Hub Group, Inc. (HUBG) Upgraded by Zacks Investment Research to “Buy”
Hub Group, Inc. (NASDAQ:HUBG) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Monday. The firm currently has a $48.00 price target on the transportation company’s stock. Zacks Investment Research‘s price objective indicates a potential upside of 11.50% from the stock’s previous close.
According to Zacks, “Hub Group, Inc. is a full service transportation provider, offering intermodal, truck brokerage and comprehensive logistics services. “
Other research analysts also recently issued research reports about the company. Barclays PLC upped their target price on Hub Group from $38.00 to $40.00 and gave the stock an “underweight” rating in a report on Monday. Stifel Nicolaus reissued a “buy” rating and issued a $50.00 target price on shares of Hub Group in a research report on Sunday. KeyCorp restated a “hold” rating on shares of Hub Group in a research note on Tuesday, September 26th. BMO Capital Markets restated a “hold” rating and issued a $42.00 target price on shares of Hub Group in a research note on Wednesday, September 20th. Finally, Cowen and Company dropped their price target on Hub Group from $42.00 to $40.00 and set a “market perform” rating on the stock in a research report on Thursday, July 27th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $42.83.
Hub Group (HUBG) traded up 0.23% during midday trading on Monday, reaching $43.05. 338,314 shares of the company’s stock traded hands. The company’s 50-day moving average price is $39.19 and its 200-day moving average price is $38.82. Hub Group has a 52-week low of $33.17 and a 52-week high of $52.50. The stock has a market cap of $1.44 billion, a P/E ratio of 25.47 and a beta of 1.41.
Hub Group (NASDAQ:HUBG) last released its quarterly 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 company had revenue of $924.50 million during the quarter, compared to the consensus estimate of $930.59 million. During the same period in the previous year, the company earned $0.61 earnings per share. Hub Group’s quarterly revenue was up 8.1% on a year-over-year basis. On average, equities analysts predict that Hub Group will post $1.49 EPS for the current fiscal year.
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In related news, Director Charles R. Reaves sold 6,000 shares of the company’s stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $37.60, for a total value of $225,600.00. Following the sale, the director now owns 67,947 shares in the company, valued at approximately $2,554,807.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 5.36% of the company’s stock.
Hedge funds have recently bought and sold shares of the stock. Quantbot Technologies LP purchased a new position in Hub Group during the first quarter valued at $112,000. Ameritas Investment Partners Inc. bought a new stake in Hub Group in the first quarter worth $134,000. Public Employees Retirement System of Ohio boosted its holdings in Hub Group by 12.7% in the second 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 in the last quarter. Stevens Capital Management LP bought a new stake in Hub Group in the first quarter worth $203,000. Finally, Amalgamated Bank bought a new stake in Hub Group in the first quarter worth $206,000. 91.06% of the stock is owned by institutional investors.
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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