Hub Group, Inc. (HUBG) Stock Rating Reaffirmed by BMO Capital Markets
BMO Capital Markets reissued their hold rating on shares of Hub Group, Inc. (NASDAQ:HUBG) in a research note released on Wednesday. They currently have a $42.00 target price on the transportation company’s stock.
Other equities analysts have also recently issued research reports about the stock. Zacks Investment Research raised shares of Hub Group from a hold rating to a buy rating and set a $43.00 target price on the stock in a report on Wednesday, July 5th. Stifel Nicolaus raised shares of Hub Group from a hold rating to a buy rating and raised their target price for the stock from $44.00 to $45.00 in a report on Tuesday, May 30th. Cowen and Company reissued a hold rating and issued a $40.00 target price on shares of Hub Group in a report on Monday, August 28th. J P Morgan Chase & Co initiated coverage on shares of Hub Group in a report on Tuesday, May 23rd. They issued a neutral rating and a $37.00 target price on the stock. Finally, KeyCorp reissued a neutral rating on shares of Hub Group in a report on Friday, August 25th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. The stock presently has an average rating of Hold and an average target price of $40.83.
Hub Group (NASDAQ HUBG) opened at 41.50 on Wednesday. Hub Group has a 12 month low of $33.17 and a 12 month high of $52.50. The firm has a market cap of $1.42 billion, a PE ratio of 24.72 and a beta of 1.38. The company has a 50-day moving average price of $37.12 and a 200 day moving average price of $39.26.
Hub Group (NASDAQ:HUBG) last issued its earnings results on Wednesday, July 26th. The transportation company reported $0.29 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.08). Hub Group had a return on equity of 9.49% and a net margin of 1.50%. The business had revenue of $924.50 million during the quarter, compared to the consensus estimate of $930.59 million. During the same period in the prior year, the business earned $0.61 EPS. The business’s revenue was up 8.1% on a year-over-year basis. Equities research analysts anticipate that Hub Group will post $1.49 EPS for the current year.
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In other news, Director Charles R. Reaves sold 6,000 shares of Hub Group stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $37.60, for a total transaction of $225,600.00. Following the sale, the director now owns 67,947 shares of the company’s stock, valued at $2,554,807.20. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 5.36% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in HUBG. Quantbot Technologies LP bought a new stake in shares of Hub Group during the first quarter valued at approximately $112,000. Ameritas Investment Partners Inc. bought a new stake in shares of Hub Group during the first quarter valued at approximately $134,000. Public Employees Retirement System of Ohio raised its holdings in shares of Hub Group by 12.7% during the second quarter. Public Employees Retirement System of Ohio now owns 5,079 shares of the transportation company’s stock valued at $195,000 after buying an additional 573 shares during the last quarter. Stevens Capital Management LP bought a new stake in shares of Hub Group during the first quarter valued at approximately $203,000. Finally, Amalgamated Bank bought a new stake in shares of Hub Group during the first quarter valued at approximately $206,000. 91.06% of the stock is currently owned by institutional investors.
About Hub Group
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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