Hub Group Stock Rating Lowered by Macquarie (HUBG)
Hub Group (NASDAQ:HUBG) was downgraded by equities researchers at Macquarie from an “outperform” rating to a “neutral” rating in a research report issued on Thursday, TheFlyOnTheWall.com reports. They currently have a $37.50 target price on the stock, down from their previous target price of $41.00. Macquarie’s target price would indicate a potential upside of 0.51% from the stock’s previous close.
Separately, analysts at BMO Capital Markets initiated coverage on shares of Hub Group in a research note to investors on Tuesday, October 1st. They set a “market perform” rating and a $42.00 price target on the stock. One research analyst has rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $39.44.
Shares of Hub Group (NASDAQ:HUBG) traded down 5.36% on Thursday, hitting $35.31. The stock had a trading volume of 688,768 shares. Hub Group has a 52-week low of $28.27 and a 52-week high of $41.18. The stock’s 50-day moving average is $38.46 and its 200-day moving average is $37.64. The company has a market cap of $1.329 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 for the quarter, beating the analysts’ 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 last year, the company posted $0.46 earnings per share. Hub Group’s revenue was up 7.5% compared to the same quarter last year. On average, analysts predict that Hub Group will post $2.02 earnings per share 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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