Hub Group (NASDAQ:HUBG) Price Target Lowered to $48.00 at Susquehanna

Hub Group (NASDAQ:HUBG) had its target price cut by Susquehanna from $55.00 to $48.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has a “positive” rating on the transportation company’s stock. Susquehanna’s target price would suggest a potential upside of 27.25% from the company’s previous close.

Several other analysts have also issued reports on the stock. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Hub Group in a research report on Friday, March 7th. They issued a “hold” rating and a $41.00 price target on the stock. Benchmark increased their target price on Hub Group from $47.00 to $49.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Stifel Nicolaus lifted their price target on Hub Group from $46.00 to $53.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Finally, Barclays dropped their price objective on Hub Group from $52.00 to $50.00 and set an “equal weight” rating on the stock in a report on Monday, February 10th. Eight analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Hub Group has an average rating of “Hold” and an average price target of $47.18.

Hub Group Price Performance

Shares of NASDAQ HUBG opened at $37.72 on Wednesday. The company has a current ratio of 1.33, a quick ratio of 1.30 and a debt-to-equity ratio of 0.10. The stock has a fifty day simple moving average of $41.70 and a two-hundred day simple moving average of $44.57. Hub Group has a 1-year low of $36.04 and a 1-year high of $53.21. The firm has a market cap of $2.32 billion, a price-to-earnings ratio of 22.19 and a beta of 0.93.

Hub Group (NASDAQ:HUBG) last posted its quarterly earnings results on Thursday, February 6th. The transportation company reported $0.48 earnings per share for the quarter, hitting the consensus estimate of $0.48. Hub Group had a return on equity of 7.10% and a net margin of 2.64%. Analysts anticipate that Hub Group will post 2.2 earnings per share for the current year.

Institutional Investors Weigh In On Hub Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. Dana Investment Advisors Inc. grew its stake in Hub Group by 1.1% in the 4th quarter. Dana Investment Advisors Inc. now owns 22,781 shares of the transportation company’s stock worth $1,015,000 after buying an additional 252 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of Hub Group by 0.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 31,522 shares of the transportation company’s stock worth $1,405,000 after acquiring an additional 260 shares during the last quarter. Summit Investment Advisors Inc. grew its position in Hub Group by 4.8% in the fourth quarter. Summit Investment Advisors Inc. now owns 6,268 shares of the transportation company’s stock worth $279,000 after acquiring an additional 287 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its stake in Hub Group by 48.4% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 950 shares of the transportation company’s stock valued at $42,000 after acquiring an additional 310 shares during the last quarter. Finally, Highland Capital Management LLC raised its position in Hub Group by 6.6% during the fourth quarter. Highland Capital Management LLC now owns 5,424 shares of the transportation company’s stock valued at $242,000 after purchasing an additional 338 shares in the last quarter. 46.77% of the stock is owned by hedge funds and other institutional investors.

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.