Hub Group (NASDAQ:HUBG) Price Target Cut to $83.00

Hub Group (NASDAQ:HUBG) had its price objective dropped by analysts at Wells Fargo & Company from $86.00 to $83.00 in a research report issued on Thursday, Benzinga reports. The firm presently has an “overweight” rating on the transportation company’s stock. Wells Fargo & Company‘s target price points to a potential upside of 16.15% from the stock’s previous close.

HUBG has been the topic of a number of other research reports. Evercore ISI reaffirmed a “buy” rating and issued a $83.00 price target on shares of Hub Group in a research report on Friday, July 30th. Stifel Nicolaus assumed coverage on Hub Group in a research report on Monday, June 21st. They set a “buy” rating on the stock. Zacks Investment Research raised Hub Group from a “hold” rating to a “buy” rating and set a $78.00 target price on the stock in a research report on Wednesday, October 6th. Morgan Stanley raised their target price on Hub Group from $60.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Monday, October 4th. Finally, Cowen raised their target price on Hub Group from $77.00 to $83.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 22nd. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $77.18.

HUBG opened at $71.46 on Thursday. The stock’s 50-day moving average price is $68.61 and its 200 day moving average price is $67.88. Hub Group has a 12-month low of $47.52 and a 12-month high of $74.95. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.12. The firm has a market cap of $2.46 billion, a price-to-earnings ratio of 26.47 and a beta of 1.00.

Hub Group (NASDAQ:HUBG) last posted its earnings results on Thursday, July 29th. The transportation company reported $0.78 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.07. The firm had revenue of $981.32 million for the quarter, compared to analyst estimates of $958.20 million. Hub Group had a return on equity of 8.18% and a net margin of 2.41%. On average, research analysts forecast that Hub Group will post 3.66 earnings per share for the current year.

A number of large investors have recently added to or reduced their stakes in HUBG. Dark Forest Capital Management LP purchased a new position in shares of Hub Group in the 2nd quarter valued at approximately $79,000. William Blair Investment Management LLC acquired a new stake in shares of Hub Group in the 2nd quarter valued at approximately $87,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Hub Group in the 2nd quarter valued at approximately $96,000. Pinz Capital Management LP acquired a new stake in shares of Hub Group in the 2nd quarter valued at approximately $112,000. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of Hub Group by 33.1% in the 2nd quarter. PNC Financial Services Group Inc. now owns 2,451 shares of the transportation company’s stock valued at $162,000 after buying an additional 609 shares during the period. Hedge funds and other institutional investors own 91.39% of the company’s stock.

Hub Group Company Profile

Hub Group, Inc engages in the provision of multi-modal transportation and logistics solutions. Its solutions include intermodal transportation, truck brokerage, asset trucking, and dedicated trucking. It serves the retail, e-commerce, paper, chemical, healthcare, glass, private equity, and automotive industries.

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Analyst Recommendations for Hub Group (NASDAQ:HUBG)

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