Hub Group, Inc. (NASDAQ:HUBG) Receives $43.31 Average Target Price from Analysts

Shares of Hub Group, Inc. (NASDAQ:HUBG) have earned an average recommendation of “Hold” from the sixteen research firms that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $43.3077.

A number of equities analysts have recently commented on HUBG shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Hub Group in a report on Wednesday, June 24th. Benchmark decreased their price target on shares of Hub Group from $50.00 to $42.00 and set a “buy” rating for the company in a research note on Thursday, May 14th.

Hub Group Stock Up 0.4%

HUBG opened at $36.68 on Tuesday. Hub Group has a 52 week low of $32.90 and a 52 week high of $53.26. The business’s 50 day moving average is $44.27 and its two-hundred day moving average is $41.93. The firm has a market cap of $2.24 billion, a price-to-earnings ratio of 21.20, a price-to-earnings-growth ratio of 1.05 and a beta of 1.19.

Institutional Investors Weigh In On Hub Group

Several hedge funds have recently made changes to their positions in the business. Nykredit A S purchased a new position in shares of Hub Group during the second quarter worth about $25,000. Northwestern Mutual Wealth Management Co. raised its stake in Hub Group by 265.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 644 shares of the transportation company’s stock valued at $27,000 after acquiring an additional 468 shares during the last quarter. Quarry LP lifted its position in Hub Group by 271.5% during the 3rd quarter. Quarry LP now owns 1,107 shares of the transportation company’s stock worth $38,000 after acquiring an additional 809 shares during the period. Smartleaf Asset Management LLC lifted its position in Hub Group by 33.4% during the 2nd quarter. Smartleaf Asset Management LLC now owns 1,282 shares of the transportation company’s stock worth $44,000 after acquiring an additional 321 shares during the period. Finally, State of Wyoming purchased a new position in shares of Hub Group in the 1st quarter valued at approximately $52,000. Institutional investors and hedge funds own 46.77% of the company’s stock.

Hub Group Company Profile

Hub Group, Inc (NASDAQ: HUBG) is a leading supply chain solutions provider headquartered in Oak Brook, Illinois. Founded in 1971 as Hub City Terminals and renamed Hub Group in 1978, the company completed its initial public offering in 2007. Over the decades, Hub Group has developed a comprehensive multimodal transportation network, leveraging partnerships with major rail carriers and an extensive drayage fleet to offer cost-efficient, sustainable shipping alternatives.

The company operates through two primary segments: Intermodal and Transportation Management.