Hub Group (NASDAQ:HUBG) – Analysts at KeyCorp lifted their Q4 2018 earnings per share estimates for shares of Hub Group in a note issued to investors on Sunday, May 13th. KeyCorp analyst T. Fowler now forecasts that the transportation company will post earnings of $0.84 per share for the quarter, up from their previous estimate of $0.82.
Other equities analysts have also issued research reports about the stock. BidaskClub raised shares of Hub Group from a “hold” rating to a “buy” rating in a research note on Saturday. ValuEngine raised shares of Hub Group from a “hold” rating to a “buy” rating in a research note on Thursday, May 3rd. Cowen reaffirmed a “market perform” rating and issued a $41.00 price objective (up previously from $39.00) on shares of Hub Group in a research note on Friday, April 27th. Loop Capital raised their price objective on shares of Hub Group to $52.00 and gave the stock a “hold” rating in a research note on Monday, February 12th. Finally, Morgan Stanley raised their price objective on shares of Hub Group from $40.00 to $43.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 13th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $48.15.
Hub Group (NASDAQ:HUBG) last posted its quarterly earnings data on Thursday, April 26th. The transportation company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.10. Hub Group had a net margin of 3.33% and a return on equity of 9.48%. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same quarter last year, the business posted $0.31 EPS. The company’s revenue was up 22.8% on a year-over-year basis.
Large investors have recently modified their holdings of the business. CIBC Asset Management Inc bought a new position in shares of Hub Group during the 4th quarter valued at $205,000. Aperio Group LLC bought a new position in shares of Hub Group during the 4th quarter valued at $217,000. Amalgamated Bank bought a new position in shares of Hub Group during the 4th quarter valued at $226,000. Delpha Capital Management LLC bought a new position in shares of Hub Group during the 4th quarter valued at $256,000. Finally, Victory Capital Management Inc. raised its holdings in shares of Hub Group by 47.3% during the 1st quarter. Victory Capital Management Inc. now owns 5,479 shares of the transportation company’s stock valued at $229,000 after purchasing an additional 1,759 shares in the last quarter. 95.06% of the stock is owned by institutional investors.
Hub Group Company Profile
Hub Group, Inc, an asset-light freight transportation management company, provides intermodal, truck brokerage, and logistics services in North America. It operates through two segments, Mode and Hub. Its intermodal services include arranging for the movement of its customers' freight in containers and trailers over long distances.
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