Morgan Stanley analyst Ravi Shanker maintained a Sell rating on Heartland Express (HTLD) today and set a price target of $16.00. The company’s shares closed last Monday at $21.29.
According to TipRanks.com, Shanker is a 3-star analyst with an average return of 1.8% and a 59.1% success rate. Shanker covers the Services sector, focusing on stocks such as Schneider National Inc, Echo Global Logistics, and Knight Transportation.
The word on The Street in general, suggests a Hold analyst consensus rating for Heartland Express with a $21.33 average price target, implying a -0.1% downside from current levels. In a report issued on October 2, Barclays also maintained a Sell rating on the stock with a $18.00 price target.
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The company has a one-year high of $22.29 and a one-year low of $17.00. Currently, Heartland Express has an average volume of 354.3K.
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Heartland Express, Inc. is a holding company, which engages in the provision of short-to-medium haul truckload carrier services. It offers long haul truckload and regional truckload transportation. The company was founded by Russell A. Gerdin in 1978 and is headquartered in North Liberty, IA.
