Hub Group (NASDAQ:HUBG) Stock Rating Upgraded by Zacks Research

Hub Group (NASDAQ:HUBG) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Monday,Zacks.com reports.

Other research analysts also recently issued research reports about the company. Robert W. Baird decreased their price objective on Hub Group from $44.00 to $42.00 and set an “outperform” rating on the stock in a research note on Monday, August 4th. JPMorgan Chase & Co. raised their target price on shares of Hub Group from $41.00 to $42.00 and gave the stock a “neutral” rating in a research note on Friday, October 31st. Barclays lowered their price target on shares of Hub Group from $40.00 to $38.00 and set an “equal weight” rating on the stock in a report on Thursday, October 2nd. BMO Capital Markets upped their price target on shares of Hub Group from $38.00 to $40.00 and gave the stock a “market perform” rating in a research report on Monday, November 3rd. Finally, Raymond James Financial set a $40.00 price objective on shares of Hub Group and gave the company an “outperform” rating in a research report on Tuesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, Hub Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $39.83.

Hub Group Stock Performance

Shares of NASDAQ:HUBG traded up $0.35 during trading on Monday, hitting $40.20. The company’s stock had a trading volume of 97,465 shares, compared to its average volume of 599,122. The company has a 50-day moving average of $35.78 and a 200-day moving average of $35.34. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.47 and a quick ratio of 1.47. The firm has a market cap of $2.46 billion, a price-to-earnings ratio of 23.20, a P/E/G ratio of 1.38 and a beta of 1.16. Hub Group has a 12 month low of $30.75 and a 12 month high of $51.38.

Hub Group (NASDAQ:HUBG) last released its quarterly earnings results on Thursday, October 30th. The transportation company reported $0.49 earnings per share for the quarter, hitting the consensus estimate of $0.49. Hub Group had a net margin of 2.82% and a return on equity of 6.58%. The business had revenue of $934.50 million for the quarter, compared to the consensus estimate of $937.78 million. During the same period last year, the firm earned $0.52 earnings per share. The company’s quarterly revenue was down 5.3% on a year-over-year basis. Hub Group has set its FY 2025 guidance at 1.800-1.900 EPS. On average, sell-side analysts expect that Hub Group will post 2.2 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Amalgamated Bank lifted its position in shares of Hub Group by 1.8% during the third quarter. Amalgamated Bank now owns 17,597 shares of the transportation company’s stock worth $606,000 after purchasing an additional 311 shares during the last quarter. Smartleaf Asset Management LLC grew its position in Hub Group by 33.4% during the 2nd quarter. Smartleaf Asset Management LLC now owns 1,282 shares of the transportation company’s stock worth $44,000 after purchasing an additional 321 shares during the last quarter. Baird Financial Group Inc. lifted its position in Hub Group by 0.4% during the 2nd quarter. Baird Financial Group Inc. now owns 90,318 shares of the transportation company’s stock worth $3,019,000 after acquiring an additional 329 shares during the period. New York State Common Retirement Fund lifted its stake in Hub Group by 2.1% during the 2nd quarter. New York State Common Retirement Fund now owns 19,327 shares of the transportation company’s stock valued at $646,000 after acquiring an additional 397 shares during the period. Finally, Vident Advisory LLC grew its position in Hub Group by 3.3% during the 1st quarter. Vident Advisory LLC now owns 13,239 shares of the transportation company’s stock worth $492,000 after purchasing an additional 427 shares during the period. 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.