Benchmark Lowers Hub Group (NASDAQ:HUBG) Price Target to $42.00

Hub Group (NASDAQ:HUBG) had its price objective decreased by stock analysts at Benchmark from $50.00 to $42.00 in a research report issued on Thursday,Benzinga reports. The firm presently has a “buy” rating on the transportation company’s stock. Benchmark’s price target points to a potential upside of 11.75% from the company’s current price.

A number of other analysts also recently weighed in on the company. Robert W. Baird set a $29.00 target price on Hub Group and gave the stock a “neutral” rating in a research report on Friday, February 6th. Raymond James Financial reiterated an “outperform” rating and set a $48.00 price target on shares of Hub Group in a research report on Wednesday, April 15th. Weiss Ratings restated a “hold (c)” rating on shares of Hub Group in a report on Friday, March 27th. Barclays reaffirmed an “overweight” rating and issued a $48.00 price objective (up from $38.00) on shares of Hub Group in a research note on Thursday, January 15th. Finally, Stifel Nicolaus lifted their target price on shares of Hub Group from $27.00 to $29.00 and gave the stock a “sell” rating in a research report on Thursday, April 2nd. Seven investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Hub Group has a consensus rating of “Hold” and an average target price of $43.14.

Hub Group Price Performance

NASDAQ HUBG traded down $0.37 during trading hours on Thursday, reaching $37.58. 48,334 shares of the stock traded hands, compared to its average volume of 847,582. The stock has a 50 day simple moving average of $39.07 and a two-hundred day simple moving average of $40.90. Hub Group has a 1 year low of $32.46 and a 1 year high of $53.26. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.47 and a quick ratio of 1.47. The company has a market cap of $2.30 billion, a price-to-earnings ratio of 21.72, a price-to-earnings-growth ratio of 1.04 and a beta of 1.26.

Hedge Funds Weigh In On Hub Group

Hedge funds have recently modified their holdings of the company. Oregon Public Employees Retirement Fund boosted its holdings in shares of Hub Group by 1.5% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 13,878 shares of the transportation company’s stock worth $591,000 after purchasing an additional 200 shares during the period. Amalgamated Bank grew its holdings in shares of Hub Group by 1.8% during the 3rd quarter. Amalgamated Bank now owns 17,597 shares of the transportation company’s stock worth $606,000 after acquiring an additional 311 shares during the period. Smartleaf Asset Management LLC lifted its stake in shares of Hub Group by 33.4% in the 2nd quarter. Smartleaf Asset Management LLC now owns 1,282 shares of the transportation company’s stock valued at $44,000 after purchasing an additional 321 shares during the period. Baird Financial Group Inc. boosted its position in shares of Hub Group by 0.4% during the second quarter. Baird Financial Group Inc. now owns 90,318 shares of the transportation company’s stock valued at $3,019,000 after purchasing an additional 329 shares in the last quarter. Finally, ProShare Advisors LLC grew its stake in Hub Group by 3.1% in the fourth quarter. ProShare Advisors LLC now owns 11,631 shares of the transportation company’s stock worth $496,000 after purchasing an additional 355 shares during the period. Hedge funds and other institutional investors own 46.77% of the company’s stock.

Hub Group Company Profile

Hub Group, Inc (NASDAQ: HUBG) is a leading supply chain solutions provider headquartered in Oak Brook, Illinois. Founded in 1971 as Hub City Terminals and renamed Hub Group in 1978, the company completed its initial public offering in 2007. Over the decades, Hub Group has developed a comprehensive multimodal transportation network, leveraging partnerships with major rail carriers and an extensive drayage fleet to offer cost-efficient, sustainable shipping alternatives.

The company operates through two primary segments: Intermodal and Transportation Management.