Robert W. Baird Issues Pessimistic Forecast for Hub Group (NASDAQ:HUBG) Stock Price

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 target price lowered by analysts at Robert W. Baird from $44.00 to $42.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has an "outperform" rating on the transportation company's stock. Robert W. Baird's price target would suggest a potential upside of 21.46% from the stock's current price.

A number of other brokerages also recently weighed in on HUBG. Baird R W upgraded Hub Group to a "strong-buy" rating in a report on Tuesday, July 1st. TD Cowen lowered their price objective on shares of Hub Group from $40.00 to $36.00 and set a "hold" rating on the stock in a report on Friday, May 9th. Benchmark lowered their price objective on Hub Group from $40.00 to $33.13 and set a "buy" rating for the company in a research note on Friday, May 9th. JPMorgan Chase & Co. dropped their price target on shares of Hub Group from $39.00 to $36.00 and set a "neutral" rating on the stock in a research report on Tuesday, July 8th. Finally, Barclays dropped their price target on Hub Group from $45.00 to $40.00 and set an "equal weight" rating on the stock in a report on Monday, May 12th. Four analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $40.35.

Hub Group Trading Down 0.3%

Shares of HUBG traded down $0.11 during mid-day trading on Monday, reaching $34.58. 409,083 shares of the company were exchanged, compared to its average volume of 590,962. The business has a 50 day simple moving average of $34.39 and a two-hundred day simple moving average of $36.43. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.36 and a current ratio of 1.42. The stock has a market capitalization of $2.12 billion, a PE ratio of 20.96, a PEG ratio of 1.18 and a beta of 1.12. Hub Group has a 52 week low of $30.75 and a 52 week high of $53.21.

Hub Group (NASDAQ:HUBG - Get Free Report) last released its earnings results on Thursday, July 31st. The transportation company reported $0.45 earnings per share for the quarter, beating analysts' consensus estimates of $0.44 by $0.01. The business had revenue of $905.65 million during the quarter, compared to the consensus estimate of $913.53 million. Hub Group had a net margin of 2.65% and a return on equity of 6.81%. The company's revenue for the quarter was down 8.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.47 EPS. On average, analysts predict that Hub Group will post 2.2 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Hub Group

Several hedge funds have recently made changes to their positions in HUBG. Capital International Investors purchased a new stake in shares of Hub Group in the fourth quarter worth about $95,105,000. Invesco Ltd. raised its position in shares of Hub Group by 4.4% in the first quarter. Invesco Ltd. now owns 1,919,026 shares of the transportation company's stock worth $71,330,000 after buying an additional 80,718 shares in the last quarter. Geode Capital Management LLC grew its position in Hub Group by 0.6% during the second quarter. Geode Capital Management LLC now owns 1,520,025 shares of the transportation company's stock worth $50,821,000 after buying an additional 9,608 shares in the last quarter. Fuller & Thaler Asset Management Inc. increased its stake in 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 worth $46,398,000 after acquiring an additional 592,443 shares during the last quarter. Finally, Balyasny Asset Management L.P. boosted its position 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 valued at $51,133,000 after acquiring an additional 499,621 shares during the last quarter. 46.77% of the stock is currently owned by hedge funds and other 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.