Hub Group Sees Large Growth in Short Interest (HUBG)
Hub Group (NASDAQ:HUBG) was the recipient of a large growth in short interest during the month of April. As of April 30th, there was short interest totalling 1,679,189 shares, a growth of 28.6% from the April 15th total of 1,305,740 shares, AnalystRatings.Net reports. Approximately 4.8% of the shares of the company are short sold. Based on an average daily volume of 530,016 shares, the days-to-cover ratio is currently 3.2 days.
HUBG has been the subject of a number of recent research reports. Analysts at Longbow Research reiterated a “buy” rating on shares of Hub Group in a research note on Tuesday, May 13th. They now have a $52.00 price target on the stock. Separately, analysts at RBC Capital reiterated a “sector perform” rating on shares of Hub Group in a research note on Tuesday, May 13th. They now have a $41.00 price target on the stock. Finally, analysts at KeyCorp upgraded shares of Hub Group from a “hold” rating to a “buy” rating in a research note on Tuesday, May 13th. They now have a $53.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $45.62.
Hub Group (NASDAQ:HUBG) opened at 45.76 on Tuesday. Hub Group has a 52-week low of $34.50 and a 52-week high of $47.65. The stock’s 50-day moving average is $43.38 and its 200-day moving average is $40.34. The company has a market cap of $1.713 billion and a price-to-earnings ratio of 25.35.
Hub Group (NASDAQ:HUBG) last posted its quarterly earnings results on Thursday, April 17th. The company reported $0.33 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.36 by $0.03. The company had revenue of $848.40 million for the quarter, compared to the consensus estimate of $839.83 million. During the same quarter last year, the company posted $0.42 earnings per share. Hub Group’s revenue was up 10.3% compared to the same quarter last year. Analysts expect that Hub Group will post $2.03 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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