Hub Group (NASDAQ:HUBG) Now Covered by Analysts at Robert W. Baird

Robert W. Baird began coverage on shares of Hub Group (NASDAQ:HUBG - Get Free Report) in a research report issued to clients and investors on Tuesday. The firm set an "outperform" rating and a $44.00 price target on the transportation company's stock. Robert W. Baird's price objective indicates a potential upside of 31.62% from the company's previous close.

Other research analysts have also issued reports about the company. Barclays lowered their target price on Hub Group from $45.00 to $40.00 and set an "equal weight" rating for the company in a research report on Monday, May 12th. Deutsche Bank Aktiengesellschaft began coverage on Hub Group in a research note on Friday, March 7th. They issued a "hold" rating and a $41.00 price target for the company. Susquehanna reaffirmed a "positive" rating and issued a $46.00 price objective (up from $45.00) on shares of Hub Group in a research note on Tuesday, June 24th. Benchmark decreased their target price on shares of Hub Group from $40.00 to $33.13 and set a "buy" rating for the company in a research report on Friday, May 9th. Finally, TD Cowen lowered their price target on shares of Hub Group from $40.00 to $36.00 and set a "hold" rating for the company in a report on Friday, May 9th. Six analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $43.51.

Hub Group Price Performance

Shares of HUBG opened at $33.43 on Tuesday. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.09. The stock has a market cap of $2.05 billion, a PE ratio of 19.66, a PEG ratio of 1.57 and a beta of 1.15. Hub Group has a 12-month low of $30.75 and a 12-month high of $53.21. The business has a 50-day simple moving average of $33.51 and a two-hundred day simple moving average of $38.21.

Hub Group (NASDAQ:HUBG - Get Free Report) last released 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 company had revenue of $915.22 million during the quarter, compared to the consensus estimate of $973.86 million. Hub Group had a return on equity of 7.01% and a net margin of 2.69%. The firm's revenue was down 8.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.44 earnings per share. Analysts anticipate that Hub Group will post 2.2 earnings per share for the current fiscal year.

Institutional Trading of Hub Group

Several large investors have recently made changes to their positions in the company. Blue Trust Inc. raised its stake in shares of Hub Group by 40.5% in the first quarter. Blue Trust Inc. now owns 2,478 shares of the transportation company's stock worth $92,000 after purchasing an additional 714 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in shares of Hub Group in the fourth quarter valued at approximately $206,000. KLP Kapitalforvaltning AS purchased a new stake in shares of Hub Group during the fourth quarter valued at approximately $1,279,000. Bank of New York Mellon Corp lifted its holdings in Hub Group by 14.6% during the fourth quarter. Bank of New York Mellon Corp now owns 577,940 shares of the transportation company's stock worth $25,753,000 after acquiring an additional 73,712 shares during the period. Finally, Atria Investments Inc bought a new stake in Hub Group during the fourth quarter worth $216,000. 46.77% of the stock is currently owned by institutional investors and hedge funds.

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.

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