Hub Group Inc. Sets New 1-Year High at $41.91 (HUBG)
Hub Group (NASDAQ:HUBG) set a new 52-week high during mid-day trading on Friday, StockRatingsNetwork reports. The stock traded as high as $41.91 and last traded at $41.80, with a volume of 219,959 shares. The stock had previously closed at $40.77.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Hub Group from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, December 10th. They now have a $39.10 price target on the stock. Separately, analysts at Wells Fargo & Co. upgraded shares of Hub Group from an “underperform” rating to a “market perform” rating in a research note to investors on Thursday, December 5th. Finally, analysts at BMO Capital Markets cut their price target on shares of Hub Group from $39.00 to $38.00 in a research note to investors on Friday, October 18th. They now have a “market perform” rating on the stock. Ten equities research analysts have rated the stock with a hold rating, Hub Group has a consensus rating of “Hold” and an average target price of $39.39.
Hub Group has a one year low of $33.10 and a one year high of $41.18. The stock has a 50-day moving average of $38.43 and a 200-day moving average of $37.75. The company has a market cap of $1.591 billion and a P/E ratio of 21.12.
Hub Group (NASDAQ:HUBG) last posted its quarterly earnings results on Thursday, October 17th. The company reported $0.50 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.49 by $0.01. The company had revenue of $883.00 million for the quarter, compared to the consensus estimate of $862.15 million. During the same quarter in the prior year, the company posted $0.50 earnings per share. The company’s quarterly revenue was up 9.7% on a year-over-year basis. On average, analysts predict that Hub Group will post $1.91 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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