Hub Group Price Target Cut to $39.00 by Analysts at BMO Capital Markets (HUBG)
Research analysts at BMO Capital Markets dropped their price objective on shares of Hub Group (NASDAQ:HUBG) from $42.00 to $39.00 in a report released on Thursday, AmericanBankingNews.com reports. The firm currently has a “market perform” rating on the stock. BMO Capital Markets’ price objective would indicate a potential upside of 11.27% from the company’s current price.
Separately, analysts at Macquarie downgraded shares of Hub Group from an “outperform” rating to a “neutral” rating in a research note to investors on Thursday. They now have a $37.50 price target on the stock, down previously from $41.00. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $39.11.
Shares of Hub Group (NASDAQ:HUBG) traded down 6.06% on Thursday, hitting $35.05. 1,279,636 shares of the company’s stock traded hands. Hub Group has a 52 week low of $28.27 and a 52 week high of $41.18. The stock has a 50-day moving average of $38.46 and a 200-day moving average of $37.64. The company has a market cap of $1.319 billion and a price-to-earnings ratio of 19.33.
Hub Group (NASDAQ:HUBG) last issued its quarterly earnings data on Thursday, July 18th. The company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.01. The company had revenue of $836.70 million for the quarter, compared to the consensus estimate of $827.03 million. During the same quarter in the previous year, the company posted $0.46 earnings per share. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. Analysts expect that Hub Group will post $2.01 EPS for the current fiscal year.
Hub Group, Inc is an asset-light freight transportation management companies. The Company offers intermodal, truck brokerage and logistics services.
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