Hub Group Inc. (HUBG) Receives Consensus Recommendation of “Hold” from Brokerages
Shares of Hub Group Inc. (NASDAQ:HUBG) have been given a consensus rating of “Hold” by the fourteen brokerages that are covering the company. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $40.56.
HUBG has been the topic of several recent research reports. BMO Capital Markets reiterated a “hold” rating and set a $40.00 target price on shares of Hub Group in a research report on Wednesday, July 27th. Cowen and Company initiated coverage on shares of Hub Group in a research report on Wednesday, August 17th. They set a “market perform” rating and a $43.00 target price on the stock. Barclays PLC lifted their target price on shares of Hub Group from $42.00 to $43.00 and gave the stock an “underweight” rating in a research report on Monday, September 12th. Finally, Stifel Nicolaus upgraded shares of Hub Group from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a research report on Friday, October 28th.
Shares of Hub Group (NASDAQ:HUBG) opened at 41.55 on Wednesday. The stock’s 50 day moving average is $39.04 and its 200 day moving average is $39.79. Hub Group has a 12 month low of $28.19 and a 12 month high of $43.51. The company has a market cap of $1.41 billion, a P/E ratio of 18.20 and a beta of 1.15.
Hub Group (NASDAQ:HUBG) last posted its earnings results on Wednesday, October 26th. The company reported $0.54 EPS for the quarter, missing the consensus estimate of $0.55 by $0.01. Hub Group had a return on equity of 13.12% and a net margin of 2.27%. The business had revenue of $932.81 million for the quarter, compared to analyst estimates of $393.30 million. During the same quarter in the prior year, the business earned $0.55 earnings per share. The firm’s quarterly revenue was up 3.7% on a year-over-year basis. On average, analysts anticipate that Hub Group will post $2.21 EPS for the current fiscal year.
Several hedge funds have recently added to or reduced their stakes in HUBG. Morgan Stanley raised its stake in Hub Group by 8.6% in the third quarter. Morgan Stanley now owns 167,104 shares of the company’s stock valued at $6,811,000 after buying an additional 13,215 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of Hub Group by 2.0% in the third quarter. Principal Financial Group Inc. now owns 254,886 shares of the company’s stock worth $10,389,000 after buying an additional 4,957 shares during the period. Quadrature Capital Ltd acquired a new stake in shares of Hub Group during the third quarter worth approximately $341,000. Princeton Alpha Management LP raised its stake in shares of Hub Group by 80.4% in the third quarter. Princeton Alpha Management LP now owns 12,809 shares of the company’s stock worth $522,000 after buying an additional 5,707 shares during the period. Finally, California State Teachers Retirement System raised its stake in shares of Hub Group by 1.0% in the third quarter. California State Teachers Retirement System now owns 71,014 shares of the company’s stock worth $2,895,000 after buying an additional 700 shares during the period. Institutional investors own 97.36% 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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