BidaskClub cut shares of Hub Group (NASDAQ:HUBG) from a buy rating to a hold rating in a research note issued to investors on Monday, February 25th.
A number of other research analysts have also recently commented on HUBG. Morgan Stanley increased their target price on Hub Group from $44.00 to $45.00 and gave the company a hold rating in a research note on Monday, October 29th. Buckingham Research raised their target price on Hub Group from $46.00 to $54.00 and gave the stock a neutral rating in a research note on Tuesday, October 30th. Cowen raised their target price on Hub Group from $52.00 to $56.00 and gave the stock a market perform rating in a research note on Monday, November 5th. BMO Capital Markets raised their price objective on shares of Hub Group from $50.00 to $54.00 and gave the stock a market perform rating in a report on Tuesday, November 6th. Finally, Stifel Nicolaus upgraded shares of Hub Group from a hold rating to a buy rating and raised their price objective for the stock from $53.00 to $58.00 in a report on Tuesday, November 6th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company. The company has a consensus rating of Hold and an average target price of $55.90.
Shares of HUBG stock traded down $1.47 during trading on Monday, hitting $39.74. The company’s stock had a trading volume of 237,541 shares, compared to its average volume of 235,767. The firm has a market cap of $1.43 billion, a PE ratio of 15.23 and a beta of 1.68. Hub Group has a 52 week low of $34.02 and a 52 week high of $56.60. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.24.
Hub Group (NASDAQ:HUBG) last issued its quarterly earnings data on Thursday, February 7th. The transportation company reported $1.01 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.90 by $0.11. The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $972.54 million. Hub Group had a return on equity of 11.14% and a net margin of 4.77%. The firm’s revenue was up 12.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.74 earnings per share. On average, research analysts expect that Hub Group will post 3.26 earnings per share for the current year.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. First Mercantile Trust Co. bought a new position in Hub Group during the 4th quarter valued at about $39,000. Quantamental Technologies LLC bought a new position in Hub Group during the 4th quarter valued at about $40,000. Acadian Asset Management LLC bought a new position in Hub Group during the 4th quarter valued at about $60,000. PNC Financial Services Group Inc. grew its holdings in Hub Group by 28.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,076 shares of the transportation company’s stock valued at $76,000 after purchasing an additional 456 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Hub Group by 30.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,336 shares of the transportation company’s stock worth $87,000 after acquiring an additional 544 shares in the last quarter. Hedge funds and other institutional investors own 89.31% of the company’s stock.
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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