Wachovia Upgrades Heartland Express (HTLD) to Outperform
More News related to HTLD
- Morgan Stanley Initiates Coverage on Heartland Express (HTLD) with an Equalweight
- Heartland Express (HTLD) Declares Qtr. Dividend of $0.02, Yielding 0.52%
- Heartland Express, Inc. Declares Regular Quarterly Dividend
- Morning Movers 4/16: CSKI, GMKT, UIS, JAH, PLXS, FCS, NOK Higher; GGP, NOBL, DSCO, BGG, CIM, IIIN Lower
- Heartland Express (HTLD) Reports Mixed Q1 Earnings
More News related to Upgrades
- Bank of America Upgrades Western Digital (WDC) and Seagate (STX) Two-Notches to Buy
- KeyBanc Upgrades Oshkosh Corporation (OSK) to Buy; Contract Win a Game-Changer
- Auriga Upgrades Sprint (S) to Buy
- Goldman Sachs Upgrades Nordstrom (JWN) to Neutral, Removes From Sell List
Wachovia upgrades Heartland Express (Nasdaq: HTLD) from Market Perform to Outperform with a $16-$17 valuation range.
The firm gave several reasons for its upgrade on Heartland:
- the Company looks attractively valued on a P/E basis, compared to its peers;
- Heartland has a large cash position on its balance sheet, totaling about $1.71/share, which could be used for acquisitions or stock buybacks;
- limited downside risk as the stock is currently trading at only 10.2% higher than its 52-week low of $12.98; and
- Heartland's margins are much larger than companies in its peer group.
Heartland Express, Inc. operates as a short-to-medium haul truckload carrier of general commodities in the United States.
Related Categories
UpgradesStocks Mentioned
-0.28Related Entities
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
