Added to YB: 2024-10-24
Pitch date: 2024-10-22
HTLD [bullish]
Heartland Express, Inc.
-4.44%
current return
Author Info
Company Info
Heartland Express, Inc., together with its subsidiaries, operates as a short, medium, and long-haul truckload carrier and transportation services provider in the United States, Mexico, and Canada.
Market Cap
$854.2M
Pitch Price
$11.18
Price Target
38.00 (+256%)
Dividend
0.73%
EV/EBITDA
6.55
P/E
-16.38
EV/Sales
1.24
Sector
Ground Transportation
Category
turnaround
Picking my spots for the End of Destocking: Heartland Express $HTLD
HTLD: Family-run trucking co, 8th largest US fleet. Recent acquisitions (CFI, Smith, Millis) led to debt, upsetting shareholders. CEO expects 85% Adj OR in 2 yrs. Normalized $1.2B rev could gen $180M EBITDA. PT $38 (3x) on end of destocking, multiple expansion, debt repayment. Risks: falling knife, neg GAAP income. Insider buying, aligned incentives.
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