Robert W. Baird Cuts Hub Group (NASDAQ:HUBG) Price Target to $42.00

Key Points

• Robert W. Baird has lowered the price target for Hub Group (NASDAQ:HUBG) from $44.00 to $42.00 while maintaining an "outperform" rating, indicating a potential upside of 25.00% from the previous close.
• Several analysts have varying views on Hub Group, with Barclays reducing its target to $40.00 and Susquehanna increasing it to $47.00, reflecting a mix of "equal weight," "buy," and "positive" ratings.
• Hub Group reported earnings of $0.45 per share for the last quarter, surpassing estimates, but revenue fell 8.2% year-over-year, indicating challenges despite slight earnings growth.

Hub Group (NASDAQ:HUBG - Get Free Report) had its price target cut by equities researchers at Robert W. Baird from $44.00 to $42.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has an "outperform" rating on the transportation company's stock. Robert W. Baird's target price would suggest a potential upside of 25.00% from the company's previous close.

Several other equities research analysts have also recently commented on the stock. Barclays dropped their price target on shares of Hub Group from $45.00 to $40.00 and set an "equal weight" rating on the stock in a research report on Monday, May 12th. Susquehanna raised their price objective on Hub Group from $46.00 to $47.00 and gave the stock a "positive" rating in a research note on Friday. Deutsche Bank Aktiengesellschaft raised Hub Group from a "hold" rating to a "buy" rating and set a $41.00 target price on the stock in a research report on Wednesday, July 23rd. Baird R W upgraded Hub Group to a "strong-buy" rating in a research report on Tuesday, July 1st. Finally, Stifel Nicolaus cut their price objective on Hub Group from $46.00 to $45.00 and set a "buy" rating on the stock in a report on Friday. Four investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Hub Group presently has an average rating of "Moderate Buy" and a consensus target price of $40.35.

Hub Group Trading Down 4.1%

Shares of NASDAQ:HUBG opened at $33.60 on Monday. The company has a 50 day moving average of $34.31 and a 200-day moving average of $36.59. The company has a current ratio of 1.42, a quick ratio of 1.36 and a debt-to-equity ratio of 0.08. The firm has a market cap of $2.06 billion, a P/E ratio of 20.36, a P/E/G ratio of 1.11 and a beta of 1.12. Hub Group has a twelve month low of $30.75 and a twelve month high of $53.21.

Hub Group (NASDAQ:HUBG - Get Free Report) last announced its earnings results on Thursday, July 31st. The transportation company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.44 by $0.01. Hub Group had a return on equity of 6.81% and a net margin of 2.65%. The firm had revenue of $905.65 million for the quarter, compared to analysts' expectations of $913.53 million. During the same quarter in the previous year, the company earned $0.47 earnings per share. The firm's quarterly revenue was down 8.2% compared to the same quarter last year. As a group, analysts anticipate that Hub Group will post 2.2 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Hub Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Capital International Investors acquired a new position in shares of Hub Group in the fourth quarter worth $95,105,000. Invesco Ltd. lifted its holdings in shares of Hub Group by 4.4% during the 1st quarter. Invesco Ltd. now owns 1,919,026 shares of the transportation company's stock valued at $71,330,000 after buying an additional 80,718 shares during the last quarter. Fuller & Thaler Asset Management Inc. grew its stake in shares of Hub Group by 90.3% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 1,248,265 shares of the transportation company's stock valued at $46,398,000 after buying an additional 592,443 shares in the last quarter. Balyasny Asset Management L.P. increased its stake in shares of Hub Group by 77.1% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,147,499 shares of the transportation company's stock worth $51,133,000 after purchasing an additional 499,621 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. raised its holdings in shares of Hub Group by 6.3% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 935,026 shares of the transportation company's stock valued at $34,755,000 after purchasing an additional 55,206 shares in the last quarter. Hedge funds and other 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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