Hub Group Receives Average Rating of “Buy” from Analysts (NASDAQ:HUBG)
Shares of Hub Group (NASDAQ:HUBG) have received an average recommendation of “Buy” from the thirteen analysts that are currently covering the company, AnalystRatingsNetwork reports. Five research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $51.18.
Shares of Hub Group (NASDAQ:HUBG) traded up 0.23% during mid-day trading on Tuesday, hitting $43.59. The stock had a trading volume of 8,440 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 $46.94 and its 200-day moving average is $44.86. The company has a market cap of $1.631 billion and a P/E ratio of 24.30.
Hub Group (NASDAQ:HUBG) last issued its earnings results on Thursday, July 17th. The company reported $0.51 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.50 earnings per share. The company’s quarterly revenue 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.
HUBG has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of Hub Group from an “outperform” rating to a “neutral” rating in a research note on Monday, August 4th. They now have a $55.30 price target on the stock. Separately, 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. Finally, 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.
Hub Group, Inc is an asset-light freight transportation management companies. The Company offers intermodal, truck brokerage and logistics services.
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