Hub Group, Inc. (HUBG) Earns Buy Rating from Stifel Nicolaus
Hub Group, Inc. (NASDAQ:HUBG)‘s stock had its “buy” rating reissued by equities researchers at Stifel Nicolaus in a report released on Thursday. They currently have a $45.00 target price on the transportation company’s stock. Stifel Nicolaus’ target price would indicate a potential upside of 13.21% from the stock’s previous close.
A number of other equities analysts have also recently issued reports on the company. Cowen and Company restated a “hold” rating and set a $40.00 target price on shares of Hub Group in a report on Monday, August 28th. KeyCorp restated a “neutral” rating on shares of Hub Group in a report on Friday, August 25th. BidaskClub cut Hub Group from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 22nd. Zacks Investment Research cut Hub Group from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th. Finally, Barclays PLC reduced their target price on Hub Group from $40.00 to $38.00 and set an “underweight” rating on the stock in a report on Thursday, July 27th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $40.83.
Hub Group (HUBG) traded up 1.92% during mid-day trading on Thursday, reaching $39.75. The company’s stock had a trading volume of 273,183 shares. The company has a market cap of $1.36 billion, a price-to-earnings ratio of 23.67 and a beta of 1.38. The stock’s 50 day moving average is $36.58 and its 200 day moving average is $39.96. Hub Group has a 12 month low of $33.17 and a 12 month high of $52.50.
Hub Group (NASDAQ:HUBG) last issued its earnings results on Wednesday, July 26th. The transportation company reported $0.29 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.37 by $0.08. Hub Group had a return on equity of 9.49% and a net margin of 1.50%. The company had revenue of $924.50 million for the quarter, compared to the consensus estimate of $930.59 million. During the same quarter last year, the business posted $0.61 EPS. Hub Group’s quarterly revenue was up 8.1% on a year-over-year basis. Equities research analysts predict that Hub Group will post $1.48 EPS for the current year.
In other news, Director Charles R. Reaves sold 6,000 shares of the firm’s stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $37.60, for a total transaction of $225,600.00. Following the sale, the director now owns 67,947 shares of the company’s stock, valued at $2,554,807.20. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 5.36% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in HUBG. Louisiana State Employees Retirement System raised its position in shares of Hub Group by 2.3% during the first quarter. Louisiana State Employees Retirement System now owns 13,600 shares of the transportation company’s stock worth $631,000 after purchasing an additional 300 shares during the period. State of Alaska Department of Revenue raised its position in shares of Hub Group by 1.7% during the first quarter. State of Alaska Department of Revenue now owns 3,690 shares of the transportation company’s stock worth $171,000 after purchasing an additional 60 shares during the period. Janney Montgomery Scott LLC raised its position in shares of Hub Group by 18.5% during the first quarter. Janney Montgomery Scott LLC now owns 10,731 shares of the transportation company’s stock worth $498,000 after purchasing an additional 1,679 shares during the period. Russell Investments Group Ltd. raised its position in shares of Hub Group by 2.0% during the first quarter. Russell Investments Group Ltd. now owns 90,898 shares of the transportation company’s stock worth $4,217,000 after purchasing an additional 1,808 shares during the period. Finally, Wells Fargo & Company MN raised its position in shares of Hub Group by 0.7% during the first quarter. Wells Fargo & Company MN now owns 123,579 shares of the transportation company’s stock worth $5,734,000 after purchasing an additional 908 shares during the period. 91.08% of the stock is currently owned by institutional investors.
Hub Group Company Profile
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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