Hub Group (NASDAQ:HUBG) Stock Price Expected to Rise, Susquehanna Analyst Says

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 - Get Free Report) had its target price hoisted by equities research analysts at Susquehanna from $46.00 to $47.00 in a research note issued on Friday,Benzinga reports. The firm presently has a "positive" rating on the transportation company's stock. Susquehanna's target price would suggest a potential upside of 30.76% from the stock's current price.

Several other research firms have also commented on HUBG. Deutsche Bank Aktiengesellschaft raised shares of Hub Group from a "hold" rating to a "buy" rating and set a $41.00 target price on the stock in a report on Wednesday, July 23rd. TD Cowen cut their price target on shares of Hub Group from $40.00 to $36.00 and set a "hold" rating on the stock in a report on Friday, May 9th. Benchmark cut their price target on shares of Hub Group from $40.00 to $33.13 and set a "buy" rating on the stock in a report on Friday, May 9th. Robert W. Baird assumed coverage on shares of Hub Group in a report on Tuesday, July 1st. They issued an "outperform" rating and a $44.00 price target on the stock. Finally, Barclays cut their price target on shares of Hub Group from $45.00 to $40.00 and set an "equal weight" rating on the stock in a report on Monday, May 12th. Five research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Hub Group has a consensus rating of "Moderate Buy" and a consensus target price of $42.11.

Hub Group Price Performance

HUBG stock opened at $35.95 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.36 and a current ratio of 1.36. Hub Group has a 52 week low of $30.75 and a 52 week high of $53.21. The firm's fifty day moving average is $34.30 and its 200 day moving average is $36.80. The firm has a market cap of $2.20 billion, a P/E ratio of 21.77, a P/E/G ratio of 1.14 and a beta of 1.13.

Hub Group (NASDAQ:HUBG - Get Free Report) last released its earnings results on Thursday, July 31st. The transportation company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.44 by $0.01. Hub Group had a net margin of 2.69% and a return on equity of 7.01%. The company had revenue of $905.65 million for the quarter, compared to analyst estimates of $913.53 million. During the same quarter last year, the firm earned $0.47 EPS. The firm's quarterly revenue was down 8.2% compared to the same quarter last year. Research analysts predict that Hub Group will post 2.2 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Farther Finance Advisors LLC lifted its position in Hub Group by 440.3% during the 1st quarter. Farther Finance Advisors LLC now owns 859 shares of the transportation company's stock valued at $32,000 after acquiring an additional 700 shares during the period. Nomura Asset Management Co. Ltd. lifted its position 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 valued at $42,000 after acquiring an additional 310 shares during the period. GAMMA Investing LLC lifted its position in Hub Group by 161.9% during the 2nd quarter. GAMMA Investing LLC now owns 1,375 shares of the transportation company's stock valued at $46,000 after acquiring an additional 850 shares during the period. Caitong International Asset Management Co. Ltd raised its holdings in Hub Group by 139,500.0% in the first quarter. Caitong International Asset Management Co. Ltd now owns 1,396 shares of the transportation company's stock worth $52,000 after buying an additional 1,395 shares during the last quarter. Finally, TD Private Client Wealth LLC raised its holdings in Hub Group by 89.9% in the first quarter. TD Private Client Wealth LLC now owns 1,796 shares of the transportation company's stock worth $67,000 after buying an additional 850 shares during the last quarter. 46.77% of the stock is owned by hedge funds and other institutional investors.

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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