Hub Group (NASDAQ:HUBG) Price Target Lowered to $44.00 at Stephens

Hub Group (NASDAQ:HUBG - Get Free Report) had its target price cut by stock analysts at Stephens from $49.00 to $44.00 in a research note issued on Thursday, Benzinga reports. The firm presently has an "equal weight" rating on the transportation company's stock. Stephens' price objective indicates a potential upside of 5.44% from the stock's current price.

Several other brokerages have also recently issued reports on HUBG. TD Cowen raised their price objective on Hub Group from $52.00 to $54.00 and gave the stock an "outperform" rating in a research note on Friday, February 2nd. Morgan Stanley raised their price objective on Hub Group from $43.00 to $44.00 and gave the stock an "equal weight" rating in a research note on Monday, February 12th. Benchmark raised their target price on Hub Group from $42.50 to $49.00 and gave the company a "buy" rating in a research note on Friday, December 22nd. JPMorgan Chase & Co. raised their target price on Hub Group from $43.50 to $46.00 and gave the company a "neutral" rating in a research note on Tuesday, January 9th. Finally, Stifel Nicolaus raised their target price on Hub Group from $49.50 to $52.00 and gave the company a "buy" rating in a research note on Wednesday, January 10th. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $46.63.

Hub Group Stock Down 0.2 %

Shares of HUBG stock traded down $0.07 during mid-day trading on Thursday, reaching $41.73. 377,803 shares of the company were exchanged, compared to its average volume of 514,128. Hub Group has a fifty-two week low of $31.73 and a fifty-two week high of $47.58. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.29 and a current ratio of 1.29. The company has a market capitalization of $2.62 billion, a P/E ratio of 16.31 and a beta of 0.89. The business's 50 day simple moving average is $43.32 and its 200 day simple moving average is $41.46.

Hub Group (NASDAQ:HUBG - Get Free Report) last released its quarterly earnings results on Thursday, February 1st. The transportation company reported $0.54 earnings per share for the quarter, topping analysts' consensus estimates of $0.52 by $0.02. Hub Group had a net margin of 3.99% and a return on equity of 10.56%. The business had revenue of $985.60 million during the quarter, compared to the consensus estimate of $997.67 million. During the same quarter last year, the company earned $2.42 earnings per share. The business's quarterly revenue was down 23.3% compared to the same quarter last year. Research analysts predict that Hub Group will post 2.26 earnings per share for the current year.

Institutional Investors Weigh In On Hub Group

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Royal Bank of Canada raised its stake in shares of Hub Group by 3.6% during the third quarter. Royal Bank of Canada now owns 3,704 shares of the transportation company's stock valued at $255,000 after purchasing an additional 127 shares in the last quarter. Captrust Financial Advisors grew its holdings in Hub Group by 3.6% during the third quarter. Captrust Financial Advisors now owns 4,010 shares of the transportation company's stock worth $277,000 after acquiring an additional 140 shares during the period. Parkside Financial Bank & Trust grew its holdings in Hub Group by 20.3% during the third quarter. Parkside Financial Bank & Trust now owns 861 shares of the transportation company's stock worth $68,000 after acquiring an additional 145 shares during the period. Ameritas Investment Partners Inc. grew its holdings in Hub Group by 6.0% during the second quarter. Ameritas Investment Partners Inc. now owns 2,713 shares of the transportation company's stock worth $218,000 after acquiring an additional 154 shares during the period. Finally, Cardinal Capital Management grew its holdings in Hub Group by 1.1% during the fourth quarter. Cardinal Capital Management now owns 16,193 shares of the transportation company's stock worth $1,489,000 after acquiring an additional 177 shares during the period. 46.77% of the stock is currently owned by 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.