Hub Group (NASDAQ:HUBG) had its price objective hoisted by Stephens to $55.00 in a research note published on Friday morning, The Fly reports. The brokerage currently has an overweight rating on the transportation company’s stock. The analysts noted that the move was a valuation call.

Several other research firms also recently commented on HUBG. BidaskClub raised shares of Hub Group from a sell rating to a hold rating in a report on Wednesday, November 7th. Cowen upped their price objective on shares of Hub Group from $52.00 to $56.00 and gave the company a market perform rating in a report on Monday, November 5th. BMO Capital Markets upped their price objective on shares of Hub Group from $50.00 to $54.00 and gave the company a market perform rating in a report on Tuesday, November 6th. Stifel Nicolaus raised shares of Hub Group from a hold rating to a buy rating and increased their price target for the stock from $53.00 to $58.00 in a report on Tuesday, November 6th. Finally, Morgan Stanley increased their price target on shares of Hub Group from $44.00 to $45.00 and gave the stock a hold rating in a report on Monday, October 29th. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of Hold and an average price target of $55.90.

HUBG stock opened at $44.73 on Friday. The firm has a market capitalization of $1.53 billion, a PE ratio of 17.14 and a beta of 1.64. The company has a current ratio of 1.12, a quick ratio of 1.54 and a debt-to-equity ratio of 0.24. Hub Group has a 12 month low of $34.02 and a 12 month high of $56.60.

Hub Group (NASDAQ:HUBG) last released its quarterly earnings data on Thursday, February 7th. The transportation company reported $1.01 EPS for the quarter, beating the consensus estimate of $0.90 by $0.11. The business had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $972.54 million. Hub Group had a net margin of 4.77% and a return on equity of 11.14%. The business’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.74 EPS. On average, research analysts expect that Hub Group will post 3.26 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. First Mercantile Trust Co. purchased a new position in Hub Group during the fourth quarter valued at $39,000. Quantamental Technologies LLC purchased a new position in Hub Group during the fourth quarter valued at $40,000. Acadian Asset Management LLC purchased a new position in Hub Group during the fourth quarter valued at $60,000. PNC Financial Services Group Inc. lifted its holdings in Hub Group by 28.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,076 shares of the transportation company’s stock valued at $76,000 after purchasing an additional 456 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Hub Group by 30.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,336 shares of the transportation company’s stock valued at $87,000 after purchasing an additional 544 shares in the last quarter. 91.51% of the stock is currently owned by hedge funds and other institutional investors.

About Hub Group

Hub Group, Inc, an asset-light freight transportation management company, provides intermodal, truck brokerage, and logistics services in North America. It operates through two segments, Mode and Hub. Its intermodal services include arranging for the movement of its customers' freight in containers and trailers over long distances.

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The Fly

Analyst Recommendations for Hub Group (NASDAQ:HUBG)

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