Hub Group PT Raised to $41.00 at RBC Capital (HUBG)
RBC Capital boosted their price target on shares of Hub Group (NASDAQ:HUBG) from $37.00 to $41.00 in a research note issued on Wednesday, Analyst Ratings News reports. The firm currently has a “sector perform” rating on the stock. RBC Capital’s price objective suggests a potential upside of 1.99% from the stock’s previous close.
Shares of Hub Group (NASDAQ:HUBG) opened at 40.20 on Wednesday. Hub Group has a one year low of $33.10 and a one year high of $43.09. The stock has a 50-day moving average of $39.98 and a 200-day moving average of $38.23. The company has a market cap of $1.513 billion and a price-to-earnings ratio of 20.88.
Hub Group (NASDAQ:HUBG) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $0.50 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.48 by $0.02. The company had revenue of $885.00 million for the quarter, compared to the consensus estimate of $874.11 million. During the same quarter in the prior year, the company posted $0.51 earnings per share. The company’s quarterly revenue was up 10.5% on a year-over-year basis. Analysts expect that Hub Group will post $1.91 EPS for the current fiscal year.
A number of other firms have also recently commented on HUBG. 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. 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. Ten analysts have rated the stock with a hold rating, The stock currently has an average rating of “Hold” and a consensus target price of $39.89.
Hub Group, Inc is an asset-light freight transportation management companies. The Company offers intermodal, truck brokerage and logistics services.
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