Hub Group (NASDAQ:HUBG) had its price objective boosted by Morgan Stanley from $40.00 to $43.00 in a report released on Tuesday. They currently have an equal weight rating on the transportation company’s stock.
Several other equities analysts have also issued reports on the company. BMO Capital Markets boosted their price target on Hub Group from $42.00 to $44.00 and gave the company a market perform rating in a research note on Friday, October 27th. Stephens upgraded Hub Group from an equal weight rating to an overweight rating in a research note on Friday, October 27th. Zacks Investment Research upgraded Hub Group from a sell rating to a hold rating in a research note on Wednesday, January 10th. Wells Fargo & Co restated a market perform rating and set a $46.00 price target (up from $37.00) on shares of Hub Group in a research note on Thursday, November 2nd. They noted that the move was a valuation call. Finally, Barclays restated a sell rating and set a $45.00 price target on shares of Hub Group in a research note on Wednesday, December 13th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of $48.38.
Hub Group (NASDAQ HUBG) traded up $0.20 during midday trading on Tuesday, hitting $46.60. The company had a trading volume of 311,900 shares, compared to its average volume of 304,866. Hub Group has a fifty-two week low of $33.17 and a fifty-two week high of $52.50. The company has a quick ratio of 1.19, a current ratio of 1.24 and a debt-to-equity ratio of 0.29. The firm has a market cap of $1,582.84, a PE ratio of 24.42, a PEG ratio of 1.33 and a beta of 1.40.
Hub Group (NASDAQ:HUBG) last issued its quarterly earnings results on Thursday, February 8th. The transportation company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.22. Hub Group had a return on equity of 9.36% and a net margin of 3.35%. The firm had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same period in the previous year, the company posted $0.55 earnings per share. The company’s quarterly revenue was up 18.8% compared to the same quarter last year. sell-side analysts predict that Hub Group will post 2.33 earnings per share for the current fiscal year.
Hedge funds have recently added to or reduced their stakes in the company. Fieldpoint Private Securities LLC bought a new stake in shares of Hub Group in the 3rd quarter valued at approximately $100,000. Zions Bancorporation bought a new stake in shares of Hub Group in the 3rd quarter valued at approximately $143,000. CIBC Asset Management Inc bought a new stake in shares of Hub Group in the 4th quarter valued at approximately $205,000. Aperio Group LLC bought a new stake in shares of Hub Group in the 4th quarter valued at approximately $217,000. Finally, Amalgamated Bank bought a new stake in shares of Hub Group in the 4th quarter valued at approximately $226,000. Institutional investors own 92.89% of the company’s stock.
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About Hub Group
Hub Group, Inc is an asset-light freight transportation management company. The Company offers intermodal, truck brokerage and logistics services. It operates through two business segments: Mode and Hub. The Mode segment markets and operates its freight transportation services, consisting of intermodal, truck brokerage and logistics, primarily through agents entering into contractual arrangements with Mode Transportation, LLC (Mode LLC).
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