Hub Group, Inc. (NASDAQ:HUBG) had its price target upped by Cowen and Company from $41.00 to $48.00 in a research report released on Friday. Cowen and Company currently has a market perform rating on the stock.
A number of other equities research analysts have also weighed in on the stock. Barclays PLC reiterated a sell rating and set a $43.00 target price on shares of Hub Group in a research note on Tuesday, January 10th. Zacks Investment Research upgraded Hub Group from a sell rating to a hold rating in a research note on Thursday, January 5th. Susquehanna Bancshares Inc assumed coverage on Hub Group in a research note on Tuesday, December 20th. They issued a positive rating for the company. Finally, Stifel Nicolaus lowered Hub Group from a buy rating to a hold rating and set a $44.00 price objective for the company. in a research note on Tuesday, November 22nd. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. Hub Group presently has a consensus rating of Hold and a consensus target price of $44.29.
Shares of Hub Group (NASDAQ:HUBG) opened at 48.55 on Friday. The company has a market cap of $1.64 billion, a price-to-earnings ratio of 22.07 and a beta of 1.21. The company’s 50-day moving average price is $44.92 and its 200 day moving average price is $41.91. Hub Group has a 1-year low of $34.35 and a 1-year high of $51.75.
Hub Group (NASDAQ:HUBG) last announced its earnings results on Thursday, February 2nd. The company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.07. The business earned $978.60 million during the quarter, compared to analyst estimates of $936.63 million. Hub Group had a net margin of 2.09% and a return on equity of 12.55%. The company’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.63 EPS. On average, analysts predict that Hub Group will post $2.39 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Public Employees Retirement System of Ohio increased its position in Hub Group by 8.2% in the second quarter. Public Employees Retirement System of Ohio now owns 4,546 shares of the company’s stock valued at $174,000 after buying an additional 345 shares during the period. Teacher Retirement System of Texas increased its position in Hub Group by 13.6% in the second quarter. Teacher Retirement System of Texas now owns 4,990 shares of the company’s stock valued at $191,000 after buying an additional 598 shares during the period. Aperio Group LLC increased its position in Hub Group by 9.8% in the third quarter. Aperio Group LLC now owns 6,238 shares of the company’s stock valued at $254,000 after buying an additional 556 shares during the period. Stifel Financial Corp bought a new position in Hub Group during the second quarter valued at approximately $250,000. Finally, Mason Street Advisors LLC bought a new position in Hub Group during the second quarter valued at approximately $257,000. 95.10% of the stock is owned by institutional investors.
Hub Group Company Profile
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.