Barclays Cuts Hub Group (NASDAQ:HUBG) Price Target to $38.00

Key Points

• Barclays has reduced its price target for Hub Group (NASDAQ:HUBG) from $40.00 to $38.00, indicating a potential upside of 13.33% from the stock's previous close while maintaining an "equal weight" rating.
• Hub Group's earnings report revealed a net margin of 2.65% with revenue of $905.65 million, down 8.2% compared to the previous year, while EPS slightly exceeded analyst expectations.
• Several other analysts have adjusted their price targets, with a consensus target of $38.90 and a current average rating of "Moderate Buy" for Hub Group.

Hub Group (NASDAQ:HUBG - Get Free Report) had its price objective dropped by analysts at Barclays from $40.00 to $38.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has an "equal weight" rating on the transportation company's stock. Barclays's price target would indicate a potential upside of 13.33% from the stock's previous close.

A number of other equities research analysts have also commented on HUBG. Robert W. Baird reduced their price objective on shares of Hub Group from $44.00 to $42.00 and set an "outperform" rating on the stock in a research note on Monday, August 4th. Baird R W raised shares of Hub Group to a "strong-buy" rating in a research note on Tuesday, July 1st. Deutsche Bank Aktiengesellschaft raised shares of Hub Group from a "hold" rating to a "buy" rating and set a $41.00 price objective on the stock in a research note on Wednesday, July 23rd. JPMorgan Chase & Co. reduced their price objective on shares of Hub Group from $39.00 to $36.00 and set a "neutral" rating on the stock in a research note on Tuesday, July 8th. Finally, Susquehanna reduced their price objective on shares of Hub Group from $47.00 to $42.00 and set a "positive" rating on the stock in a research note on Wednesday, September 24th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $38.90.

Hub Group Trading Down 2.6%

HUBG opened at $33.53 on Thursday. Hub Group has a fifty-two week low of $30.75 and a fifty-two week high of $53.21. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.42 and a quick ratio of 1.42. The firm has a market capitalization of $2.05 billion, a price-to-earnings ratio of 20.32, a PEG ratio of 1.15 and a beta of 1.12. The company's 50 day moving average price is $35.91 and its two-hundred day moving average price is $34.83.

Hub Group (NASDAQ:HUBG - Get Free Report) last posted its earnings results on Thursday, July 31st. The transportation company reported $0.45 earnings per share for the quarter, topping analysts' consensus estimates of $0.44 by $0.01. Hub Group had a net margin of 2.65% and a return on equity of 6.81%. The firm had revenue of $905.65 million for the quarter, compared to analyst estimates of $913.53 million. During the same period in the previous year, the firm posted $0.47 EPS. The company's revenue for the quarter was down 8.2% compared to the same quarter last year. Hub Group has set its FY 2025 guidance at 1.800-2.050 EPS. As a group, research analysts predict that Hub Group will post 2.2 earnings per share for the current year.

Hedge Funds Weigh In On Hub Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Corient Private Wealth LLC boosted its position in Hub Group by 25.1% during the second quarter. Corient Private Wealth LLC now owns 7,057 shares of the transportation company's stock worth $236,000 after purchasing an additional 1,414 shares during the period. Texas Permanent School Fund Corp boosted its position in Hub Group by 27.6% during the second quarter. Texas Permanent School Fund Corp now owns 38,874 shares of the transportation company's stock worth $1,300,000 after purchasing an additional 8,399 shares during the period. Neuberger Berman Group LLC bought a new position in Hub Group during the second quarter worth about $319,000. Hudson Bay Capital Management LP boosted its position in Hub Group by 3,557.4% during the second quarter. Hudson Bay Capital Management LP now owns 505,787 shares of the transportation company's stock worth $16,908,000 after purchasing an additional 491,958 shares during the period. Finally, Public Sector Pension Investment Board boosted its position in Hub Group by 5.6% during the second quarter. Public Sector Pension Investment Board now owns 231,091 shares of the transportation company's stock worth $7,725,000 after purchasing an additional 12,226 shares during the period. Institutional investors own 46.77% of the company's stock.

About Hub Group

Hub Group, Inc, a supply chain solutions provider, offers transportation and logistics management services in North America. The company's transportation services include intermodal, truckload, less-than-truckload, flatbed, temperature-controlled, and dedicated and regional trucking, as well as final mile, railcar, small parcel, and international transportation.

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