Robert W. Baird upgraded shares of Hub Group (NASDAQ:HUBG) from a neutral rating to an outperform rating in a report published on Tuesday morning. Robert W. Baird currently has $55.00 target price on the transportation company’s stock, up from their previous target price of $45.00.

A number of other research analysts have also recently issued reports on HUBG. Stephens reiterated an overweight rating and issued a $57.00 target price (up previously from $50.00) on shares of Hub Group in a research note on Thursday, December 14th. Barclays lifted their target price on shares of Hub Group from $38.00 to $40.00 and gave the company an underweight rating in a research note on Monday, October 2nd. KeyCorp reiterated a hold rating on shares of Hub Group in a research note on Tuesday, September 26th. Zacks Investment Research cut shares of Hub Group from a buy rating to a hold rating in a research note on Friday, October 6th. Finally, Loop Capital began coverage on shares of Hub Group in a research note on Tuesday, October 3rd. They issued a hold rating and a $47.00 target price for the company. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of $47.58.

Shares of Hub Group (NASDAQ:HUBG) traded up $1.70 on Tuesday, reaching $48.40. 516,300 shares of the company’s stock were exchanged, compared to its average volume of 323,343. The company has a market capitalization of $1,593.08, a PE ratio of 27.31, a price-to-earnings-growth ratio of 1.83 and a beta of 1.49. 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 has a 1 year low of $33.17 and a 1 year high of $52.50.

Hub Group (NASDAQ:HUBG) last posted its earnings results on Thursday, October 26th. The transportation company reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.06. Hub Group had a net margin of 1.39% and a return on equity of 8.87%. The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter in the previous year, the company posted $0.54 earnings per share. Hub Group’s quarterly revenue was up 13.0% compared to the same quarter last year. analysts expect that Hub Group will post 1.7 earnings per share for the current fiscal year.

Hedge funds have recently bought and sold shares of the stock. Fieldpoint Private Securities LLC bought a new position in Hub Group in the 3rd quarter worth approximately $100,000. Quantbot Technologies LP raised its position in Hub Group by 37.8% in the 2nd quarter. Quantbot Technologies LP now owns 3,338 shares of the transportation company’s stock worth $128,000 after purchasing an additional 915 shares during the last quarter. Zions Bancorporation bought a new position in Hub Group in the 3rd quarter worth approximately $143,000. Public Employees Retirement System of Ohio raised its position in Hub Group by 12.7% in the 2nd 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 last quarter. Finally, US Bancorp DE raised its position in Hub Group by 235.9% in the 2nd quarter. US Bancorp DE now owns 5,525 shares of the transportation company’s stock worth $212,000 after purchasing an additional 3,880 shares during the last quarter. Hedge funds and other institutional investors own 93.84% 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. 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).

Analyst Recommendations for Hub Group (NASDAQ:HUBG)

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