Hub Group (NASDAQ:HUBG) Price Target Raised to $47.00 at Susquehanna

Key Points

• Susquehanna analysts have increased their target price for Hub Group stock from $46.00 to $47.00, indicating a potential upside of 30.76% from its current price.
• Hub Group recently reported $0.45 EPS for the quarter, slightly beating analyst expectations of $0.44, though its quarterly revenue decreased by 8.2% compared to the previous year.
• Research indicates a mixed outlook on Hub Group's stock, with recommendations ranging from "hold" to "strong buy," resulting in a consensus rating of "Moderate Buy" with a target price averaging $42.11.

Hub Group (NASDAQ:HUBG - Free Report) had its price objective boosted by Susquehanna from $46.00 to $47.00 in a research report report published on Friday,Benzinga reports. They currently have a positive rating on the transportation company's stock.

A number of other research firms have also weighed in on HUBG. Baird R W raised Hub Group to a "strong-buy" rating in a research note on Tuesday, July 1st. Robert W. Baird assumed coverage on Hub Group in a research report on Tuesday, July 1st. They issued an "outperform" rating and a $44.00 target price on the stock. TD Cowen decreased their price objective on Hub Group from $40.00 to $36.00 and set a "hold" rating on the stock in a report on Friday, May 9th. Benchmark lowered their price objective 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, Barclays decreased their target price on shares of Hub Group from $45.00 to $40.00 and set an "equal weight" rating on the stock in a research report on Monday, May 12th. Four research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $40.35.

Hub Group Stock Performance

Shares of HUBG stock traded up $0.66 on Friday, reaching $34.97. The stock had a trading volume of 280,197 shares, compared to its average volume of 593,386. The stock has a market cap of $2.14 billion, a P/E ratio of 21.19, a price-to-earnings-growth ratio of 1.11 and a beta of 1.12. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.36 and a current ratio of 1.42. The company has a 50 day simple moving average of $34.33 and a 200 day simple moving average of $36.52. Hub Group has a 1 year low of $30.75 and a 1 year high of $53.21.

Hub Group (NASDAQ:HUBG - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The transportation company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.01. The business had revenue of $905.65 million for the quarter, compared to the consensus estimate of $913.53 million. Hub Group had a net margin of 2.65% and a return on equity of 6.81%. The company's quarterly revenue was down 8.2% on a year-over-year basis. During the same period last year, the firm earned $0.47 earnings per share. Equities research analysts expect that Hub Group will post 2.2 EPS for the current year.

Hub Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 23rd were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Monday, June 23rd. Hub Group's payout ratio is presently 30.30%.

Institutional Investors Weigh In On Hub Group

Several large investors have recently modified their holdings of the business. Summit Investment Advisors Inc. grew its holdings in shares of Hub Group by 4.8% during the fourth quarter. Summit Investment Advisors Inc. now owns 6,268 shares of the transportation company's stock valued at $279,000 after buying an additional 287 shares during the last quarter. 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 valued at $42,000 after acquiring an additional 310 shares during the period. Synovus Financial Corp boosted its position in shares of Hub Group by 1.5% during the 4th quarter. Synovus Financial Corp now owns 22,618 shares of the transportation company's stock valued at $1,008,000 after acquiring an additional 344 shares during the last quarter. Vident Advisory LLC raised its stake in Hub Group by 3.3% during the first quarter. Vident Advisory LLC now owns 13,239 shares of the transportation company's stock worth $492,000 after purchasing an additional 427 shares during the period. Finally, Baird Financial Group Inc. raised its position in shares of Hub Group by 0.6% during the 1st quarter. Baird Financial Group Inc. now owns 89,989 shares of the transportation company's stock valued at $3,345,000 after buying an additional 494 shares during the period. Institutional investors 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.