Hub Group (NASDAQ:HUBG) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Wednesday. The brokerage currently has a $50.00 price objective on the transportation company’s stock. Zacks Investment Research‘s price objective indicates a potential upside of 18.51% from the stock’s previous close.
According to Zacks, “Hub Group, Inc. is a transportation management company that provides multi-modal solutions throughout North America, including intermodal, truck brokerage, dedicated and logistics services. The company is one of the largest over-the-road brokers in North America. The Company arranges for the movement of its customers’ freight in containers and trailers over long distances. Hub Group operates through a nationwide network of hubs, located near significant concentrations of shipping customers and railheads. As a publicly traded company, Hub Group delivers innovative, customer-focused solutions and industry leading service to help customers better control supply chains and their costs. It operates through a nationwide network of hubs, located near significant concentrations of shipping customers and railheads. The company is headquartered in Cambridge, MA. “
Other equities analysts also recently issued reports about the company. BidaskClub raised Hub Group from a “strong sell” rating to a “sell” rating in a research report on Thursday, October 18th. BMO Capital Markets cut their target price on Hub Group from $55.00 to $49.00 and set a “market perform” rating on the stock in a research report on Wednesday, October 3rd. Buckingham Research upped their target price on Hub Group from $46.00 to $54.00 and gave the company a “neutral” rating in a research report on Tuesday, October 30th. Stifel Nicolaus raised Hub Group from a “hold” rating to a “buy” rating and upped their target price for the company from $53.00 to $58.00 in a research report on Tuesday, November 6th. Finally, UBS Group downgraded Hub Group from a “buy” rating to a “neutral” rating and cut their target price for the company from $53.00 to $48.00 in a research report on Tuesday. Two research analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $55.50.
NASDAQ HUBG opened at $42.19 on Wednesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.54 and a current ratio of 1.54. Hub Group has a 1 year low of $38.40 and a 1 year high of $56.60. The firm has a market capitalization of $1.38 billion, a P/E ratio of 15.17 and a beta of 1.42.
Hub Group (NASDAQ:HUBG) last released its earnings results on Thursday, October 25th. The transportation company reported $0.77 earnings per share (EPS) for the quarter, beating the 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 firm had revenue of $933.22 million for the quarter, compared to the consensus estimate of $1.11 billion. On average, analysts expect that Hub Group will post 2.82 earnings per share for the current fiscal year.
A number of large investors have recently bought and sold shares of HUBG. CIBC Asset Management Inc purchased a new stake in Hub Group in the second quarter valued at $216,000. Stevens Capital Management LP purchased a new stake in Hub Group in the third quarter valued at $216,000. BlueMountain Capital Management LLC boosted its holdings in Hub Group by 330.6% in the third quarter. BlueMountain Capital Management LLC now owns 5,003 shares of the transportation company’s stock valued at $228,000 after purchasing an additional 3,841 shares during the last quarter. Jane Street Group LLC purchased a new stake in Hub Group in the third quarter valued at $232,000. Finally, Amalgamated Bank purchased a new stake in Hub Group in the second quarter valued at $256,000. 90.78% of the stock is currently 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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