Hub Group Inc. (NASDAQ:HUBG) Receives Consensus Rating of “Hold” from Analysts
Hub Group Inc. (NASDAQ:HUBG) has earned an average recommendation of “Hold” from the fourteen research firms that are covering the company. One investment analyst has rated the stock with a sell recommendation, ten have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $39.89.
A number of equities research analysts have recently issued reports on HUBG shares. Barclays PLC upped their price objective on shares of Hub Group from $42.00 to $43.00 and gave the company an “underweight” rating in a research note on Monday, September 12th. Cowen and Company started coverage on shares of Hub Group in a research note on Wednesday, August 17th. They issued a “market perform” rating and a $43.00 price objective for the company. BMO Capital Markets reaffirmed a “hold” rating and issued a $40.00 price objective on shares of Hub Group in a research note on Wednesday, July 27th. Finally, Zacks Investment Research raised shares of Hub Group from a “sell” rating to a “hold” rating in a research note on Thursday, July 7th.
Hub Group (NASDAQ:HUBG) traded down 0.74% during midday trading on Tuesday, reaching $40.17. 61,765 shares of the company’s stock were exchanged. The company has a market cap of $1.37 billion, a price-to-earnings ratio of 17.53 and a beta of 1.09. The firm has a 50-day moving average price of $40.95 and a 200 day moving average price of $39.86. Hub Group has a 12-month low of $28.19 and a 12-month high of $43.51.
Hub Group (NASDAQ:HUBG) last released its quarterly earnings results on Tuesday, July 26th. The company reported $0.61 EPS for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.03. Hub Group had a net margin of 2.34% and a return on equity of 13.34%. The business earned $855.60 million during the quarter, compared to analysts’ expectations of $881.40 million. During the same quarter in the previous year, the company earned $0.51 EPS. The business’s quarterly revenue was down 4.9% compared to the same quarter last year. On average, analysts expect that Hub Group will post $2.29 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently modified their holdings of the company. Acrospire Investment Management LLC bought a new position in shares of Hub Group during the first quarter valued at approximately $114,000. Huntington National Bank raised its position in shares of Hub Group by 25.6% in the second quarter. Huntington National Bank now owns 3,156 shares of the company’s stock valued at $121,000 after buying an additional 644 shares during the last quarter. BlackRock Inc. raised its position in shares of Hub Group by 117.6% in the first quarter. BlackRock Inc. now owns 3,497 shares of the company’s stock valued at $143,000 after buying an additional 1,890 shares during the last quarter. BlackRock Japan Co. Ltd raised its position in shares of Hub Group by 390.5% in the first quarter. BlackRock Japan Co. Ltd now owns 3,816 shares of the company’s stock valued at $156,000 after buying an additional 3,038 shares during the last quarter. Finally, PineBridge Investments L.P. raised its position in shares of Hub Group by 3.4% in the second quarter. PineBridge Investments L.P. now owns 4,339 shares of the company’s stock valued at $166,000 after buying an additional 143 shares during the last quarter. Institutional investors and hedge funds own 95.85% of the company’s stock.
Hub Group Company Profile
Hub Group, Inc is an asset-light freight transportation management company. The Company offers intermodal, truck brokerage and logistics services. The Company 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 who enter into contractual arrangements with Mode LLC.
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