Hub Group, Inc. (NASDAQ:HUBG) Given Average Recommendation of “Hold” by Brokerages
Shares of Hub Group, Inc. (NASDAQ:HUBG) have received an average rating of “Hold” from the eleven analysts that are presently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating on the company. The average 1-year target price among analysts that have covered the stock in the last year is $42.33.
Several equities analysts have weighed in on the company. Zacks Investment Research upgraded Hub Group from a “hold” rating to a “buy” rating and set a $43.00 price objective on the stock in a research note on Wednesday, July 5th. BidaskClub upgraded Hub Group from a “strong sell” rating to a “sell” rating in a research note on Thursday, June 29th. Cowen and Company restated a “market perform” rating and set a $41.00 price objective (down from $44.00) on shares of Hub Group in a research note on Thursday, April 27th. Stifel Nicolaus restated a “hold” rating and set a $44.00 price objective (down from $51.00) on shares of Hub Group in a research note on Friday, April 14th. Finally, BMO Capital Markets restated a “hold” rating and set a $42.00 price objective on shares of Hub Group in a research note on Friday, May 19th.
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Shares of Hub Group (HUBG) remained flat at $39.55 during mid-day trading on Monday. The company’s stock had a trading volume of 229,183 shares. The firm has a 50-day moving average of $37.84 and a 200 day moving average of $42.24. The stock has a market cap of $1.35 billion, a PE ratio of 19.75 and a beta of 1.41. Hub Group has a one year low of $33.45 and a one year high of $52.50.
Hub Group (NASDAQ:HUBG) last posted its quarterly earnings results on Wednesday, April 26th. The transportation company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.01. Hub Group had a net margin of 1.84% and a return on equity of 11.09%. The business had revenue of $893.45 million during the quarter, compared to the consensus estimate of $891.96 million. During the same quarter last year, the firm posted $0.51 EPS. Hub Group’s revenue was up 10.9% compared to the same quarter last year. On average, equities research analysts predict that Hub Group will post $1.67 earnings per share for the current fiscal year.
Several large investors have recently added to or reduced their stakes in HUBG. BlackRock Inc. boosted its stake in Hub Group by 19,453.7% in the first quarter. BlackRock Inc. now owns 5,038,204 shares of the transportation company’s stock worth $233,773,000 after buying an additional 5,012,438 shares during the last quarter. Norges Bank acquired a new stake in Hub Group during the fourth quarter worth approximately $22,949,000. FMR LLC boosted its stake in Hub Group by 10.7% in the first quarter. FMR LLC now owns 3,270,552 shares of the transportation company’s stock worth $151,754,000 after buying an additional 317,119 shares during the last quarter. Bank of Montreal Can boosted its stake in Hub Group by 345.4% in the second quarter. Bank of Montreal Can now owns 235,492 shares of the transportation company’s stock worth $9,031,000 after buying an additional 182,622 shares during the last quarter. Finally, HighTower Advisors LLC boosted its stake in Hub Group by 472.7% in the first quarter. HighTower Advisors LLC now owns 190,203 shares of the transportation company’s stock worth $8,823,000 after buying an additional 156,989 shares during the last quarter. Institutional investors own 94.97% of the company’s stock.
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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