Hub Group Price Target Increased to $56.00 by Analysts at Raymond James (HUBG)
Research analysts at Raymond James increased their price target on shares of Hub Group (NASDAQ:HUBG) from $52.00 to $56.00 in a report released on Monday. The firm currently has a “strong-buy” rating on the stock. Raymond James’ price objective would indicate a potential upside of 15.30% from the company’s current price.
Shares of Hub Group (NASDAQ:HUBG) traded up 0.97% during mid-day trading on Monday, hitting $49.04. 72,849 shares of the company’s stock traded hands. Hub Group has a one year low of $34.85 and a one year high of $49.04. The stock has a 50-day moving average of $46.73 and a 200-day moving average of $42.08. The company has a market cap of $1.836 billion and a price-to-earnings ratio of 27.27.
Hub Group (NASDAQ:HUBG) last announced its 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.
A number of other firms have also recently commented on HUBG. 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 research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $46.07.
Hub Group, Inc is an asset-light freight transportation management companies. The Company offers intermodal, truck brokerage and logistics services.