Hub Group (NASDAQ:HUBG) Price Target Cut to $36.00 by Analysts at TD Cowen

Hub Group (NASDAQ:HUBG - Get Free Report) had its target price lowered by stock analysts at TD Cowen from $40.00 to $36.00 in a research report issued to clients and investors on Friday, Marketbeat reports. The brokerage presently has a "hold" rating on the transportation company's stock. TD Cowen's price target would indicate a potential upside of 1.87% from the stock's current price.

A number of other research analysts have also weighed in on HUBG. Benchmark dropped their target price on Hub Group from $49.00 to $40.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Barclays reduced their price objective on Hub Group from $50.00 to $45.00 and set an "equal weight" rating for the company in a report on Wednesday, April 2nd. Susquehanna dropped their price target on shares of Hub Group from $55.00 to $48.00 and set a "positive" rating on the stock in a research note on Wednesday, March 26th. Deutsche Bank Aktiengesellschaft started coverage on Hub Group in a research report on Friday, March 7th. They set a "hold" rating and a $41.00 price target on the stock. Finally, Stifel Nicolaus lifted their price objective on Hub Group from $46.00 to $53.00 and gave the company a "buy" rating in a research note on Thursday, January 23rd. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, Hub Group currently has a consensus rating of "Hold" and a consensus price target of $43.68.

Hub Group Trading Down 0.5%

Shares of HUBG stock traded down $0.19 during mid-day trading on Friday, hitting $35.34. The company's stock had a trading volume of 218,117 shares, compared to its average volume of 628,022. The company has a market cap of $2.17 billion, a PE ratio of 20.79 and a beta of 1.13. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.30 and a current ratio of 1.33. The company's fifty day simple moving average is $34.68 and its 200-day simple moving average is $41.88. Hub Group has a 52 week low of $30.75 and a 52 week high of $53.21.

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

Institutional Trading of Hub Group

A number of institutional investors have recently made changes to their positions in HUBG. Barclays PLC increased its holdings in Hub Group by 199.6% during the 3rd quarter. Barclays PLC now owns 117,774 shares of the transportation company's stock valued at $5,354,000 after purchasing an additional 78,467 shares during the period. Franklin Resources Inc. boosted its holdings in Hub Group by 1.2% in the third quarter. Franklin Resources Inc. now owns 49,148 shares of the transportation company's stock worth $2,167,000 after acquiring an additional 595 shares in the last quarter. Principal Financial Group Inc. increased its stake in Hub Group by 14.3% during the 3rd quarter. Principal Financial Group Inc. now owns 783,456 shares of the transportation company's stock valued at $35,608,000 after purchasing an additional 97,768 shares in the last quarter. Moody National Bank Trust Division purchased a new position in Hub Group in the 4th quarter worth approximately $393,000. Finally, Hennion & Walsh Asset Management Inc. lifted its holdings in shares of Hub Group by 16.8% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 9,511 shares of the transportation company's stock valued at $424,000 after purchasing an additional 1,368 shares in the last quarter. Hedge funds and other institutional investors own 46.77% of the company's stock.

Hub Group Company Profile

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.