Stifel Nicolaus Lowers Hub Group (NASDAQ:HUBG) Price Target to $45.00

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 - Free Report) had its target price decreased by Stifel Nicolaus from $46.00 to $45.00 in a research report sent to investors on Friday morning,Benzinga reports. Stifel Nicolaus currently has a buy rating on the transportation company's stock.

A number of other brokerages have also recently issued reports on HUBG. Robert W. Baird initiated coverage on Hub Group in a research note on Tuesday, July 1st. They set an "outperform" rating and a $44.00 price objective on the stock. Barclays decreased their target price 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. JPMorgan Chase & Co. decreased their target price on Hub Group from $39.00 to $36.00 and set a "neutral" rating on the stock in a report on Tuesday, July 8th. 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 report on Wednesday, July 23rd. Finally, Susquehanna boosted their target price on Hub Group from $46.00 to $47.00 and gave the stock a "positive" rating in a report on Friday. Four research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $40.35.

Hub Group Stock Up 1.0%

Shares of NASDAQ:HUBG traded up $0.34 during trading on Friday, hitting $34.65. 71,171 shares of the company's stock traded hands, compared to its average volume of 592,349. Hub Group has a 52 week low of $30.75 and a 52 week high of $53.21. 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 company has a market cap of $2.12 billion, a price-to-earnings ratio of 20.95, a price-to-earnings-growth ratio of 1.11 and a beta of 1.12. The company has a 50-day moving average price of $34.33 and a 200-day moving average price of $36.52.

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

Hub Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 23rd were paid a $0.125 dividend. The ex-dividend date of this dividend was Monday, June 23rd. This represents a $0.50 annualized dividend and a dividend yield of 1.4%. Hub Group's dividend payout ratio is presently 30.30%.

Institutional Investors Weigh In On Hub Group

Several institutional investors and hedge funds have recently made changes to their positions in HUBG. Farther Finance Advisors LLC grew its stake in Hub Group by 440.3% during the first quarter. Farther Finance Advisors LLC now owns 859 shares of the transportation company's stock worth $32,000 after purchasing an additional 700 shares during the period. Nomura Asset Management Co. Ltd. grew its stake in Hub Group by 48.4% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 950 shares of the transportation company's stock worth $42,000 after purchasing an additional 310 shares during the period. GAMMA Investing LLC grew its stake in Hub Group by 161.9% during the second quarter. GAMMA Investing LLC now owns 1,375 shares of the transportation company's stock worth $46,000 after purchasing an additional 850 shares during the period. Caitong International Asset Management Co. Ltd grew its stake in Hub Group by 139,500.0% during the first quarter. Caitong International Asset Management Co. Ltd now owns 1,396 shares of the transportation company's stock worth $52,000 after purchasing an additional 1,395 shares during the period. Finally, TD Private Client Wealth LLC grew its stake in Hub Group by 89.9% during the first quarter. TD Private Client Wealth LLC now owns 1,796 shares of the transportation company's stock worth $67,000 after purchasing an additional 850 shares during the period. Institutional investors and hedge funds 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.