Hub Group Price Target Raised to $54.00 at Robert W. Baird (HUBG)
Research analysts at Robert W. Baird increased their price target on shares of Hub Group (NASDAQ:HUBG) from $50.00 to $54.00 in a report released on Tuesday. Robert W. Baird’s price objective indicates a potential upside of 7.16% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at BMO Capital Markets raised their price target on shares of Hub Group from $44.00 to $48.00 in a research note on Monday. They now have a “market perform” rating on the stock. Separately, analysts at Zacks upgraded shares of Hub Group from a “neutral” rating to an “outperform” rating in a research note on Tuesday, July 1st. They now have a $53.30 price target on the stock. Finally, 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. Four equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Hub Group presently has an average rating of “Buy” and an average target price of $49.42.
Hub Group (NASDAQ:HUBG) traded up 0.38% during mid-day trading on Tuesday, hitting $50.39. The stock had a trading volume of 239,890 shares. Hub Group has a 1-year low of $34.85 and a 1-year high of $51.17. The stock’s 50-day moving average is $48. and its 200-day moving average is $43.17. The company has a market cap of $1.887 billion and a price-to-earnings ratio of 28.19.
Hub Group (NASDAQ:HUBG) last issued its quarterly 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. On average, analysts predict that Hub Group will post $2.04 earnings per share 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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