Hub Group - HUBG Stock Forecast, Price & News

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. Its logistics services comprise full outsource logistics solution, transportation management, freight consolidation, warehousing and fulfillment, final mile delivery, and parcel and international services. The company also provides dry van, expedited, less-than-truckload, refrigerated, and flatbed truck brokerage services. It offers a fleet of approximately 1,000 tractors and 4,600 trailers to its customers, as well as the driver staffing, management, and infrastructure. The company serves a range of industries, including retail, consumer products, and durable goods. As of December 31, 2021, it owned approximately 43,750 dry, 53-foot containers, as well as 450 refrigerated, 53-foot containers; and leased approximately 250 dry, 53-foot containers. The company was founded in 1971 and is headquartered in Oak Brook, Illinois.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on HUBG. Barclays cut their price objective on Hub Group from $90.00 to $82.00 and set an "equal weight" rating on the stock in a research report on Tuesday, July 12th. Cowen boosted their price objective on shares of Hub Group from $109.00 to $119.00 in a research report on Thursday, August 4th. Morgan Stanley dropped their target price on shares of Hub Group from $86.00 to $85.00 and set an "equal weight" rating for the company in a research report on Friday, July 8th. Stephens lifted their target price on shares of Hub Group from $80.00 to $83.00 in a research note on Thursday, August 4th. Finally, Robert W. Baird increased their price target on shares of Hub Group from $85.00 to $92.00 in a research note on Friday, April 29th. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, Hub Group presently has a consensus rating of "Moderate Buy" and an average price target of $97.00.

Hub Group Price Performance

Shares of NASDAQ:HUBG opened at $85.84 on Friday. The business has a fifty day moving average price of $73.43 and a 200-day moving average price of $74.21. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.56 and a quick ratio of 1.42. The company has a market capitalization of $2.98 billion, a PE ratio of 9.16 and a beta of 0.91. Hub Group has a 1-year low of $60.81 and a 1-year high of $87.21.

Insiders Place Their Bets

In other news, CEO David P. Yeager purchased 141,561 shares of the business's stock in a transaction dated Tuesday, August 9th. The shares were purchased at an average price of $104.99 per share, for a total transaction of $14,862,489.39. Following the completion of the acquisition, the chief executive officer now directly owns 141,561 shares in the company, valued at approximately $14,862,489.39. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Hub Group news, CEO David P. Yeager purchased 141,561 shares of the firm's stock in a transaction dated Tuesday, August 9th. The stock was purchased at an average price of $104.99 per share, for a total transaction of $14,862,489.39. Following the completion of the purchase, the chief executive officer now directly owns 141,561 shares of the company's stock, valued at $14,862,489.39. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Phillip D. Yeager purchased 28,339 shares of the stock in a transaction dated Tuesday, August 9th. The shares were acquired at an average cost of $104.99 per share, for a total transaction of $2,975,311.61. Following the completion of the acquisition, the chief operating officer now owns 28,339 shares of the company's stock, valued at $2,975,311.61. The disclosure for this purchase can be found here. Corporate insiders own 3.83% of the company's stock.