Hub Group, Inc. (HUBG) Stock Rating Reaffirmed by Stifel Nicolaus
Hub Group, Inc. (NASDAQ:HUBG)‘s stock had its “buy” rating restated by research analysts at Stifel Nicolaus in a research note issued to investors on Sunday. They currently have a $50.00 price objective on the transportation company’s stock. Stifel Nicolaus’ price target would indicate a potential upside of 16.14% from the company’s previous close.
Other analysts have also issued research reports about the company. KeyCorp reaffirmed a “neutral” rating on shares of Hub Group in a report on Friday, August 25th. Cowen and Company reiterated a “hold” rating and set a $40.00 price target on shares of Hub Group in a report on Monday, August 28th. BidaskClub lowered Hub Group from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 22nd. Barclays PLC reduced their price objective on Hub Group from $40.00 to $38.00 and set an “underweight” rating for the company in a research report on Thursday, July 27th. Finally, Zacks Investment Research cut Hub Group from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $42.83.
Hub Group (NASDAQ HUBG) opened at 43.05 on Friday. Hub Group has a 12 month low of $33.17 and a 12 month high of $52.50. The firm has a market capitalization of $1.47 billion, a price-to-earnings ratio of 25.64 and a beta of 1.41. The firm has a 50 day moving average price of $39.19 and a 200-day moving average price of $38.82.
Hub Group (NASDAQ:HUBG) last posted its quarterly earnings data on Wednesday, July 26th. The transportation company reported $0.29 EPS for the quarter, missing analysts’ consensus estimates 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 quarter in the previous year, the firm posted $0.61 earnings per share. The company’s revenue for the quarter was up 8.1% on a year-over-year basis. On average, equities analysts forecast that Hub Group will post $1.49 EPS for the current year.
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 approximately $2,554,807.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 5.36% of the stock is currently owned by company insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quantbot Technologies LP acquired a new position in shares of Hub Group in the first quarter valued at $112,000. Ameritas Investment Partners Inc. bought a new position in Hub Group in the first quarter worth $134,000. Stevens Capital Management LP bought a new position in Hub Group in the first quarter worth $203,000. Amalgamated Bank bought a new position in Hub Group in the first quarter worth $206,000. Finally, Public Employees Retirement System of Ohio lifted its position 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 purchasing an additional 573 shares during the period. Institutional investors and hedge funds own 91.06% of the company’s stock.
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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