BMO Capital Markets Forecasts Strong Price Appreciation for Hub Group (NASDAQ:HUBG) Stock

Hub Group (NASDAQ:HUBG) had its target price raised by equities researchers at BMO Capital Markets from $38.00 to $40.00 in a report released on Monday,Benzinga reports. The firm presently has a “market perform” rating on the transportation company’s stock. BMO Capital Markets’ target price would indicate a potential upside of 11.41% from the stock’s current price.

Several other research firms have also commented on HUBG. Zacks Research lowered Hub Group from a “hold” rating to a “strong sell” rating in a research note on Monday, October 6th. Susquehanna lowered their target price on shares of Hub Group from $47.00 to $42.00 and set a “positive” rating for the company in a report on Wednesday, September 24th. Evercore ISI boosted their target price on shares of Hub Group from $37.00 to $38.00 and gave the company an “in-line” rating in a report on Friday. Benchmark restated a “buy” rating and issued a $40.00 target price on shares of Hub Group in a report on Wednesday, October 8th. Finally, Barclays lowered their target price on shares of Hub Group from $40.00 to $38.00 and set an “equal weight” rating for the company in a report on Thursday, October 2nd. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $39.83.

Hub Group Trading Down 2.5%

Shares of HUBG traded down $0.93 on Monday, hitting $35.91. 291,805 shares of the stock traded hands, compared to its average volume of 600,876. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $2.20 billion, a P/E ratio of 21.79, a P/E/G ratio of 1.23 and a beta of 1.12. The stock’s 50 day moving average is $35.89 and its two-hundred day moving average is $34.80. Hub Group has a 1 year low of $30.75 and a 1 year high of $53.21.

Hub Group (NASDAQ:HUBG) last announced its quarterly earnings data on Thursday, October 30th. The transportation company reported $0.49 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.49. The business had revenue of $934.50 million for the quarter, compared to the consensus estimate of $937.78 million. Hub Group had a net margin of 2.65% and a return on equity of 6.81%. The company’s quarterly revenue was down 5.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.52 earnings per share. Hub Group has set its FY 2025 guidance at 1.800-1.900 EPS. As a group, sell-side analysts predict that Hub Group will post 2.2 earnings per share for the current year.

Hedge Funds Weigh In On Hub Group

A number of institutional investors have recently added to or reduced their stakes in HUBG. KBC Group NV lifted its holdings in Hub Group by 43.3% in the 1st quarter. KBC Group NV now owns 3,681 shares of the transportation company’s stock worth $137,000 after buying an additional 1,113 shares in the last quarter. Teacher Retirement System of Texas increased its holdings in Hub Group by 585.6% during the 1st quarter. Teacher Retirement System of Texas now owns 136,935 shares of the transportation company’s stock worth $5,090,000 after purchasing an additional 116,963 shares during the last quarter. Principal Financial Group Inc. increased its holdings in Hub Group by 2.6% during the 1st quarter. Principal Financial Group Inc. now owns 302,467 shares of the transportation company’s stock worth $11,243,000 after purchasing an additional 7,729 shares during the last quarter. TD Private Client Wealth LLC increased its holdings in Hub Group by 89.9% during the 1st quarter. TD Private Client Wealth LLC now owns 1,796 shares of the transportation company’s stock worth $67,000 after purchasing an additional 850 shares during the last quarter. Finally, Banque Pictet & Cie SA purchased a new stake in Hub Group during the 1st quarter worth approximately $437,000. Institutional investors and hedge funds own 46.77% of the company’s stock.

About Hub Group

Hub Group, Inc, a supply chain solutions provider, offers transportation and logistics management services in North America. The company's transportation services include intermodal, truckload, less-than-truckload, flatbed, temperature-controlled, and dedicated and regional trucking, as well as final mile, railcar, small parcel, and international transportation.