Equities researchers at Robert W. Baird started coverage on shares of Hub Group (NASDAQ:HUBG - Get Free Report) in a report issued on Tuesday, Marketbeat Ratings reports. The brokerage set an "outperform" rating and a $44.00 price target on the transportation company's stock. Robert W. Baird's price objective points to a potential upside of 23.04% from the stock's previous close.
HUBG has been the subject of several other research reports. Benchmark dropped their price target on shares of Hub Group from $40.00 to $33.13 and set a "buy" rating for the company in a research note on Friday, May 9th. 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 note on Monday, May 12th. Deutsche Bank Aktiengesellschaft started coverage on Hub Group in a research report on Friday, March 7th. They issued a "hold" rating and a $41.00 price target on the stock. TD Cowen lowered their price objective on 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, Susquehanna restated a "positive" rating and set a $46.00 target price (up from $45.00) on shares of Hub Group in a research note on Tuesday, June 24th. Six equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $43.51.
View Our Latest Research Report on Hub Group
Hub Group Trading Down 0.9%
HUBG traded down $0.31 during mid-day trading on Tuesday, hitting $35.76. 324,754 shares of the stock were exchanged, compared to its average volume of 550,650. The firm's fifty day moving average is $33.75 and its two-hundred day moving average is $37.99. Hub Group has a 1-year low of $30.75 and a 1-year high of $53.21. The company has a market cap of $2.19 billion, a PE ratio of 21.04, a PEG ratio of 1.64 and a beta of 1.13. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.09.
Hub Group (NASDAQ:HUBG - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The transportation company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.02. Hub Group had a net margin of 2.69% and a return on equity of 7.01%. The business had revenue of $915.22 million for the quarter, compared to analysts' expectations of $973.86 million. During the same quarter in the prior year, the company earned $0.44 earnings per share. The business's quarterly revenue was down 8.5% on a year-over-year basis. Equities analysts forecast that Hub Group will post 2.2 earnings per share for the current fiscal year.
Institutional Trading of Hub Group
A number of large investors have recently made changes to their positions in HUBG. Farther Finance Advisors LLC lifted its stake 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 buying an additional 700 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in Hub Group by 48.4% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 950 shares of the transportation company's stock worth $42,000 after purchasing an additional 310 shares during the period. Caitong International Asset Management Co. Ltd grew its position in Hub Group by 139,500.0% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,396 shares of the transportation company's stock worth $52,000 after purchasing an additional 1,395 shares during the last quarter. TD Private Client Wealth LLC grew its position in Hub Group by 89.9% during the 1st quarter. TD Private Client Wealth LLC now owns 1,796 shares of the transportation company's stock worth $67,000 after purchasing an additional 850 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its stake in Hub Group by 286.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,541 shares of the transportation company's stock valued at $68,000 after purchasing an additional 1,142 shares during the period. 46.77% of the stock is owned by institutional investors and hedge funds.
Hub Group Company Profile
(
Get Free Report)
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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