Hub Group Receives Average Recommendation of “Buy” from Analysts (NASDAQ:HUBG)
Shares of Hub Group (NASDAQ:HUBG) have earned an average recommendation of “Buy” from the thirteen brokerages that are presently covering the stock, StockRatingsNetwork reports. Four equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $50.98.
Shares of Hub Group (NASDAQ:HUBG) opened at 47.66 on Tuesday. Hub Group has a 52 week low of $34.85 and a 52 week high of $51.47. The stock has a 50-day moving average of $49.17 and a 200-day moving average of $43.96. The company has a market cap of $1.784 billion and a price-to-earnings ratio of 27.12.
Hub Group (NASDAQ:HUBG) last announced its earnings results on Thursday, July 17th. The company reported $0.51 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.50 earnings per share. Hub Group’s revenue was up 6.8% compared to the same quarter last year. Analysts expect that Hub Group will post $2.04 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Raymond James reiterated a “strong-buy” rating on shares of Hub Group in a research note on Friday, July 18th. They now have a $59.00 price target on the stock, up previously from $56.00. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Hub Group in a research note on Friday, July 18th. They now have a $54.00 price target on the stock, up previously from $47.00. Finally, 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, July 18th. They now have a “sector perform” rating on the stock.
Hub Group, Inc is an asset-light freight transportation management companies. The Company offers intermodal, truck brokerage and logistics services.
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