BidaskClub upgraded shares of Hub Group (NASDAQ:HUBG) from a sell rating to a hold rating in a research report released on Friday.
HUBG has been the subject of several other reports. BMO Capital Markets upped their price target on Hub Group from $49.00 to $50.00 and gave the stock a market perform rating in a research note on Friday, October 26th. Morgan Stanley set a $49.00 price target on Hub Group and gave the stock a hold rating in a research note on Monday, November 12th. ValuEngine downgraded Hub Group from a hold rating to a sell rating in a research note on Tuesday, October 2nd. UBS Group downgraded Hub Group from a buy rating to a neutral rating and dropped their price target for the stock from $53.00 to $48.00 in a research note on Tuesday, December 4th. Finally, Buckingham Research dropped their price target on Hub Group from $53.00 to $46.00 and set a neutral rating for the company in a research note on Friday, October 12th. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Hub Group presently has an average rating of Hold and an average price target of $56.60.
Shares of NASDAQ:HUBG opened at $41.57 on Friday. The company has a market cap of $1.40 billion, a P/E ratio of 21.76 and a beta of 1.46. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.23. Hub Group has a 12-month low of $34.02 and a 12-month high of $56.60.
Hub Group (NASDAQ:HUBG) last posted its quarterly earnings results on Thursday, October 25th. The transportation company reported $0.77 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.70 by $0.07. Hub Group had a return on equity of 10.77% and a net margin of 5.78%. The business had revenue of $933.22 million during the quarter, compared to the consensus estimate of $1.11 billion. On average, sell-side analysts expect that Hub Group will post 2.82 earnings per share for the current year.
Several institutional investors and hedge funds have recently modified their holdings of HUBG. Stevens Capital Management LP purchased a new stake in shares of Hub Group during the 3rd quarter worth approximately $216,000. BlueMountain Capital Management LLC raised its holdings in Hub Group by 330.6% during the 3rd quarter. BlueMountain Capital Management LLC now owns 5,003 shares of the transportation company’s stock valued at $228,000 after buying an additional 3,841 shares during the period. Jane Street Group LLC purchased a new stake in Hub Group during the 3rd quarter valued at $232,000. Tower Research Capital LLC TRC raised its holdings in Hub Group by 16.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,752 shares of the transportation company’s stock valued at $336,000 after buying an additional 973 shares during the period. Finally, Allianz Asset Management GmbH raised its holdings in Hub Group by 80.9% during the 3rd quarter. Allianz Asset Management GmbH now owns 7,674 shares of the transportation company’s stock valued at $350,000 after buying an additional 3,432 shares during the period. 90.73% of the stock is currently owned by institutional investors and hedge funds.
About Hub Group
Hub Group, Inc, an asset-light freight transportation management company, provides intermodal, truck brokerage, and logistics services in North America. It operates through two segments, Mode and Hub. Its intermodal services include arranging for the movement of its customers' freight in containers and trailers over long distances.
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