Stifel Nicolaus Downgrades Hub Group Inc. (HUBG) to Hold
Hub Group Inc. (NASDAQ:HUBG) was downgraded by equities research analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday. They presently have a $44.00 target price on the stock. Stifel Nicolaus’ price objective points to a potential upside of 1.38% from the company’s current price. The analysts noted that the move was a valuation call.
A number of other analysts also recently commented on HUBG. BMO Capital Markets reiterated a “hold” rating and issued a $40.00 target price on shares of Hub Group in a report on Wednesday, July 27th. Barclays PLC lifted their price objective on shares of Hub Group from $42.00 to $43.00 and gave the stock an “underweight” rating in a research note on Monday, September 12th. Finally, Cowen and Company began coverage on shares of Hub Group in a report on Wednesday, August 17th. They set a “market perform” rating and a $43.00 target price on the stock. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $40.60.
Hub Group (NASDAQ:HUBG) opened at 43.40 on Tuesday. Hub Group has a one year low of $28.19 and a one year high of $43.60. The firm has a 50-day moving average of $39.57 and a 200-day moving average of $40.00. The stock has a market capitalization of $1.47 billion, a PE ratio of 19.01 and a beta of 1.15.
Hub Group (NASDAQ:HUBG) last released its earnings results on Wednesday, October 26th. The company reported $0.54 EPS for the quarter, missing analysts’ consensus estimates 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 earned $932.81 million during the quarter, compared to the consensus estimate of $393.30 million. During the same quarter in the previous year, the firm earned $0.55 earnings per share. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. On average, equities research analysts forecast that Hub Group will post $2.21 earnings per share for the current year.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Municipal Employees Retirement System of Michigan increased its position in shares of Hub Group by 0.9% in the third quarter. Municipal Employees Retirement System of Michigan now owns 13,700 shares of the company’s stock valued at $558,000 after buying an additional 120 shares in the last quarter. PineBridge Investments L.P. increased 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 in the last quarter. HighTower Advisors LLC increased its position in shares of Hub Group by 0.6% in the third quarter. HighTower Advisors LLC now owns 33,620 shares of the company’s stock valued at $1,371,000 after buying an additional 212 shares in the last quarter. Anchor Capital Advisors LLC increased its position in shares of Hub Group by 1.2% in the second quarter. Anchor Capital Advisors LLC now owns 29,511 shares of the company’s stock valued at $1,132,000 after buying an additional 345 shares in the last quarter. Finally, Public Employees Retirement System of Ohio increased its position in shares of Hub Group by 8.2% in the second quarter. Public Employees Retirement System of Ohio now owns 4,546 shares of the company’s stock valued at $174,000 after buying an additional 345 shares in the last quarter. Institutional investors own 97.24% of the company’s stock.
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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. 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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