Hub Group, Inc. (HUBG) Receives Average Recommendation of “Hold” from Brokerages

Shares of Hub Group, Inc. (NASDAQ:HUBG) have been assigned a consensus rating of “Hold” from the seventeen research firms that are currently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $45.10.

HUBG has been the subject of a number of research analyst reports. BMO Capital Markets raised their target price on Hub Group from $42.00 to $44.00 and gave the company a “market perform” rating in a research note on Friday, October 27th. Cowen Inc restated a “hold” rating and issued a $40.00 target price on shares of Hub Group in a research note on Monday, August 28th. Stephens upgraded Hub Group from an “equal weight” rating to an “overweight” rating in a research note on Friday, October 27th. KeyCorp reaffirmed a “neutral” rating on shares of Hub Group in a research report on Friday, August 25th. Finally, J P Morgan Chase & Co raised their price objective on Hub Group from $40.00 to $48.00 and gave the company a “neutral” rating in a research report on Thursday, October 12th.

Hub Group (NASDAQ:HUBG) traded down $0.10 on Friday, hitting $44.45. The stock had a trading volume of 78,494 shares, compared to its average volume of 327,512. The stock has a market cap of $1,516.32, a PE ratio of 25.99, a PEG ratio of 1.76 and a beta of 1.46. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.33. Hub Group has a 52 week low of $33.17 and a 52 week high of $52.50.

Hub Group (NASDAQ:HUBG) last released its earnings results on Thursday, October 26th. The transportation company reported $0.46 EPS for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.06. The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Hub Group had a return on equity of 8.87% and a net margin of 1.39%. The firm’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.54 EPS. sell-side analysts predict that Hub Group will post 1.69 EPS for the current fiscal year.

In related news, Director Charles R. Reaves sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $37.60, for a total transaction of $225,600.00. Following the completion of the transaction, the director now owns 67,947 shares of the company’s stock, valued at approximately $2,554,807.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 5.36% of the stock is owned by company insiders.

A number of hedge funds have recently bought and sold shares of the stock. Fieldpoint Private Securities LLC bought a new stake in shares of Hub Group in the 3rd quarter worth $100,000. Quantbot Technologies LP increased its holdings in shares of Hub Group by 37.8% in the 2nd quarter. Quantbot Technologies LP now owns 3,338 shares of the transportation company’s stock worth $128,000 after purchasing an additional 915 shares in the last quarter. Zions Bancorporation bought a new stake in shares of Hub Group in the 3rd quarter worth $143,000. Public Employees Retirement System of Ohio increased its holdings in shares of Hub Group by 12.7% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 5,079 shares of the transportation company’s stock worth $195,000 after purchasing an additional 573 shares in the last quarter. Finally, US Bancorp DE increased its holdings in shares of Hub Group by 235.9% in the 2nd quarter. US Bancorp DE now owns 5,525 shares of the transportation company’s stock worth $212,000 after purchasing an additional 3,880 shares in the last quarter. 94.04% of the stock is owned by institutional investors.

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About Hub Group

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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