Hub Group Given Consensus Rating of “Buy” by Brokerages (NASDAQ:HUBG)
Hub Group (NASDAQ:HUBG) has received an average recommendation of “Buy” from the twelve ratings firms that are covering the company, Stock Ratings News reports. Five investment analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $45.62.
A number of analysts have recently weighed in on HUBG shares. 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.
Shares of Hub Group (NASDAQ:HUBG) traded down 1.66% on Thursday, hitting $47.31. The stock had a trading volume of 18,809 shares. Hub Group has a 52-week low of $34.50 and a 52-week high of $49.04. The stock has a 50-day moving average of $46.02 and a 200-day moving average of $41.60. The company has a market cap of $1.771 billion and a P/E ratio of 27.01.
Hub Group (NASDAQ:HUBG) last released its earnings data 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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