Hub Group Inc (HUBG) Receives Consensus Rating of “Hold” from Brokerages

Shares of Hub Group Inc (NASDAQ:HUBG) have received an average rating of “Hold” from the seventeen analysts that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $48.23.

Several equities analysts have recently commented on the stock. Loop Capital upped their price objective on shares of Hub Group to $54.00 and gave the company a “hold” rating in a research note on Tuesday, June 26th. BidaskClub downgraded shares of Hub Group from a “buy” rating to a “hold” rating in a research note on Tuesday, June 26th. Zacks Investment Research raised shares of Hub Group from a “hold” rating to a “buy” rating and set a $57.00 price objective for the company in a research note on Wednesday, June 13th. Wolfe Research raised shares of Hub Group from a “market perform” rating to an “outperform” rating in a research note on Thursday, May 24th. Finally, ValuEngine raised shares of Hub Group from a “hold” rating to a “buy” rating in a research note on Thursday, May 3rd.

Shares of Hub Group traded up $1.35, hitting $51.90, during midday trading on Monday, Marketbeat Ratings reports. 180,600 shares of the stock traded hands, compared to its average volume of 303,964. The company has a market cap of $1.74 billion, a price-to-earnings ratio of 27.17, a price-to-earnings-growth ratio of 1.39 and a beta of 1.50. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.26. Hub Group has a one year low of $33.17 and a one year high of $54.46.

Hub Group (NASDAQ:HUBG) last issued its quarterly earnings data on Thursday, April 26th. The transportation company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.38 by $0.10. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.03 billion. Hub Group had a net margin of 3.33% and a return on equity of 9.48%. The company’s quarterly revenue was up 22.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.31 earnings per share. research analysts forecast that Hub Group will post 2.42 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Swiss National Bank increased its position in shares of Hub Group by 2.3% during the first quarter. Swiss National Bank now owns 58,300 shares of the transportation company’s stock valued at $2,440,000 after buying an additional 1,300 shares during the period. Rhumbline Advisers increased its position in shares of Hub Group by 1.7% during the first quarter. Rhumbline Advisers now owns 82,013 shares of the transportation company’s stock valued at $3,432,000 after buying an additional 1,376 shares during the period. Prudential Financial Inc. increased its position in shares of Hub Group by 2.6% during the first quarter. Prudential Financial Inc. now owns 56,938 shares of the transportation company’s stock valued at $2,383,000 after buying an additional 1,450 shares during the period. State Board of Administration of Florida Retirement System increased its position in shares of Hub Group by 5.8% during the first quarter. State Board of Administration of Florida Retirement System now owns 27,803 shares of the transportation company’s stock valued at $1,164,000 after buying an additional 1,519 shares during the period. Finally, Victory Capital Management Inc. grew its holdings in Hub Group by 47.3% in the first quarter. Victory Capital Management Inc. now owns 5,479 shares of the transportation company’s stock worth $229,000 after purchasing an additional 1,759 shares during the period. Institutional investors own 93.02% of the company’s stock.

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.

Analyst Recommendations for Hub Group (NASDAQ:HUBG)

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