Hub Group Inc (HUBG) Receives Average Rating of “Hold” from Analysts

Hub Group Inc (NASDAQ:HUBG) has received a consensus recommendation of “Hold” from the seventeen analysts that are presently covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $53.50.

Several research firms have recently weighed in on HUBG. ValuEngine downgraded shares of Hub Group from a “buy” rating to a “hold” rating in a research note on Tuesday, July 24th. Morgan Stanley lifted their price target on shares of Hub Group from $45.00 to $49.00 and gave the company an “equal weight” rating in a research note on Monday, August 6th. Cowen reaffirmed a “hold” rating and set a $53.00 price target on shares of Hub Group in a research note on Thursday, August 2nd. BidaskClub downgraded shares of Hub Group from a “hold” rating to a “sell” rating in a research note on Saturday, July 28th. Finally, BMO Capital Markets lifted their price target on shares of Hub Group from $48.00 to $55.00 and gave the company a “market perform” rating in a research note on Thursday, August 2nd.

NASDAQ HUBG traded down $0.15 during trading on Friday, hitting $45.70. The stock had a trading volume of 3,584 shares, compared to its average volume of 251,098. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.18 and a quick ratio of 1.18. Hub Group has a one year low of $37.90 and a one year high of $56.60. The company has a market cap of $1.59 billion, a P/E ratio of 24.14 and a beta of 1.51.

Hub Group (NASDAQ:HUBG) last posted its quarterly earnings results on Wednesday, August 1st. The transportation company reported $0.66 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.18. Hub Group had a net margin of 3.42% and a return on equity of 10.32%. The firm had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter in the previous year, the firm posted $0.29 earnings per share. The company’s revenue was up 27.7% on a year-over-year basis. equities research analysts expect that Hub Group will post 2.77 EPS for the current year.

In related news, Director Charles R. Reaves sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, September 5th. The shares were sold at an average price of $50.24, for a total value of $125,600.00. Following the completion of the transaction, the director now owns 68,768 shares of the company’s stock, valued at $3,454,904.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 5.75% of the company’s stock.

A number of large investors have recently modified their holdings of HUBG. Victory Capital Management Inc. grew its position in shares of Hub Group by 12,002.3% in the 2nd quarter. Victory Capital Management Inc. now owns 663,086 shares of the transportation company’s stock valued at $33,022,000 after buying an additional 657,607 shares during the last quarter. Voya Investment Management LLC boosted its holdings in shares of Hub Group by 3,913.9% in the second quarter. Voya Investment Management LLC now owns 570,822 shares of the transportation company’s stock valued at $28,427,000 after acquiring an additional 556,601 shares in the last quarter. Millennium Management LLC boosted its holdings in shares of Hub Group by 120.6% in the first quarter. Millennium Management LLC now owns 888,594 shares of the transportation company’s stock valued at $37,188,000 after acquiring an additional 485,807 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Hub Group by 6.1% in the second quarter. BlackRock Inc. now owns 4,575,607 shares of the transportation company’s stock valued at $227,866,000 after acquiring an additional 264,099 shares in the last quarter. Finally, Intrinsic Edge Capital Management LLC purchased a new stake in shares of Hub Group in the second quarter valued at about $12,932,000. 91.24% of the stock is owned by institutional investors.

About Hub Group

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.

Featured Story: What does relative strength index mean?

Analyst Recommendations for Hub Group (NASDAQ:HUBG)

Receive News & Ratings for Hub Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hub Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply