Hub Group (NASDAQ:HUBG) Receives "Buy" Rating from Benchmark

Hub Group (NASDAQ:HUBG - Get Free Report)'s stock had its "buy" rating reaffirmed by analysts at Benchmark in a research note issued to investors on Friday, Benzinga reports. They currently have a $49.00 price target on the transportation company's stock. Benchmark's price objective would indicate a potential upside of 22.71% from the stock's previous close.

Several other analysts have also issued reports on the stock. TD Cowen boosted their price objective on shares of Hub Group from $52.00 to $54.00 and gave the company an "outperform" rating in a report on Friday, February 2nd. Stephens lowered their price objective on Hub Group from $44.00 to $42.00 and set an "equal weight" rating for the company in a research report on Friday. StockNews.com raised Hub Group from a "sell" rating to a "hold" rating in a research report on Friday, March 1st. Wells Fargo & Company boosted their price objective on Hub Group from $45.00 to $50.00 and gave the stock an "overweight" rating in a research report on Friday, February 2nd. Finally, Stifel Nicolaus boosted their price objective on Hub Group from $49.50 to $52.00 and gave the stock a "buy" rating in a research report on Wednesday, January 10th. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Hub Group presently has a consensus rating of "Hold" and an average target price of $46.54.

Hub Group Stock Down 0.6 %

Shares of HUBG stock traded down $0.26 during mid-day trading on Friday, hitting $39.93. 569,414 shares of the stock traded hands, compared to its average volume of 494,715. The stock has a market cap of $2.51 billion, a P/E ratio of 15.33 and a beta of 0.89. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.29 and a quick ratio of 1.29. The stock's fifty day moving average is $41.88 and its two-hundred day moving average is $41.59. Hub Group has a 52-week low of $31.73 and a 52-week high of $47.58.

Hub Group (NASDAQ:HUBG - Get Free Report) last announced its quarterly earnings data on Thursday, April 25th. The transportation company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.40 by $0.04. Hub Group had a net margin of 3.99% and a return on equity of 10.56%. The firm had revenue of $1,000.00 million during the quarter, compared to analyst estimates of $1.05 billion. During the same period last year, the firm posted $0.94 EPS. Hub Group's revenue was down 16.7% on a year-over-year basis. Equities analysts predict that Hub Group will post 2.19 EPS for the current year.

Institutional Trading of Hub Group

Hedge funds have recently added to or reduced their stakes in the business. Anchor Investment Management LLC acquired a new stake in Hub Group in the 4th quarter worth about $37,000. Adirondack Trust Co. acquired a new position in Hub Group during the 3rd quarter worth approximately $39,000. Exchange Traded Concepts LLC lifted its position in Hub Group by 60.3% during the 3rd quarter. Exchange Traded Concepts LLC now owns 795 shares of the transportation company's stock worth $62,000 after acquiring an additional 299 shares in the last quarter. Headlands Technologies LLC purchased a new stake in Hub Group during the 3rd quarter worth approximately $63,000. Finally, Parkside Financial Bank & Trust increased its holdings in Hub Group by 20.3% during the 3rd quarter. Parkside Financial Bank & Trust now owns 861 shares of the transportation company's stock worth $68,000 after purchasing an additional 145 shares during the last quarter. 46.77% of the stock is owned by institutional investors and hedge funds.

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.