Hub Group’s Strong-Buy Rating Reaffirmed at Raymond James (HUBG)
Hub Group (NASDAQ:HUBG)‘s stock had its “strong-buy” rating restated by equities research analysts at Raymond James in a research note issued to investors on Friday. They currently have a $59.00 target price on the stock, up from their previous target price of $56.00. Raymond James’ target price suggests a potential upside of 14.67% from the company’s current price.
A number of other firms have also recently commented on HUBG. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Hub Group in a research note on Friday. They now have a $54.00 price target on the stock, up previously from $47.00. Separately, analysts at RBC Capital raised their price target on shares of Hub Group from $41.00 to $49.00 in a research note on Friday. They now have a “sector perform” rating on the stock. Finally, analysts at Robert W. Baird raised their price target on shares of Hub Group from $50.00 to $54.00 in a research note on Tuesday, July 8th. Four research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $50.98.
Shares of Hub Group (NASDAQ:HUBG) traded down 6.22% during mid-day trading on Friday, hitting $48.25. The stock had a trading volume of 1,125,791 shares. Hub Group has a one year low of $34.85 and a one year high of $51.47. The stock’s 50-day moving average is $48.94 and its 200-day moving average is $43.62. The company has a market cap of $1.806 billion and a P/E ratio of 28.89.
Hub Group (NASDAQ:HUBG) last issued its quarterly earnings data on Thursday, July 17th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.01. The company had revenue of $893.90 million for the quarter, compared to the consensus estimate of $900.77 million. During the same quarter in the previous year, the company posted $0.50 earnings per share. The company’s revenue for the quarter was up 6.8% on a year-over-year basis. 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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