Raymond James Financial Upgrades Hub Group (NASDAQ:HUBG) to "Outperform"

Key Points

• Raymond James Financial has upgraded Hub Group's stock rating from "market perform" to "outperform", with a price target of $40.00, indicating a potential upside of 15.04%.
• Other analysts have mixed views, with Susquehanna lowering its target to $42.00 while UBS Group raised its target to $38.00, reflecting majority support for a "Moderate Buy" rating overall.
• Hub Group's recent quarterly earnings showed a net margin of 2.65% and an earnings per share of $0.45, surpassing estimates, although revenue declined by 8.2% year-over-year.

Hub Group (NASDAQ:HUBG - Get Free Report) was upgraded by analysts at Raymond James Financial from a "market perform" rating to an "outperform" rating in a research note issued on Tuesday, Marketbeat.com reports. The firm currently has a $40.00 target price on the transportation company's stock. Raymond James Financial's price target points to a potential upside of 15.04% from the company's current price.

Several other equities research analysts have also weighed in on the company. Susquehanna reduced their target price on Hub Group from $47.00 to $42.00 and set a "positive" rating for the company in a report on Wednesday, September 24th. UBS Group reaffirmed a "neutral" rating and issued a $38.00 target price (up previously from $36.00) on shares of Hub Group in a report on Friday. Baird R W raised Hub Group to a "strong-buy" rating in a report on Tuesday, July 1st. Barclays lowered their target price on Hub Group from $40.00 to $38.00 and set an "equal weight" rating on the stock in a report on Thursday, October 2nd. Finally, Benchmark reaffirmed a "buy" rating and issued a $40.00 target price on shares of Hub Group in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Hub Group presently has a consensus rating of "Moderate Buy" and a consensus price target of $39.64.

Hub Group Stock Up 3.3%

Shares of Hub Group stock opened at $34.77 on Tuesday. The firm has a market capitalization of $2.13 billion, a PE ratio of 21.07, a price-to-earnings-growth ratio of 1.15 and a beta of 1.12. Hub Group has a 12-month low of $30.75 and a 12-month high of $53.21. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.08. The stock's fifty day moving average is $35.76 and its 200-day moving average is $34.61.

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

Hedge Funds Weigh In On Hub Group

Several institutional investors have recently bought and sold shares of HUBG. Farther Finance Advisors LLC raised its position in Hub Group by 440.3% in the 1st 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 last quarter. Blue Trust Inc. increased its holdings 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 acquiring an additional 714 shares in the last quarter. Illumine Investment Management LLC boosted its position in shares of Hub Group by 7.2% during the first quarter. Illumine Investment Management LLC now owns 15,142 shares of the transportation company's stock worth $563,000 after buying an additional 1,016 shares during the period. Oppenheimer Asset Management Inc. boosted its position in shares of Hub Group by 19.0% during the first quarter. Oppenheimer Asset Management Inc. now owns 7,868 shares of the transportation company's stock worth $292,000 after buying an additional 1,258 shares during the period. Finally, Highland Capital Management LLC boosted its position in shares of Hub Group by 25.1% during the first quarter. Highland Capital Management LLC now owns 6,786 shares of the transportation company's stock worth $252,000 after buying an additional 1,362 shares during the period. 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.