Hub Group (NASDAQ:HUBG) Given New $36.00 Price Target at JPMorgan Chase & Co.

Hub Group (NASDAQ:HUBG - Get Free Report) had its target price decreased by JPMorgan Chase & Co. from $39.00 to $36.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has a "neutral" rating on the transportation company's stock. JPMorgan Chase & Co.'s price target suggests a potential upside of 0.98% from the company's current price.

Several other research firms have also commented on HUBG. Barclays reduced 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 report on Monday, May 12th. Susquehanna reaffirmed a "positive" rating and set a $46.00 price objective (up from $45.00) on shares of Hub Group in a research note on Tuesday, June 24th. Robert W. Baird began coverage on Hub Group in a report on Tuesday, July 1st. They issued an "outperform" rating and a $44.00 price objective on the stock. Benchmark dropped their target price on Hub Group from $40.00 to $33.13 and set a "buy" rating for the company in a report on Friday, May 9th. Finally, Baird R W raised Hub Group to a "strong-buy" rating in a research note on Tuesday, July 1st. Six research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $42.01.

Hub Group Price Performance

NASDAQ:HUBG traded down $0.98 during midday trading on Tuesday, hitting $35.65. The company had a trading volume of 467,306 shares, compared to its average volume of 552,559. The company has a market capitalization of $2.18 billion, a PE ratio of 20.97, a P/E/G ratio of 1.73 and a beta of 1.13. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.09. Hub Group has a 52-week low of $30.75 and a 52-week high of $53.21. The stock's fifty day moving average price is $34.09 and its 200-day moving average price is $37.69.

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. The firm had revenue of $915.22 million during the quarter, compared to analyst estimates of $973.86 million. Hub Group had a return on equity of 7.01% and a net margin of 2.69%. The company's revenue was down 8.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.44 earnings per share. As a group, research analysts expect that Hub Group will post 2.2 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC boosted 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 in the last quarter. Nomura Asset Management Co. Ltd. boosted its position in shares of Hub Group by 48.4% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 950 shares of the transportation company's stock valued at $42,000 after purchasing an additional 310 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its stake 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 purchasing an additional 1,395 shares during the period. 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 purchasing an additional 850 shares in the last quarter. Finally, Quarry LP increased its stake in shares of Hub Group by 4,500.0% in the 1st quarter. Quarry LP now owns 1,932 shares of the transportation company's stock worth $72,000 after acquiring an additional 1,890 shares in the last quarter. 46.77% of the stock is currently owned by institutional investors.

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.