Hub Group Inc (HUBG) Given Consensus Rating of “Hold” by Brokerages

Hub Group Inc (NASDAQ:HUBG) has been given a consensus rating of “Hold” by the sixteen analysts that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $48.42.

A number of analysts have issued reports on HUBG shares. Barclays reiterated a “sell” rating and issued a $45.00 target price on shares of Hub Group in a research note on Wednesday, December 13th. Buckingham Research started coverage on shares of Hub Group in a research note on Friday, October 20th. They issued a “neutral” rating and a $43.00 target price for the company. JPMorgan Chase & Co. lifted their target price on shares of Hub Group from $40.00 to $48.00 and gave the company a “neutral” rating in a research note on Thursday, October 12th. Wells Fargo & Co reiterated a “market perform” rating and issued a $46.00 target price (up from $37.00) on shares of Hub Group in a research note on Thursday, November 2nd. They noted that the move was a valuation call. Finally, Stephens upgraded shares of Hub Group from an “equal weight” rating to an “overweight” rating in a research note on Friday, October 27th.

Several large investors have recently added to or reduced their stakes in the company. Macquarie Group Ltd. raised its position in shares of Hub Group by 0.8% in the second quarter. Macquarie Group Ltd. now owns 30,566 shares of the transportation company’s stock valued at $1,172,000 after purchasing an additional 232 shares during the period. Public Employees Retirement System of Ohio raised its position in shares of 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 valued at $195,000 after purchasing an additional 573 shares during the period. UBS Asset Management Americas Inc. raised its position in shares of Hub Group by 3.2% in the second quarter. UBS Asset Management Americas Inc. now owns 25,148 shares of the transportation company’s stock valued at $964,000 after purchasing an additional 782 shares during the period. The Manufacturers Life Insurance Company raised its position in shares of Hub Group by 3.3% in the second quarter. The Manufacturers Life Insurance Company now owns 26,762 shares of the transportation company’s stock valued at $1,025,000 after purchasing an additional 858 shares during the period. Finally, Suntrust Banks Inc. raised its position in shares of Hub Group by 20.1% in the second quarter. Suntrust Banks Inc. now owns 7,060 shares of the transportation company’s stock valued at $270,000 after purchasing an additional 1,180 shares during the period. 92.90% of the stock is currently owned by institutional investors.

Hub Group (HUBG) traded down $1.15 during mid-day trading on Friday, hitting $43.75. 598,323 shares of the company traded hands, compared to its average volume of 310,744. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.19 and a current ratio of 1.19. The firm has a market capitalization of $1,530.00, a PE ratio of 27.34, a P/E/G ratio of 1.35 and a beta of 1.40. Hub Group has a twelve month low of $33.17 and a twelve month high of $52.50.

Hub Group (NASDAQ:HUBG) last posted its earnings results on Thursday, February 8th. The transportation company reported $0.74 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.22. The firm had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.10 billion. Hub Group had a net margin of 1.39% and a return on equity of 8.87%. The company’s revenue was up 18.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.55 earnings per share. analysts predict that Hub Group will post 1.7 EPS for the current fiscal year.

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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).

Analyst Recommendations for Hub Group (NASDAQ:HUBG)

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