UPDATE: Stifel Resumes Heartland Express (HTLD) at Buy

June 21, 2021 4:12 PM EDT
Get Alerts HTLD Hot Sheet
Price: $16.62 +1.84%

Rating Summary:
    3 Buy, 14 Hold, 3 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 18 | Down: 12 | New: 23
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(Updated - June 21, 2021 11:15 PM EDT)

Stifel analyst Joseph W. DeNardi resumes coverage on Heartland Express (NASDAQ: HTLD) with a Buy rating and a price target of $21.00.

The analyst comments "We are resuming coverage of Heartland Express, Inc. (HTLD) with a Buy rating and $21 target price. Heartland's business model is centered entirely around asset-based Truckload and, historically, the company has run one of the best operations in the industry, focusing primarily on regional freight moves. Heartland has been acquisitive over the past decade but those acquisitions have failed to drive top-line growth and that has, at least partly, contributed to stock price underperformance. Going forward, Heartland should benefit from favorable industry supply and demand dynamics, leading to continued robust free cash flow generation. This, paired with Heartland's historical ability to outperform in the down-cycle, set up a rare valuation disconnect that we believe will correct."

For an analyst ratings summary and ratings history on Heartland Express click here. For more ratings news on Heartland Express click here.

Shares of Heartland Express closed at $16.81 yesterday.



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