Benchmark Reaffirms "Buy" Rating for Hub Group (NASDAQ:HUBG)

Hub Group (NASDAQ:HUBG - Get Free Report)'s stock had its "buy" rating restated by analysts at Benchmark in a research note issued to investors on Wednesday, Benzinga reports. They presently have a $49.00 price objective on the transportation company's stock. Benchmark's price objective points to a potential upside of 18.50% from the company's current price.

Other equities analysts have also recently issued research reports about the stock. Wells Fargo & Company boosted their price target on shares of Hub Group from $45.00 to $50.00 and gave the company an "overweight" rating in a research report on Friday, February 2nd. Stephens decreased their target price on Hub Group from $49.00 to $44.00 and set an "equal weight" rating for the company in a research report on Thursday, April 4th. StockNews.com upgraded Hub Group from a "sell" rating to a "hold" rating in a research report on Friday, March 1st. Morgan Stanley increased their price objective on Hub Group from $43.00 to $44.00 and gave the stock an "equal weight" rating in a report on Monday, February 12th. Finally, Susquehanna lowered their price objective on Hub Group from $49.00 to $46.00 and set a "neutral" rating for the company in a research report on Monday, March 25th. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Hub Group presently has an average rating of "Hold" and an average target price of $46.63.

Hub Group Trading Down 3.5 %

Shares of NASDAQ:HUBG traded down $1.49 on Wednesday, reaching $41.35. 365,117 shares of the company traded hands, compared to its average volume of 503,897. Hub Group has a 52 week low of $31.73 and a 52 week high of $47.58. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.15. The business's 50-day simple moving average is $42.97 and its 200 day simple moving average is $41.54. The stock has a market capitalization of $2.60 billion, a P/E ratio of 15.90 and a beta of 0.89.

Hub Group (NASDAQ:HUBG - Get Free Report) last announced its quarterly earnings data on Thursday, February 1st. The transportation company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.02. Hub Group had a return on equity of 10.56% and a net margin of 3.99%. The firm had revenue of $985.60 million during the quarter, compared to the consensus estimate of $997.67 million. During the same quarter in the previous year, the company posted $2.42 earnings per share. The business's revenue was down 23.3% on a year-over-year basis. As a group, equities analysts anticipate that Hub Group will post 2.24 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in HUBG. Anchor Investment Management LLC purchased a new stake in shares of Hub Group during the fourth quarter valued at $37,000. Adirondack Trust Co. bought a new stake in shares of Hub Group in the third quarter worth approximately $39,000. Lazard Asset Management LLC bought a new stake in shares of Hub Group in the first quarter worth approximately $46,000. Versant Capital Management Inc lifted its position in Hub Group by 109.2% during the first quarter. Versant Capital Management Inc now owns 1,096 shares of the transportation company's stock valued at $47,000 after purchasing an additional 572 shares during the period. Finally, Exchange Traded Concepts LLC lifted its position in Hub Group by 60.3% during the third quarter. Exchange Traded Concepts LLC now owns 795 shares of the transportation company's stock valued at $62,000 after purchasing an additional 299 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.