Hub Group (NASDAQ:HUBG) Price Target Cut to $40.00 by Analysts at Barclays

Hub Group (NASDAQ:HUBG - Get Free Report) had its price target lowered by investment analysts at Barclays from $45.00 to $40.00 in a report released on Monday,Benzinga reports. The brokerage presently has an "equal weight" rating on the transportation company's stock. Barclays's target price would indicate a potential upside of 11.23% from the company's previous close.

A number of other equities research analysts have also recently issued reports on HUBG. Stifel Nicolaus upped their price objective on shares of Hub Group from $46.00 to $53.00 and gave the stock a "buy" rating in a report on Thursday, January 23rd. Susquehanna decreased their price objective on shares of Hub Group from $55.00 to $48.00 and set a "positive" rating for the company in a report on Wednesday, March 26th. Benchmark decreased their price objective on shares of Hub Group from $40.00 to $33.13 and set a "buy" rating for the company in a report on Friday, May 9th. TD Cowen cut their target price on shares of Hub Group from $40.00 to $36.00 and set a "hold" rating for the company in a research report on Friday, May 9th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Hub Group in a research report on Friday, March 7th. They set a "hold" rating and a $41.00 target price for the company. Six analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $43.68.

Hub Group Price Performance

Shares of NASDAQ HUBG traded up $0.22 during trading on Monday, hitting $35.96. The company had a trading volume of 481,190 shares, compared to its average volume of 531,361. The business's 50-day moving average is $34.51 and its 200 day moving average is $41.73. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.30 and a current ratio of 1.33. Hub Group has a 52 week low of $30.75 and a 52 week high of $53.21. The company has a market cap of $2.21 billion, a P/E ratio of 21.15 and a beta of 1.13.

Hub Group (NASDAQ:HUBG - Get Free Report) last announced its earnings results on Thursday, May 8th. The transportation company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.02. Hub Group had a net margin of 2.64% and a return on equity of 7.10%. The company had revenue of $915.22 million for the quarter, compared to the consensus estimate of $973.86 million. During the same period in the previous year, the business earned $0.44 EPS. The company's revenue was down 8.5% on a year-over-year basis. Equities research analysts predict that Hub Group will post 2.2 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Capital International Investors acquired a new stake in Hub Group during the fourth quarter worth approximately $95,105,000. Norges Bank acquired a new position in shares of Hub Group in the 4th quarter valued at approximately $41,487,000. Nuveen LLC acquired a new position in shares of Hub Group in the 1st quarter valued at approximately $28,380,000. Fuller & Thaler Asset Management Inc. raised its position in shares of Hub Group by 90.3% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 1,248,265 shares of the transportation company's stock valued at $46,398,000 after buying an additional 592,443 shares in the last quarter. Finally, Balyasny Asset Management L.P. lifted its stake in Hub Group by 77.1% in the 4th quarter. Balyasny Asset Management L.P. now owns 1,147,499 shares of the transportation company's stock valued at $51,133,000 after purchasing an additional 499,621 shares during the last quarter. 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.