Hub Group (NASDAQ:HUBG) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Tuesday. The firm currently has a $58.00 price target on the transportation company’s stock. Zacks Investment Research‘s price objective indicates a potential upside of 11.86% from the company’s current price.
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. “
A number of other research analysts have also commented on HUBG. BMO Capital Markets restated a “hold” rating and set a $42.00 price target on shares of Hub Group in a research report on Wednesday, September 20th. KeyCorp restated a “hold” rating on shares of Hub Group in a research report on Tuesday, September 26th. Stifel Nicolaus restated a “buy” rating and set a $50.00 price target on shares of Hub Group in a research report on Sunday, October 1st. Barclays boosted their price target on shares of Hub Group from $38.00 to $40.00 and gave the company an “underweight” rating in a research report on Monday, October 2nd. Finally, Loop Capital began coverage on shares of Hub Group in a research report on Tuesday, October 3rd. They set a “hold” rating and a $47.00 price target for the company. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $48.42.
Hub Group (NASDAQ:HUBG) opened at $51.85 on Tuesday. Hub Group has a one year low of $33.17 and a one year high of $52.50. The firm has a market cap of $1,768.76, a P/E ratio of 32.21, a P/E/G ratio of 1.57 and a beta of 1.50. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.33.
Hub Group (NASDAQ:HUBG) last released its quarterly earnings data on Thursday, October 26th. The transportation company reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.06. Hub Group had a net margin of 1.39% and a return on equity of 8.87%. The business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same period in the previous year, the business earned $0.54 EPS. Hub Group’s revenue was up 13.0% compared to the same quarter last year. equities analysts predict that Hub Group will post 1.7 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Fieldpoint Private Securities LLC bought a new stake in shares of Hub Group during the 3rd quarter worth $100,000. Zions Bancorporation bought a new stake in shares of Hub Group during the 3rd quarter worth $143,000. Quantbot Technologies LP lifted its holdings in shares of Hub Group by 37.8% during the 2nd quarter. Quantbot Technologies LP now owns 3,338 shares of the transportation company’s stock worth $128,000 after acquiring an additional 915 shares during the last quarter. Public Employees Retirement System of Ohio lifted its holdings in shares of Hub Group by 12.7% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 5,079 shares of the transportation company’s stock worth $195,000 after acquiring an additional 573 shares during the last quarter. Finally, Quantitative Systematic Strategies LLC bought a new stake in shares of Hub Group during the 3rd quarter worth $278,000. 93.84% of the stock is owned by institutional investors.
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Hub Group Company Profile
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).
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