Stifel Nicolaus upgraded shares of Hub Group (NASDAQ:HUBG) from a hold rating to a buy rating in a report published on Tuesday, Marketbeat reports. The brokerage currently has $58.00 price target on the transportation company’s stock, up from their prior price target of $53.00.
HUBG has been the subject of a number of other reports. Morgan Stanley upped their price target on shares of Hub Group from $45.00 to $49.00 and gave the company an equal weight rating in a report on Monday, August 6th. ValuEngine downgraded shares of Hub Group from a buy rating to a hold rating in a report on Tuesday, July 24th. Cowen reissued a hold rating and issued a $53.00 price target on shares of Hub Group in a report on Thursday, August 2nd. BMO Capital Markets upped their price target on shares of Hub Group from $49.00 to $50.00 and gave the company a market perform rating in a report on Friday, October 26th. Finally, BidaskClub downgraded shares of Hub Group from a sell rating to a strong sell rating in a report on Friday, October 26th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the stock. The stock has a consensus rating of Hold and a consensus price target of $56.83.
NASDAQ HUBG traded down $1.90 on Tuesday, reaching $46.56. The company’s stock had a trading volume of 372,709 shares, compared to its average volume of 455,771. Hub Group has a twelve month low of $38.40 and a twelve month high of $56.60. The company has a current ratio of 1.54, a quick ratio of 1.18 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $1.67 billion, a price-to-earnings ratio of 24.38 and a beta of 1.43.
Hub Group (NASDAQ:HUBG) last issued its quarterly earnings results on Thursday, October 25th. The transportation company reported $0.77 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.07. Hub Group had a net margin of 5.78% and a return on equity of 10.77%. The company had revenue of $933.22 million during the quarter, compared to the consensus estimate of $1.11 billion. As a group, research analysts predict that Hub Group will post 2.75 earnings per share for the current year.
In other Hub Group news, Director Charles R. Reaves sold 2,500 shares of the company’s stock in a transaction dated Wednesday, September 5th. The shares were sold at an average price of $50.24, for a total transaction of $125,600.00. Following the completion of the sale, the director now directly owns 68,768 shares of the company’s stock, valued at $3,454,904.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 5.75% of the stock is currently owned by corporate insiders.
Hedge funds have recently bought and sold shares of the business. CIBC Asset Management Inc purchased a new stake in Hub Group during the second quarter valued at about $216,000. Amalgamated Bank purchased a new stake in Hub Group during the second quarter valued at about $256,000. Sawtooth Solutions LLC acquired a new position in shares of Hub Group in the 2nd quarter valued at about $262,000. Tower Research Capital LLC TRC increased its holdings in shares of Hub Group by 16.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 6,752 shares of the transportation company’s stock valued at $336,000 after purchasing an additional 973 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in shares of Hub Group in the 2nd quarter valued at about $355,000. 91.31% 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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