Hub Group (HUBG) Cut to “Strong Sell” at BidaskClub

Hub Group (NASDAQ:HUBG) was downgraded by research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a report released on Tuesday, August 1st.

A number of other analysts have also weighed in on the stock. TheStreet lowered shares of Hub Group from a “b” rating to a “c+” rating in a research note on Friday, April 28th. Stifel Nicolaus raised shares of Hub Group from a “hold” rating to a “buy” rating and upped their price objective for the stock from $44.00 to $45.00 in a research note on Tuesday, May 30th. Cowen reaffirmed a “market perform” rating and issued a $41.00 price objective (down from $44.00) on shares of Hub Group in a research note on Thursday, April 27th. JPMorgan Chase started coverage on shares of Hub Group in a research note on Tuesday, May 23rd. They issued a “neutral” rating and a $37.00 price objective for the company. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $42.00 price objective on shares of Hub Group in a research note on Friday, May 19th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the company. Hub Group currently has an average rating of “Hold” and a consensus price target of $48.00.

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Shares of HUBG traded down $0.65 during trading hours on Tuesday, reaching $41.70. 513,975 shares of the company traded hands, compared to its average volume of 325,080. The firm has a market capitalization of $1,427.98, a P/E ratio of 21.83, a P/E/G ratio of 1.22 and a beta of 1.44. Hub Group has a 12-month low of $33.17 and a 12-month high of $52.25. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.29.

Hub Group (NASDAQ:HUBG) last issued 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. Hub Group had a net margin of 3.35% and a return on equity of 9.36%. The firm had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same period in the previous year, the firm earned $0.55 earnings per share. The business’s revenue was up 18.8% on a year-over-year basis. analysts predict that Hub Group will post 2.32 earnings per share for the current year.

A number of institutional investors have recently made changes to their positions in HUBG. Fieldpoint Private Securities LLC bought a new position in Hub Group in the third quarter worth about $100,000. Quantbot Technologies LP bought a new position in Hub Group in the first quarter worth about $112,000. Ameritas Investment Partners Inc. bought a new position in Hub Group in the first quarter worth about $134,000. Zions Bancorporation bought a new position in Hub Group in the third quarter worth about $143,000. Finally, State of Alaska Department of Revenue raised its holdings in Hub Group by 1.7% in 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 in the last quarter. Institutional investors and hedge funds own 92.87% 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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