Evercore ISI Cuts Hub Group (NASDAQ:HUBG) Price Target to $44.00

Hub Group (NASDAQ:HUBG) had its target price decreased by research analysts at Evercore ISI from $46.00 to $44.00 in a research note issued on Friday, Benzinga reports. The firm currently has an “outperform” rating on the transportation company’s stock. Evercore ISI’s price target indicates a potential upside of 9.29% from the company’s previous close.

Several other equities analysts have also recently issued reports on the stock. Stephens decreased their price target on shares of Hub Group from $44.00 to $42.00 and set an “equal weight” rating for the company in a research report on Friday. Stifel Nicolaus raised their target price on Hub Group from $49.50 to $52.00 and gave the stock a “buy” rating in a research report on Wednesday, January 10th. Benchmark reaffirmed a “buy” rating and set a $49.00 target price on shares of Hub Group in a report on Wednesday, April 10th. StockNews.com raised Hub Group from a “sell” rating to a “hold” rating in a research note on Friday, March 1st. Finally, Susquehanna lowered their price objective on Hub Group from $49.00 to $46.00 and set a “neutral” rating for the company in a research report on Monday, March 25th. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $46.33.

Hub Group Price Performance

HUBG stock traded up $0.07 during midday trading on Friday, reaching $40.26. 233,620 shares of the stock were exchanged, compared to its average volume of 490,471. Hub Group has a 52 week low of $31.73 and a 52 week high of $47.58. The company has a fifty day moving average price of $41.97 and a 200 day moving average price of $41.58. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.29 and a quick ratio of 1.29. The stock has a market capitalization of $2.53 billion, a PE ratio of 15.49 and a beta of 0.89.

Hub Group (NASDAQ:HUBG) last released its quarterly earnings results on Thursday, April 25th. The transportation company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.04. Hub Group had a return on equity of 10.56% and a net margin of 3.99%. The company had revenue of $1,000.00 million for the quarter, compared to analysts’ expectations of $1.05 billion. During the same period in the previous year, the business posted $0.94 earnings per share. The business’s quarterly revenue was down 16.7% compared to the same quarter last year. As a group, analysts expect that Hub Group will post 2.19 EPS for the current fiscal year.

Hedge Funds Weigh In On Hub Group

A number of institutional investors and hedge funds have recently made changes to their positions in HUBG. Anchor Investment Management LLC bought a new position in Hub Group in the fourth quarter worth approximately $37,000. Adirondack Trust Co. acquired a new stake in Hub Group in the 3rd quarter valued at $39,000. Versant Capital Management Inc grew its position in Hub Group by 109.2% in the 1st quarter. Versant Capital Management Inc now owns 1,096 shares of the transportation company’s stock valued at $47,000 after purchasing an additional 572 shares during the period. Exchange Traded Concepts LLC increased its stake in Hub Group by 60.3% during the 3rd quarter. Exchange Traded Concepts LLC now owns 795 shares of the transportation company’s stock valued at $62,000 after purchasing an additional 299 shares in the last quarter. Finally, Headlands Technologies LLC acquired a new position in Hub Group during the third quarter worth $63,000. Institutional investors own 46.77% of the company’s stock.

Hub Group Company Profile

Hub Group, Inc, a supply chain solutions provider, offers transportation and logistics management services in North America. The company's transportation services include intermodal, truckload, less-than-truckload, flatbed, temperature-controlled, and dedicated and regional trucking, as well as final mile, railcar, small parcel, and international transportation.