Hub Group (HUBG) Price Target Raised to $43.00

Hub Group (NASDAQ:HUBG) had its price objective increased by equities research analysts at Morgan Stanley from $40.00 to $43.00 in a research note issued to investors on Tuesday. The brokerage currently has an “equal weight” rating on the transportation company’s stock. Morgan Stanley’s price objective suggests a potential downside of 3.80% from the company’s current price.

HUBG has been the topic of several other research reports. Zacks Investment Research upgraded Hub Group from a “sell” rating to a “hold” rating in a research note on Wednesday, January 10th. Stephens reiterated an “overweight” rating and issued a $57.00 price objective (up previously from $50.00) on shares of Hub Group in a research note on Thursday, December 14th. Robert W. Baird upgraded Hub Group from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $45.00 to $55.00 in a research report on Tuesday, December 19th. BidaskClub upgraded Hub Group from a “hold” rating to a “buy” rating in a research report on Saturday, December 2nd. Finally, BMO Capital Markets increased their target price on Hub Group from $42.00 to $44.00 and gave the stock a “market perform” rating in a research report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $48.38.

Hub Group (NASDAQ HUBG) opened at $44.70 on Tuesday. Hub Group has a 12 month low of $33.17 and a 12 month high of $52.50. The company has a quick ratio of 1.19, a current ratio of 1.24 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $1,492.44, a P/E ratio of 11.04, a P/E/G ratio of 1.24 and a beta of 1.40.

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

Several large investors have recently bought and sold shares of HUBG. 1060 Capital LLC purchased a new stake in shares of Hub Group during the third quarter worth $32,074,000. Bank of New York Mellon Corp raised its position in shares of Hub Group by 97.9% in the third quarter. Bank of New York Mellon Corp now owns 1,282,256 shares of the transportation company’s stock worth $55,074,000 after buying an additional 634,448 shares in the last quarter. SG Capital Management LLC purchased a new stake in shares of Hub Group in the third quarter worth $15,654,000. Citadel Advisors LLC raised its position in shares of Hub Group by 256.9% in the third quarter. Citadel Advisors LLC now owns 486,906 shares of the transportation company’s stock worth $20,913,000 after buying an additional 350,468 shares in the last quarter. Finally, Granite Investment Partners LLC purchased a new stake in shares of Hub Group in the fourth quarter worth $14,668,000. Hedge funds and other institutional investors own 92.89% of the company’s stock.

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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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