Hub Group (HUBG) Upgraded to Hold at ValuEngine

ValuEngine upgraded shares of Hub Group (NASDAQ:HUBG) from a sell rating to a hold rating in a report published on Thursday.

Other analysts have also recently issued reports about the stock. Zacks Investment Research cut shares of Hub Group from a buy rating to a hold rating in a research report on Thursday, October 11th. BidaskClub downgraded Hub Group from a sell rating to a strong sell rating in a research report on Friday, September 28th. Buckingham Research upped their target price on Hub Group from $46.00 to $54.00 and gave the stock a neutral rating in a research report on Tuesday, October 30th. BMO Capital Markets upped their price target on Hub Group from $49.00 to $50.00 and gave the stock a market perform rating in a report on Friday, October 26th. Finally, Morgan Stanley set a $49.00 price target on Hub Group and gave the stock a hold rating in a report on Monday, November 12th. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of Hold and a consensus target price of $56.60.

HUBG stock traded up $0.44 during trading on Thursday, reaching $41.57. 168,300 shares of the stock traded hands, compared to its average volume of 261,737. Hub Group has a 52-week low of $34.02 and a 52-week high of $56.60. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.23. The company has a market cap of $1.40 billion, a PE ratio of 21.76 and a beta of 1.46.

Hub Group (NASDAQ:HUBG) last issued its earnings results on Thursday, October 25th. The transportation company reported $0.77 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.70 by $0.07. Hub Group had a return on equity of 10.77% and a net margin of 5.78%. The business had revenue of $933.22 million during the quarter, compared to analysts’ expectations of $1.11 billion. Equities analysts forecast that Hub Group will post 2.82 EPS for the current fiscal year.

A number of large investors have recently bought and sold shares of HUBG. Laurion Capital Management LP boosted its holdings in Hub Group by 18.9% in the second quarter. Laurion Capital Management LP now owns 27,723 shares of the transportation company’s stock valued at $1,381,000 after purchasing an additional 4,400 shares during the last quarter. Northern Trust Corp boosted its stake in shares of Hub Group by 4.8% during the 2nd quarter. Northern Trust Corp now owns 428,146 shares of the transportation company’s stock valued at $21,323,000 after buying an additional 19,664 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Hub Group by 10.0% during the 3rd quarter. BlackRock Inc. now owns 5,031,121 shares of the transportation company’s stock valued at $229,420,000 after buying an additional 455,514 shares during the last quarter. Walthausen & Co. LLC bought a new position in shares of Hub Group during the third quarter worth about $6,989,000. Finally, Scopus Asset Management L.P. lifted its holdings in Hub Group by 29.5% during the 2nd quarter. Scopus Asset Management L.P. now owns 910,864 shares of the transportation company’s stock worth $45,361,000 after buying an additional 207,288 shares during the last quarter. 90.73% 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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Analyst Recommendations for Hub Group (NASDAQ:HUBG)

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