Hub Group (NASDAQ:HUBG) Price Target Lowered to $42.00 at Susquehanna

Key Points

• Susquehanna has reduced the price target for Hub Group from $47.00 to $42.00, maintaining a "positive" rating, which suggests a potential upside of 20.83% from the current stock price.
• Other analysts have lowered their target prices, with Stifel Nicolaus adjusting from $46.00 to $45.00, while JPMorgan and Robert W. Baird have set targets of $36.00 and $42.00 respectively.
• Hub Group reported a net margin of 2.65% and a year-over-year revenue decline of 8.2%, with earnings of $0.45 per share exceeding expectations of $0.44.

Hub Group (NASDAQ:HUBG - Get Free Report) had its target price cut by Susquehanna from $47.00 to $42.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a "positive" rating on the transportation company's stock. Susquehanna's price objective indicates a potential upside of 20.83% from the stock's previous close.

Other analysts have also issued reports about the stock. Stifel Nicolaus lowered their target price on shares of Hub Group from $46.00 to $45.00 and set a "buy" rating for the company in a research note on Friday, August 1st. JPMorgan Chase & Co. lowered their target price on shares of Hub Group from $39.00 to $36.00 and set a "neutral" rating for the company in a research note on Tuesday, July 8th. Robert W. Baird decreased their price objective on Hub Group from $44.00 to $42.00 and set an "outperform" rating for the company in a report on Monday, August 4th. Baird R W upgraded Hub Group to a "strong-buy" rating in a report on Tuesday, July 1st. Finally, Deutsche Bank Aktiengesellschaft upgraded Hub Group from a "hold" rating to a "buy" rating and set a $41.00 price objective for the company in a report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $39.79.

Hub Group Trading Down 2.7%

NASDAQ HUBG traded down $0.97 on Wednesday, hitting $34.76. 87,180 shares of the stock were exchanged, compared to its average volume of 594,048. The firm has a market capitalization of $2.13 billion, a P/E ratio of 21.13, a P/E/G ratio of 1.18 and a beta of 1.15. Hub Group has a 52-week low of $30.75 and a 52-week high of $53.21. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.42 and a current ratio of 1.42. The stock has a fifty day moving average price of $35.91 and a two-hundred day moving average price of $34.94.

Hub Group (NASDAQ:HUBG - Get Free Report) last issued its earnings results on Thursday, July 31st. The transportation company reported $0.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.44 by $0.01. The firm had revenue of $905.65 million during the quarter, compared to analyst estimates of $913.53 million. Hub Group had a net margin of 2.65% and a return on equity of 6.81%. The business's revenue was down 8.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.47 earnings per share. Hub Group has set its FY 2025 guidance at 1.800-2.050 EPS. Research analysts forecast that Hub Group will post 2.2 EPS for the current fiscal year.

Hedge Funds Weigh In On Hub Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. Smartleaf Asset Management LLC boosted its position in Hub Group by 33.4% in the 2nd quarter. Smartleaf Asset Management LLC now owns 1,282 shares of the transportation company's stock worth $44,000 after purchasing an additional 321 shares in the last quarter. Baird Financial Group Inc. boosted its position in Hub Group by 0.4% in the 2nd quarter. Baird Financial Group Inc. now owns 90,318 shares of the transportation company's stock worth $3,019,000 after purchasing an additional 329 shares in the last quarter. New York State Common Retirement Fund boosted its position in Hub Group by 2.1% in the 2nd quarter. New York State Common Retirement Fund now owns 19,327 shares of the transportation company's stock worth $646,000 after purchasing an additional 397 shares in the last quarter. Vident Advisory LLC lifted its position in shares of Hub Group by 3.3% during the 1st quarter. Vident Advisory LLC now owns 13,239 shares of the transportation company's stock valued at $492,000 after buying an additional 427 shares in the last quarter. Finally, California State Teachers Retirement System lifted its position in shares of Hub Group by 0.8% during the 2nd quarter. California State Teachers Retirement System now owns 56,812 shares of the transportation company's stock valued at $1,899,000 after buying an additional 437 shares in the last quarter. 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.

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