Hub Group (NASDAQ:HUBG) Price Target Lowered to $36.00 at TD Cowen

Hub Group (NASDAQ:HUBG - Get Free Report) had its price objective cut by stock analysts at TD Cowen from $40.00 to $36.00 in a report issued on Friday, MarketBeat reports. The brokerage currently has a "hold" rating on the transportation company's stock. TD Cowen's price target indicates a potential upside of 0.45% from the stock's previous close.

Several other brokerages have also recently issued reports on HUBG. Barclays reduced their price objective on Hub Group from $50.00 to $45.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 2nd. Susquehanna dropped their target price on Hub Group from $55.00 to $48.00 and set a "positive" rating on the stock in a report on Wednesday, March 26th. 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. Stifel Nicolaus increased their target price on Hub Group from $46.00 to $53.00 and gave the company a "buy" rating in a report on Thursday, January 23rd. Finally, Deutsche Bank Aktiengesellschaft began coverage on Hub Group in a report on Friday, March 7th. They issued a "hold" rating and a $41.00 target price on the stock. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $43.68.

Hub Group Trading Up 7.9%

NASDAQ:HUBG traded up $2.61 during trading hours on Friday, reaching $35.84. 864,101 shares of the stock were exchanged, compared to its average volume of 529,744. The company has a quick ratio of 1.30, a current ratio of 1.33 and a debt-to-equity ratio of 0.10. The business has a 50-day moving average of $34.76 and a two-hundred day moving average of $41.92. Hub Group has a twelve month low of $30.75 and a twelve month high of $53.21. The company has a market capitalization of $2.20 billion, a price-to-earnings ratio of 21.08 and a beta of 1.13.

Hub Group (NASDAQ:HUBG - Get Free Report) last announced its quarterly earnings data 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. The business had revenue of $915.22 million for the quarter, compared to analysts' expectations of $973.86 million. Hub Group had a return on equity of 7.10% and a net margin of 2.64%. The company's revenue for the quarter was down 8.5% compared to the same quarter last year. During the same period last year, the firm earned $0.44 earnings per share. On average, equities analysts predict that Hub Group will post 2.2 EPS for the current year.

Institutional Investors Weigh In On Hub Group

Hedge funds have recently made changes to their positions in the business. Farther Finance Advisors LLC lifted its position in Hub Group by 440.3% in the first quarter. Farther Finance Advisors LLC now owns 859 shares of the transportation company's stock valued at $32,000 after purchasing an additional 700 shares during the period. Nomura Asset Management Co. Ltd. grew its stake in Hub Group by 48.4% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 950 shares of the transportation company's stock worth $42,000 after acquiring an additional 310 shares during the period. Smartleaf Asset Management LLC grew its stake in Hub Group by 286.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,541 shares of the transportation company's stock worth $68,000 after acquiring an additional 1,142 shares during the period. TD Private Client Wealth LLC grew its stake in Hub Group by 89.9% in the 1st quarter. TD Private Client Wealth LLC now owns 1,796 shares of the transportation company's stock worth $67,000 after acquiring an additional 850 shares during the period. Finally, Sterling Capital Management LLC grew its stake in shares of Hub Group by 803.3% during the 4th quarter. Sterling Capital Management LLC now owns 1,888 shares of the transportation company's stock valued at $84,000 after buying an additional 1,679 shares during the period. Institutional investors and hedge funds 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.