Hub Group Inc (HUBG) Now Covered by JPMorgan Chase & Co.
Research analysts at JPMorgan Chase & Co. began coverage on shares of Hub Group Inc (NASDAQ:HUBG) in a note issued to investors on Tuesday. The brokerage set a “neutral” rating and a $37.00 price target on the transportation company’s stock. JPMorgan Chase & Co.’s target price would suggest a potential upside of 6.78% from the stock’s current price.
Other analysts have also recently issued reports about the company. Seaport Global Securities initiated coverage on Hub Group in a research note on Wednesday, February 15th. They issued a “buy” rating on the stock. Zacks Investment Research upgraded Hub Group from a “hold” rating to a “buy” rating and set a $54.00 price target on the stock in a research report on Wednesday, February 8th. TheStreet cut Hub Group from a “b” rating to a “c+” rating in a research report on Friday, April 28th. BMO Capital Markets restated a “hold” rating and issued a $42.00 price target on shares of Hub Group in a research report on Friday, May 19th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $44.00 price objective (down previously from $51.00) on shares of Hub Group in a report on Friday, April 14th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $43.50.
Shares of Hub Group (NASDAQ:HUBG) traded up 1.61% during midday trading on Tuesday, hitting $34.65. The company’s stock had a trading volume of 441,041 shares. The firm has a 50-day moving average of $38.09 and a 200 day moving average of $43.80. The firm has a market cap of $1.18 billion, a price-to-earnings ratio of 17.30 and a beta of 1.21. Hub Group has a 12-month low of $33.45 and a 12-month high of $52.50.
Hub Group (NASDAQ:HUBG) last released its earnings results on Wednesday, April 26th. The transportation company reported $0.34 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.01. The firm had revenue of $893.45 million during the quarter, compared to analyst estimates of $891.96 million. Hub Group had a return on equity of 12.55% and a net margin of 2.09%. Hub Group’s revenue was up 10.9% compared to the same quarter last year. During the same period last year, the business posted $0.51 earnings per share. On average, equities research analysts predict that Hub Group will post $1.67 EPS for the current fiscal year.
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Several large investors have recently made changes to their positions in HUBG. Miles Capital Inc. raised its stake in shares of Hub Group by 0.3% in the first quarter. Miles Capital Inc. now owns 5,105 shares of the transportation company’s stock valued at $237,000 after buying an additional 13 shares during the period. State of Alaska Department of Revenue raised its stake in shares of Hub Group by 1.7% in the first quarter. State of Alaska Department of Revenue now owns 3,690 shares of the transportation company’s stock valued at $171,000 after buying an additional 60 shares during the period. Anchor Capital Advisors LLC raised its stake in shares of Hub Group by 0.3% in the first quarter. Anchor Capital Advisors LLC now owns 28,341 shares of the transportation company’s stock valued at $1,315,000 after buying an additional 94 shares during the period. HighTower Advisors LLC raised its stake in shares of Hub Group by 0.6% in the third quarter. HighTower Advisors LLC now owns 33,620 shares of the transportation company’s stock valued at $1,371,000 after buying an additional 212 shares during the period. Finally, Louisiana State Employees Retirement System raised its stake in shares of Hub Group by 2.3% in the first quarter. Louisiana State Employees Retirement System now owns 13,600 shares of the transportation company’s stock valued at $631,000 after buying an additional 300 shares during the period. 94.59% of the stock is currently owned by institutional investors and hedge funds.
About Hub Group
Hub Group, Inc is an asset-light freight transportation management company. The Company offers intermodal, truck brokerage and logistics services. It operates through two business segments: Mode and Hub. The Mode segment markets and operates its freight transportation services, consisting of intermodal, truck brokerage and logistics, primarily through agents entering into contractual arrangements with Mode Transportation, LLC (Mode LLC).
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