Hub Group Upgraded by Zacks to Outperform (HUBG)
Hub Group (NASDAQ:HUBG) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research note issued to investors on Tuesday. The firm currently has a $53.30 price target on the stock. Zacks‘s target price suggests a potential upside of 6.24% from the company’s current price.
Shares of Hub Group (NASDAQ:HUBG) traded down 0.46% during mid-day trading on Tuesday, hitting $50.17. 289,307 shares of the company’s stock traded hands. Hub Group has a 1-year low of $34.85 and a 1-year high of $50.63. The stock’s 50-day moving average is $47.61 and its 200-day moving average is $42.66. The company has a market cap of $1.878 billion and a price-to-earnings ratio of 28.30.
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.
Several other analysts have also recently commented on the stock. Analysts at Raymond James raised their price target on shares of Hub Group from $52.00 to $56.00 in a research note on Monday, June 23rd. They now have a “strong-buy” rating on the stock. Separately, 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. Finally, 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. Four research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $47.64.
Hub Group, Inc is an asset-light freight transportation management companies. The Company offers intermodal, truck brokerage and logistics services.
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