Hub Group, Inc. (NASDAQ:HUBG) Receives Average Rating of “Hold” from Analysts

Hub Group, Inc. (NASDAQ:HUBG) has been assigned a consensus rating of “Hold” from the ten ratings firms that are covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $40.40.

HUBG has been the subject of several research reports. Barclays PLC reduced their target price on Hub Group from $40.00 to $38.00 and set an “underweight” rating for the company in a research report on Thursday, July 27th. TheStreet cut Hub Group from a “b” rating to a “c+” rating in a research report on Friday, April 28th. Cowen and Company raised their target price on Hub Group from $41.00 to $42.00 and gave the stock a “market perform” rating in a research report on Wednesday, May 31st. Stifel Nicolaus raised Hub Group from a “hold” rating to a “buy” rating and raised their target price for the stock from $44.00 to $45.00 in a research report on Tuesday, May 30th. Finally, J P Morgan Chase & Co began coverage on Hub Group in a report on Tuesday, May 23rd. They set a “neutral” rating and a $37.00 price objective for the company.

Shares of Hub Group (HUBG) traded up 3.505% on Monday, reaching $36.175. 506,323 shares of the company’s stock were exchanged. The company has a market capitalization of $1.23 billion, a P/E ratio of 21.546 and a beta of 1.40. Hub Group has a 12 month low of $33.17 and a 12 month high of $52.50. The firm’s 50 day moving average price is $37.33 and its 200-day moving average price is $41.40.

Hub Group (NASDAQ:HUBG) last issued its earnings results on Wednesday, July 26th. The transportation company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.37 by $0.08. The firm had revenue of $924.50 million during the quarter, compared to the consensus estimate of $930.59 million. Hub Group had a return on equity of 9.49% and a net margin of 1.50%. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period last year, the business earned $0.61 earnings per share. On average, equities analysts anticipate that Hub Group will post $1.49 EPS for the current year.

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Several hedge funds and other institutional investors have recently modified their holdings of HUBG. Quantbot Technologies LP acquired a new stake in shares of Hub Group during the first quarter worth $112,000. Ameritas Investment Partners Inc. acquired a new stake in shares of Hub Group during the first quarter worth $134,000. State of Alaska Department of Revenue raised its stake in shares of Hub Group by 1.7% in the first quarter. State of Alaska Department of Revenue now owns 3,690 shares of the transportation company’s stock worth $171,000 after buying an additional 60 shares during the period. Stevens Capital Management LP acquired a new stake in shares of Hub Group during the first quarter worth $203,000. Finally, Amalgamated Bank acquired a new stake in shares of Hub Group during the first quarter worth $206,000. 94.37% of the stock is owned by institutional investors.

About Hub Group

Hub Group, Inc is an asset-light freight transportation management company. The Company offers intermodal, truck brokerage and logistics services. It operates through two business segments: Mode and Hub. The Mode segment markets and operates its freight transportation services, consisting of intermodal, truck brokerage and logistics, primarily through agents entering into contractual arrangements with Mode Transportation, LLC (Mode LLC).

Analyst Recommendations for Hub Group (NASDAQ:HUBG)

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