JPMorgan Chase & Co. Issues Pessimistic Forecast for Hub Group (NASDAQ:HUBG) Stock Price

Key Points

• JPMorgan Chase & Co. has lowered its price target for Hub Group's stock from $43.00 to $41.00, maintaining a "neutral" rating, which implies a potential upside of 13.44% from the previous close.
• Hub Group has received mixed ratings from analysts, with Zacks downgrading the stock to a "strong sell," while Barclays set a lower price objective of $38.00 but maintained an "equal weight" rating.
• The company reported a net margin of 2.65% and quarterly revenue decreased by 8.2% year-over-year, leading to a focus on their FY 2025 guidance of 1.800-2.050 EPS.

Hub Group (NASDAQ:HUBG - Get Free Report) had its price target lowered by equities research analysts at JPMorgan Chase & Co. from $43.00 to $41.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a "neutral" rating on the transportation company's stock. JPMorgan Chase & Co.'s price objective suggests a potential upside of 13.44% from the company's previous close.

A number of other research firms have also recently commented on HUBG. Zacks Research cut shares of Hub Group from a "hold" rating to a "strong sell" rating in a report on Monday. Susquehanna dropped their price objective on shares of Hub Group from $47.00 to $42.00 and set a "positive" rating for the company in a report on Wednesday, September 24th. Weiss Ratings upgraded shares of Hub Group from a "sell (d+)" rating to a "hold (c-)" rating in a report on Wednesday. Barclays dropped their price objective on shares of Hub Group from $40.00 to $38.00 and set an "equal weight" rating for the company in a report on Thursday, October 2nd. Finally, Benchmark reissued a "buy" rating and set a $40.00 target price on shares of Hub Group in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Hub Group presently has an average rating of "Moderate Buy" and a consensus target price of $39.78.

Hub Group Stock Performance

NASDAQ HUBG traded up $1.87 on Wednesday, hitting $36.14. 589,937 shares of the stock were exchanged, compared to its average volume of 596,844. Hub Group has a 52 week low of $30.75 and a 52 week high of $53.21. The company has a market capitalization of $2.21 billion, a PE ratio of 21.90, a P/E/G ratio of 1.19 and a beta of 1.12. The business's fifty day moving average is $35.76 and its 200 day moving average is $34.73. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.42 and a quick ratio of 1.42.

Hub Group (NASDAQ:HUBG - Get Free Report) last released its quarterly earnings data 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 2.65% and a return on equity of 6.81%. The firm had revenue of $905.65 million for the quarter, compared to the consensus estimate of $913.53 million. During the same period in the previous year, the company earned $0.47 earnings per share. The company'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. Research analysts anticipate that Hub Group will post 2.2 EPS for the current fiscal year.

Institutional Trading of Hub Group

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

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