BB&T Capital Downgrades Heartland Express to Hold

Brokerage firm BB&T Capital Downgrades its rating on Heartland Express(NASDAQ:HTLD). The shares have been rated Hold. Previously, the analysts had a Buy rating on the shares. The rating by BB&T Capital was issued on Jun 22, 2016.

In a different note, On May 9, 2016, Wells Fargo said it Downgrades its rating on Heartland Express. The shares have been rated ‘Underperform’ by the firm. On Apr 7, 2016, KeyBanc said it Downgrades its rating on Heartland Express. The shares have been rated ‘Sector Weight’ by the firm. On Apr 6, 2016, Barclays said it Maintains its rating on Heartland Express. In the research note, the firm Lowers the price-target to $17.00 per share. The shares have been rated ‘Underweight’ by the firm.

Heartland Express (HTLD) shares turned negative on Mondays trading session with the shares closing down -0.3 points or -1.75% at a volume of 10,80,024. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $17.065. The peak price level was also seen at $17.065 while the days lowest was $16.66. Finally the shares closed at $16.81. The 52-week high of the shares is $22.13 while the 52-week low is $15.36. According to the latest information available, the market cap of the company is $1,399 M.

Heartland Express(HTLD) last announced its earnings results on Apr 26, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $162.79M. Analysts had an estimated revenue of $176.83M. Earnings per share were $0.17. Analysts had estimated an EPS of $0.16.

Several Insider Transactions has been reported to the SEC. On Jun 16, 2016, Larry J. Gordon (director) sold 95,934 shares at $17.74 per share price.Also, On Jun 16, 2015, Steven M Gordon (COO of Subsidiary) sold 50,000 shares at $20.58 per share price.On Jun 16, 2015, James G Pratt (director) purchased 2,000 shares at $21.29 per share price, according to the Form-4 filing with the securities and exchange commission.

Heartland Express Inc. (Heartland) is a holding company. The Company 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. The Company together with its subsidiaries is a short-to-medium haul truckload carrier of general commodities. The Company provides transportation services across the United States and parts of Canada. It offers primarily asset-based transportation services in the dry van truckload market and also offers truckload temperature-controlled transportation services and non-asset based brokerage services. It provides nationwide asset-based dry van truckload service for shippers from Washington to Florida and New England to California. The Company operates around 21 terminal facilities throughout the United States.

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