, which represents an -11.92% plunge. Gross Profit Margin for this corporation currently stands at 0.2% with Operating Profit Margin at -0.03%, Pretax Profit Margin comes in at -0.03%, and Net Profit Margin reading is -0.02%. To continue investigating profitability, this company’s Return on Assets is posted at -0.01, Equity is -0.02 and Total Capital is -0.02. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.17.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 12.17 points at the first support level, and at 11.77 for the second support level. However, for the 1st resistance point, the stock is sitting at 12.78, and for the 2nd resistance point, it is at 12.99.
Ratios To Look Out For
It is important to note that Heartland Express, Inc [NASDAQ:HTLD] has a current ratio of 1.17. As well, the Quick Ratio is 1.23, while the Cash Ratio is 0.23. Considering the valuation of this stock, the price to sales ratio is 0.91, the price to book ratio is 1.19.
Transactions by insiders
Recent insider trading involved GERDIN MICHAEL J, Chief Executive Officer, that happened on Nov 08 ’24 when 35960.0 shares were purchased. Chief Executive Officer, GERDIN MICHAEL J completed a deal on Nov 07 ’24 to buy 10951.0 shares. Meanwhile, Chief Executive Officer GERDIN MICHAEL J bought 63074.0 shares on Nov 04 ’24.
