Hub Group (NASDAQ:HUBG) Given New $46.00 Price Target at JPMorgan Chase & Co.

Key Points

• JPMorgan cut Hub Group’s price target to $46 from $50 while maintaining a “neutral” rating, implying roughly 57.8% upside from the prior close.
• Analyst sentiment remains mixed: five analysts rate the stock “Buy,” eleven rate it “Hold,” and the consensus rating is “Hold” with an average price target of $41.
• Hub Group shares fell 2.1% to $29.15, near the company’s 12-month low of $28.62; institutional investors own approximately 46.77% of the stock.

Hub Group (NASDAQ:HUBG - Get Free Report) had its target price decreased by investment analysts at JPMorgan Chase & Co. from $50.00 to $46.00 in a research note issued on Monday, Benzinga reports. The firm presently has a "neutral" rating on the transportation company's stock. JPMorgan Chase & Co.'s target price suggests a potential upside of 57.80% from the company's previous close.

Other research analysts have also issued research reports about the stock. UBS Group restated a "neutral" rating on shares of Hub Group in a research note on Tuesday, September 15th. Stifel Nicolaus set a $29.00 target price on Hub Group and gave the company a "hold" rating in a research report on Thursday. Barclays set a $30.00 price target on Hub Group and gave the stock an "equal weight" rating in a research report on Monday, September 28th. Wall Street Zen lowered Hub Group from a "hold" rating to a "sell" rating in a report on Monday. Finally, Raymond James Financial reduced their price objective on Hub Group from $48.00 to $40.00 and set an "outperform" rating for the company in a research note on Thursday, September 17th. Five equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat, Hub Group has an average rating of "Hold" and an average price target of $41.00.

Hub Group Stock Down 2.1%

Shares of Hub Group stock traded down $0.62 during midday trading on Monday, hitting $29.15. The company had a trading volume of 170,266 shares, compared to its average volume of 951,751. The company has a fifty day simple moving average of $38.35 and a 200 day simple moving average of $40.89. The stock has a market cap of $1.78 billion, a price-to-earnings ratio of 16.84 and a beta of 1.24. Hub Group has a 12-month low of $28.62 and a 12-month high of $53.26.

Institutional Trading of Hub Group

A number of hedge funds have recently added to or reduced their stakes in HUBG. Nykredit A S purchased a new stake in shares of Hub Group in the second quarter valued at approximately $25,000. State of Wyoming acquired a new stake in Hub Group in the 1st quarter valued at $52,000. Versant Capital Management Inc grew its stake in Hub Group by 10.6% in the 2nd quarter. Versant Capital Management Inc now owns 2,588 shares of the transportation company's stock valued at $113,000 after acquiring an additional 248 shares during the period. MidFirst Bank purchased a new stake in Hub Group in the 4th quarter worth $153,000. Finally, Headlands Technologies LLC purchased a new stake in Hub Group in the 2nd quarter worth $205,000. 46.77% of the stock is owned by hedge funds and other institutional investors.

Hub Group Company Profile

Hub Group, Inc NASDAQ: HUBG is a North American transportation and logistics company headquartered in Oak Brook, Illinois. The company helps businesses move goods through a combination of intermodal, truckload, less-than-truckload, final-mile and other transportation services.

Hub Group's intermodal operations coordinate freight shipments using rail and trucks, while its brokerage business connects shippers with third-party transportation providers. The company also provides dedicated transportation, managed transportation, logistics, warehousing and supply chain solutions designed to support customers' domestic freight and distribution needs.

Founded in 1971, Hub Group serves customers throughout the United States and maintains transportation capabilities extending into Canada and Mexico.

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