Hub Group (NASDAQ:HUBG) Downgraded to "Sell" Rating by Wall Street Zen

Key Points

• Wall Street Zen downgraded Hub Group from “Hold” to “Sell,” while the broader analyst consensus remains “Hold,” with six Buy, nine Hold, and one Sell rating.
• Analysts’ consensus price target is $42.69; recent updates included Wells Fargo’s $35 target and Raymond James lowering its target from $48 to $40 while maintaining an “Outperform” rating.
• Hub Group shares opened at $32.72, near their 12-month low of $31.41 and well below the 50-day and 200-day moving averages of $42.16 and $41.45, respectively.

Hub Group (NASDAQ:HUBG - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research note issued to investors on Saturday, Wall Street Zen reports.

A number of other research analysts also recently commented on the company. UBS Group reiterated a "neutral" rating on shares of Hub Group in a report on Tuesday. Weiss Ratings restated a "hold (c)" rating on shares of Hub Group in a research note on Wednesday, June 24th. Wells Fargo & Company set a $35.00 price target on Hub Group in a report on Monday. Finally, Raymond James Financial dropped their price target on shares of Hub Group from $48.00 to $40.00 and set an "outperform" rating on the stock in a research note on Thursday. Six research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Hub Group presently has a consensus rating of "Hold" and a consensus price target of $42.69.

Hub Group Price Performance

NASDAQ:HUBG opened at $32.72 on Friday. Hub Group has a 12 month low of $31.41 and a 12 month high of $53.26. The firm has a market capitalization of $2.00 billion, a PE ratio of 18.91, a price-to-earnings-growth ratio of 0.95 and a beta of 1.19. The business's fifty day moving average price is $42.16 and its 200 day moving average price is $41.45.

Institutional Trading of Hub Group

Several institutional investors and hedge funds have recently bought and sold shares of the business. Wellington Management Group LLP grew its position in Hub Group by 7.1% during the 2nd quarter. Wellington Management Group LLP now owns 7,446,774 shares of the transportation company's stock worth $326,094,000 after purchasing an additional 491,130 shares during the last quarter. Capital International Investors raised its holdings in shares of Hub Group by 16.9% in the fourth quarter. Capital International Investors now owns 3,465,688 shares of the transportation company's stock valued at $147,673,000 after buying an additional 501,955 shares during the last quarter. River Road Asset Management LLC raised its holdings in shares of Hub Group by 6.6% in the fourth quarter. River Road Asset Management LLC now owns 1,320,784 shares of the transportation company's stock valued at $56,279,000 after buying an additional 81,764 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of Hub Group by 8.1% during the first quarter. Bank of America Corp DE now owns 810,131 shares of the transportation company's stock worth $29,197,000 after buying an additional 61,025 shares during the period. Finally, Royce & Associates LP boosted its stake in shares of Hub Group by 27.3% during the fourth quarter. Royce & Associates LP now owns 525,543 shares of the transportation company's stock worth $22,393,000 after buying an additional 112,665 shares during the period. Hedge funds and other institutional investors own 46.77% of the company's stock.

Hub Group Company Profile

Hub Group, Inc is a North American transportation and logistics company that provides supply chain solutions to manufacturers, retailers, distributors and other businesses. Its services are designed to help customers move freight efficiently across multiple modes of transportation and manage related logistics activities.

The company's primary offerings include intermodal transportation, which combines rail and truck services; truck brokerage; dedicated and managed transportation; and final-mile and other logistics services.

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