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Hub Group (NASDAQ:HUBG) was upgraded by analysts at Raymond James from a “market perform” rating to a “strong-buy” rating in a research report issued to clients and investors on Friday, TheFlyOnTheWall.com reports. The firm currently has a $50.00 price objective on the stock. Raymond James’ target price would suggest a potential upside of 24.07% from the stock’s previous close.

Shares of Hub Group (NASDAQ:HUBG) traded up 1.74% on Friday, hitting $41.00. 117,034 shares of the company’s stock traded hands. Hub Group has a 52 week low of $34.50 and a 52 week high of $43.09. The stock’s 50-day moving average is $40.30 and its 200-day moving average is $39.01. The company has a market cap of $1.536 billion and a price-to-earnings ratio of 21.55. Hub Group also was the recipient of a large decline in short interest in January. As of March 31st, there was short interest totalling 1,494,021 shares, a decline of 22.2% from the March 14th total of 1,919,753 shares. Currently, 4.3% of the company’s stock are sold short. Based on an average daily volume of 247,306 shares, the short-interest ratio is currently 6.0 days.

Hub Group (NASDAQ:HUBG) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $0.50 EPS for the quarter, beating the Thomson Reuters 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. On average, analysts predict that Hub Group will post $2.04 earnings per share for the current fiscal year.

A number of other firms have also recently commented on HUBG. Analysts at Robert W. Baird raised their price target on shares of Hub Group from $45.00 to $48.00 in a research note on Wednesday. Separately, analysts at BB&T Corp. upgraded shares of Hub Group from a “hold” rating to a “buy” rating in a research note on Tuesday. They now have a $50.00 price target on the stock. They noted that the move was a valuation call. Finally, analysts at Wolfe Research upgraded shares of Hub Group from a “market perform” rating to an “outperform” rating in a research note on Monday, March 10th. Seven investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. Hub Group presently has an average rating of “Hold” and an average target price of $43.40.

Hub Group, Inc is an asset-light freight transportation management companies. The Company offers intermodal, truck brokerage and logistics services.

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