Hub Group, Inc. (NASDAQ:HUBG) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday. The firm currently has a $54.00 price target on the stock. Zacks Investment Research’s price objective would suggest a potential upside of 11.23% from the stock’s current price.
According to Zacks, “Hub Group, Inc. is a full service transportation provider, offering intermodal, truck brokerage and comprehensive logistics services. “
HUBG has been the subject of several other reports. Barclays PLC reaffirmed a “sell” rating and set a $43.00 target price on shares of Hub Group in a research note on Tuesday, January 10th. Stifel Nicolaus raised Hub Group from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a research note on Friday, October 28th. Susquehanna Bancshares Inc began coverage on Hub Group in a research note on Tuesday, December 20th. They set a “positive” rating for the company. Finally, Cowen and Company boosted their price target on Hub Group from $41.00 to $48.00 and gave the stock a “market perform” rating in a research report on Friday, February 3rd. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. Hub Group currently has an average rating of “Hold” and an average price target of $44.29.
Shares of Hub Group (NASDAQ:HUBG) traded up 1.15% during mid-day trading on Wednesday, reaching $48.55. The company had a trading volume of 268,127 shares. Hub Group has a 1-year low of $34.35 and a 1-year high of $51.75. The company has a market capitalization of $1.64 billion, a PE ratio of 22.07 and a beta of 1.21. The stock’s 50-day moving average price is $44.92 and its 200 day moving average price is $41.91.
Hub Group (NASDAQ:HUBG) last announced its earnings results on Thursday, February 2nd. The company reported $0.55 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.07. The business earned $978.60 million during the quarter, compared to the consensus estimate of $936.63 million. Hub Group had a return on equity of 12.55% and a net margin of 2.09%. The business’s quarterly revenue was up 9.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.63 EPS. Equities analysts expect that Hub Group will post $2.39 EPS for the current year.
A number of hedge funds have recently modified their holdings of HUBG. Vanguard Group Inc. boosted its stake in shares of Hub Group by 0.4% in the second quarter. Vanguard Group Inc. now owns 2,673,644 shares of the company’s stock valued at $102,587,000 after buying an additional 10,133 shares during the last quarter. BlackRock Fund Advisors boosted its stake in shares of Hub Group by 5.8% in the third quarter. BlackRock Fund Advisors now owns 2,365,696 shares of the company’s stock valued at $96,426,000 after buying an additional 129,383 shares during the last quarter. Fisher Asset Management LLC boosted its stake in shares of Hub Group by 1.1% in the third quarter. Fisher Asset Management LLC now owns 1,533,513 shares of the company’s stock valued at $62,506,000 after buying an additional 16,615 shares during the last quarter. Nuance Investments LLC boosted its stake in shares of Hub Group by 10.5% in the third quarter. Nuance Investments LLC now owns 620,391 shares of the company’s stock valued at $25,287,000 after buying an additional 58,771 shares during the last quarter. Finally, Peregrine Capital Management LLC bought a new stake in shares of Hub Group during the third quarter valued at about $24,268,000. Institutional investors own 95.10% of the company’s stock.
About Hub Group
Hub Group, Inc is an asset-light freight transportation management company. The Company offers intermodal, truck brokerage and logistics services. The Company 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 who enter into contractual arrangements with Mode LLC.
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