Hub Group Inc (HUBG) Receives Consensus Recommendation of “Hold” from Brokerages

Hub Group Inc (NASDAQ:HUBG) has received a consensus rating of “Hold” from the sixteen ratings firms that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $47.55.

A number of analysts have recently weighed in on HUBG shares. Cowen reissued a “hold” rating and set a $40.00 price objective on shares of Hub Group in a research note on Thursday, October 12th. Buckingham Research started coverage on Hub Group in a research note on Friday, October 20th. They set a “neutral” rating and a $43.00 price objective for the company. Loop Capital started coverage on Hub Group in a research note on Tuesday, October 3rd. They set a “hold” rating and a $47.00 price objective for the company. Zacks Investment Research raised Hub Group from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a research note on Monday, October 2nd. Finally, Stephens reissued an “overweight” rating and set a $57.00 price objective (up previously from $50.00) on shares of Hub Group in a research note on Thursday, December 14th.

Hub Group (NASDAQ HUBG) traded up $0.25 during trading hours on Monday, hitting $51.85. The stock had a trading volume of 357,300 shares, compared to its average volume of 267,856. The stock has a market capitalization of $1,770.00, a price-to-earnings ratio of 32.41, a PEG ratio of 1.57 and a beta of 1.49. Hub Group has a 52-week low of $33.17 and a 52-week high of $52.50. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.19 and a current ratio of 1.19.

Hub Group (NASDAQ:HUBG) last released its quarterly earnings data on Thursday, October 26th. The transportation company reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.06. The firm had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.03 billion. Hub Group had a return on equity of 8.87% and a net margin of 1.39%. The business’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.54 earnings per share. equities research analysts forecast that Hub Group will post 1.7 EPS for the current fiscal year.

Several institutional investors have recently made changes to their positions in HUBG. Fieldpoint Private Securities LLC bought a new position in shares of Hub Group during the third quarter valued at approximately $100,000. Quantbot Technologies LP raised its holdings in Hub Group by 37.8% in the second quarter. Quantbot Technologies LP now owns 3,338 shares of the transportation company’s stock worth $128,000 after purchasing an additional 915 shares in the last quarter. Zions Bancorporation bought a new position in Hub Group in the third quarter worth $143,000. Public Employees Retirement System of Ohio raised its holdings in Hub Group by 12.7% in the second quarter. Public Employees Retirement System of Ohio now owns 5,079 shares of the transportation company’s stock worth $195,000 after purchasing an additional 573 shares in the last quarter. Finally, Ramsey Quantitative Systems bought a new position in Hub Group in the second quarter worth $253,000. Institutional investors own 93.84% of the company’s stock.

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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).

Analyst Recommendations for Hub Group (NASDAQ:HUBG)

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