Stifel Nicolaus Issues Pessimistic Forecast for Hub Group (NASDAQ:HUBG) Stock Price

Key Points

• Stifel Nicolaus has lowered its price target for Hub Group stock from $46.00 to $45.00, maintaining a "buy" rating that indicates a potential upside of 36.32%.
• Hub Group's stock has recently traded down to $33.01, with a market capitalization of $2.02 billion and earnings reported of $0.45 per share, beating analysts' expectations by $0.01.
• Currently, Hub Group has mixed ratings from analysts with five holding, five buying, and one strong buy rating, reflecting a Moderate Buy consensus overall.

Hub Group (NASDAQ:HUBG - Get Free Report) had its price target decreased by Stifel Nicolaus from $46.00 to $45.00 in a research note issued on Friday,Benzinga reports. The firm currently has a "buy" rating on the transportation company's stock. Stifel Nicolaus' target price suggests a potential upside of 36.32% from the stock's previous close.

Other research analysts have also issued reports about the stock. Baird R W raised shares of Hub Group to a "strong-buy" rating in a report on Tuesday, July 1st. JPMorgan Chase & Co. cut their target price on shares of Hub Group from $39.00 to $36.00 and set a "neutral" rating for the company in a report on Tuesday, July 8th. TD Cowen dropped their price objective on shares of Hub Group from $40.00 to $36.00 and set a "hold" rating for the company in a research note on Friday, May 9th. Susquehanna lifted their price objective on shares of Hub Group from $46.00 to $47.00 and gave the stock a "positive" rating in a research note on Friday. Finally, Robert W. Baird started coverage on shares of Hub Group in a research note on Tuesday, July 1st. They set an "outperform" rating and a $44.00 price objective for the company. Five research 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 company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $41.31.

Hub Group Price Performance

Shares of HUBG stock traded down $2.01 on Friday, reaching $33.01. The company's stock had a trading volume of 414,659 shares, compared to its average volume of 591,049. The stock's fifty day simple moving average is $34.30 and its 200-day simple moving average is $36.80. Hub Group has a 1 year low of $30.75 and a 1 year high of $53.21. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $2.02 billion, a price-to-earnings ratio of 19.39, a price-to-earnings-growth ratio of 1.14 and a beta of 1.13.

Hub Group (NASDAQ:HUBG - Get Free Report) last posted 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. Hub Group had a net margin of 2.69% and a return on equity of 7.01%. The firm had revenue of $905.65 million during the quarter, compared to analyst estimates of $913.53 million. During the same period last year, the firm posted $0.47 earnings per share. Hub Group's revenue for the quarter was down 8.2% compared to the same quarter last year. Analysts forecast that Hub Group will post 2.2 earnings per share for the current fiscal year.

Institutional Trading of Hub Group

Several institutional investors and hedge funds have recently made changes to their positions in HUBG. Sei Investments Co. lifted its position in shares of Hub Group by 10.9% during the fourth quarter. Sei Investments Co. now owns 47,755 shares of the transportation company's stock worth $2,128,000 after purchasing an additional 4,701 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Hub Group by 64.1% during the fourth quarter. JPMorgan Chase & Co. now owns 299,634 shares of the transportation company's stock worth $13,352,000 after purchasing an additional 117,047 shares during the last quarter. Norges Bank bought a new stake in shares of Hub Group in the fourth quarter valued at about $41,487,000. Nomura Asset Management Co. Ltd. raised its holdings in shares of Hub Group by 48.4% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 950 shares of the transportation company's stock valued at $42,000 after acquiring an additional 310 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC raised its holdings in shares of Hub Group by 26.9% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 17,907 shares of the transportation company's stock valued at $798,000 after acquiring an additional 3,797 shares in the last quarter. 46.77% of the stock is currently owned by institutional investors.

Hub Group Company Profile

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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