Hub Group (HUBG) Given New $52.00 Price Target at Loop Capital

Hub Group (NASDAQ:HUBG) had its target price upped by Loop Capital to $52.00 in a research note issued to investors on Monday, The Fly reports. The brokerage presently has a “hold” rating on the transportation company’s stock. Loop Capital’s target price suggests a potential upside of 18.86% from the company’s previous close.

Several other research firms also recently issued reports on HUBG. Zacks Investment Research upgraded Hub Group from a “hold” rating to a “buy” rating and set a $58.00 price objective on the stock in a report on Tuesday, January 16th. BidaskClub cut Hub Group from a “buy” rating to a “hold” rating in a research report on Friday, January 26th. Stephens reissued an “overweight” rating and issued a $57.00 target price (up from $50.00) on shares of Hub Group in a research report on Thursday, December 14th. Robert W. Baird raised Hub Group from a “neutral” rating to an “outperform” rating and upped their target price for the company from $45.00 to $55.00 in a research report on Tuesday, December 19th. Finally, Barclays reissued a “sell” rating and issued a $45.00 target price on shares of Hub Group in a research report on Wednesday, December 13th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $48.83.

Hub Group (NASDAQ HUBG) traded down $1.15 during mid-day trading on Monday, hitting $43.75. The company had a trading volume of 598,300 shares, compared to its average volume of 302,170. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.24 and a quick ratio of 1.19. The stock has a market cap of $1,492.44, a P/E ratio of 10.80, a PEG ratio of 1.24 and a beta of 1.40. Hub Group has a 52-week low of $33.17 and a 52-week high of $52.50.

Hub Group (NASDAQ:HUBG) last posted its quarterly earnings data on Thursday, February 8th. The transportation company reported $0.74 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.22. The firm had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.10 billion. Hub Group had a return on equity of 9.36% and a net margin of 3.35%. The company’s quarterly revenue was up 18.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.55 EPS. sell-side analysts expect that Hub Group will post 2.35 EPS for the current fiscal year.

Institutional investors have recently bought and sold shares of the business. Fieldpoint Private Securities LLC purchased a new position in shares of Hub Group during the 3rd quarter worth approximately $100,000. Zions Bancorporation purchased a new position in Hub Group in the third quarter valued at about $143,000. CIBC Asset Management Inc purchased a new position in Hub Group in the fourth quarter valued at about $205,000. Aperio Group LLC purchased a new position in Hub Group in the fourth quarter valued at about $217,000. Finally, Public Employees Retirement System of Ohio increased its position in shares of Hub Group by 12.7% during the second quarter. Public Employees Retirement System of Ohio now owns 5,079 shares of the transportation company’s stock worth $195,000 after acquiring an additional 573 shares during the last quarter. 92.89% of the stock is owned by institutional investors.

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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).

The Fly

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