Hub Group, Inc. (NASDAQ:HUBG) Stock Has Average Target Price of $42.69 According to Analysts

Key Points

• Analysts maintain a “Hold” consensus on Hub Group, with nine hold, six buy, and one sell rating among 16 analysts. The average 12-month price target is $42.69.
• HUBG opened at $30.34, near its 52-week low of $29.92 and well below its 52-week high of $53.26. Recent analyst actions included Raymond James cutting its target to $40 and Wells Fargo setting a $35 target.
• Hub Group declared a quarterly dividend of $0.125 per share, equivalent to $0.50 annually and a 1.6% yield. Institutional investors own approximately 46.77% of the company.

Shares of Hub Group, Inc. (NASDAQ:HUBG - Get Free Report) have received a consensus recommendation of "Hold" from the sixteen analysts that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation and six have given a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $42.69.

A number of research firms have recently issued reports on HUBG. Wall Street Zen downgraded shares of Hub Group from a "hold" rating to a "sell" rating in a research report on Saturday, September 19th. Weiss Ratings cut Hub Group from a "hold (c)" rating to a "hold (c-)" rating in a report on Monday. UBS Group reaffirmed a "neutral" rating on shares of Hub Group in a research note on Tuesday, September 15th. 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 report on Thursday, September 17th. Finally, Wells Fargo & Company set a $35.00 target price on Hub Group in a research report on Monday, September 14th.

Hub Group Trading Up 1.0%

HUBG stock opened at $30.34 on Friday. The company has a market cap of $1.86 billion, a P/E ratio of 17.54, a P/E/G ratio of 1.07 and a beta of 1.19. Hub Group has a 52 week low of $29.92 and a 52 week high of $53.26. The company's 50-day moving average price is $40.37 and its 200 day moving average price is $41.07.

Hub Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st will be paid a dividend of $0.1250 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Monday, September 21st. Hub Group's payout ratio is 28.90%.

Institutional Investors Weigh In On Hub Group

Several institutional investors and hedge funds have recently made changes to their positions in the business. Versant Capital Management Inc increased its stake in shares of Hub Group by 10.6% during the 2nd quarter. Versant Capital Management Inc now owns 2,588 shares of the transportation company's stock worth $113,000 after purchasing an additional 248 shares in the last quarter. ProShare Advisors LLC lifted its stake in Hub Group by 3.1% in the 4th quarter. ProShare Advisors LLC now owns 11,631 shares of the transportation company's stock valued at $496,000 after buying an additional 355 shares in the last quarter. Nykredit A S purchased a new stake in Hub Group in the 2nd quarter valued at approximately $25,000. NewEdge Advisors LLC lifted its stake in Hub Group by 10.7% in the 1st quarter. NewEdge Advisors LLC now owns 6,880 shares of the transportation company's stock valued at $248,000 after buying an additional 666 shares in the last quarter. Finally, Sequoia Financial Advisors LLC grew its holdings in Hub Group by 8.2% during the 1st quarter. Sequoia Financial Advisors LLC now owns 9,315 shares of the transportation company's stock valued at $336,000 after buying an additional 705 shares during the last quarter. 46.77% of the stock is currently owned by hedge funds and other institutional investors.

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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