Somewhat Positive Media Coverage Somewhat Unlikely to Affect Hub Group (HUBG) Share Price
Media stories about Hub Group (NASDAQ:HUBG) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Hub Group earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned press coverage about the transportation company an impact score of 47.0892194950634 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Several equities research analysts recently commented on HUBG shares. Cowen and Company cut their price target on shares of Hub Group from $42.00 to $40.00 and set a “market perform” rating for the company in a report on Thursday, July 27th. Barclays PLC cut their price target on shares of Hub Group from $40.00 to $38.00 and set an “underweight” rating for the company in a report on Thursday, July 27th. Zacks Investment Research lowered shares of Hub Group from a “hold” rating to a “sell” rating in a report on Monday, July 31st. BidaskClub lowered shares of Hub Group from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 1st. Finally, KeyCorp reissued a “neutral” rating on shares of Hub Group in a report on Friday, August 25th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the stock. Hub Group currently has a consensus rating of “Hold” and an average price target of $45.36.
Shares of Hub Group (NASDAQ HUBG) opened at $43.80 on Friday. Hub Group has a 1-year low of $33.17 and a 1-year high of $52.50. The stock has a market cap of $1,463.45, a price-to-earnings ratio of 25.09, a PEG ratio of 1.70 and a beta of 1.46. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.33.
Hub Group (NASDAQ:HUBG) last released its earnings results on Thursday, October 26th. The transportation company reported $0.46 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.06. Hub Group had a net margin of 1.39% and a return on equity of 8.87%. The business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the prior year, the firm earned $0.54 earnings per share. The company’s revenue for the quarter was up 13.0% compared to the same quarter last year. equities research analysts forecast that Hub Group will post 1.69 EPS for the current fiscal year.
In related news, Director Charles R. Reaves sold 6,000 shares of the company’s stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $37.60, for a total value of $225,600.00. Following the completion of the sale, the director now owns 67,947 shares of the company’s stock, valued at $2,554,807.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 5.36% of the company’s stock.
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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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