Hub Group (NASDAQ:HUBG) PT Raised to $43.00 at Evercore ISI

Hub Group (NASDAQ:HUBG) had its price objective upped by stock analysts at Evercore ISI from $41.00 to $43.00 in a research report issued on Thursday, Benzinga reports. The firm presently has an “in-line” rating on the transportation company’s stock. Evercore ISI’s price target indicates a potential upside of 1.42% from the company’s current price.

Several other research firms also recently commented on HUBG. Stifel Nicolaus dropped their price objective on shares of Hub Group from $45.00 to $43.00 and set a “buy” rating for the company in a report on Tuesday, August 6th. Benchmark reiterated a “buy” rating and set a $47.00 target price on shares of Hub Group in a research report on Tuesday, September 17th. TD Cowen downgraded shares of Hub Group from a “buy” rating to a “hold” rating and lowered their price target for the company from $50.00 to $43.00 in a report on Thursday, July 18th. JPMorgan Chase & Co. boosted their price objective on Hub Group from $43.00 to $51.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Finally, UBS Group lifted their target price on Hub Group from $42.00 to $48.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Ten research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $45.29.

Hub Group Stock Performance

NASDAQ HUBG opened at $42.40 on Thursday. The business has a 50-day moving average price of $44.45 and a 200-day moving average price of $43.21. The firm has a market cap of $2.64 billion, a price-to-earnings ratio of 20.19 and a beta of 0.88. Hub Group has a twelve month low of $31.73 and a twelve month high of $48.39. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.13.

Hub Group (NASDAQ:HUBG) last announced its quarterly earnings data on Thursday, August 1st. The transportation company reported $0.47 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.47. The business had revenue of $986.50 million during the quarter, compared to analyst estimates of $1.09 billion. Hub Group had a net margin of 2.89% and a return on equity of 7.37%. The company’s revenue was down 5.2% on a year-over-year basis. During the same period last year, the firm posted $0.72 EPS. As a group, equities research analysts predict that Hub Group will post 1.93 EPS for the current fiscal year.

Institutional Investors Weigh In On Hub Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HUBG. Illinois Municipal Retirement Fund grew its stake in Hub Group by 105.0% in the first quarter. Illinois Municipal Retirement Fund now owns 35,192 shares of the transportation company’s stock worth $1,521,000 after purchasing an additional 18,023 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Hub Group by 111.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 42,792 shares of the transportation company’s stock valued at $1,850,000 after buying an additional 22,542 shares during the period. UniSuper Management Pty Ltd purchased a new position in shares of Hub Group during the first quarter valued at $567,000. Seven Eight Capital LP raised its holdings in shares of Hub Group by 509.7% in the first quarter. Seven Eight Capital LP now owns 25,546 shares of the transportation company’s stock valued at $1,104,000 after acquiring an additional 21,356 shares in the last quarter. Finally, Retirement Systems of Alabama lifted its stake in Hub Group by 102.0% in the first quarter. Retirement Systems of Alabama now owns 104,910 shares of the transportation company’s stock worth $4,534,000 after acquiring an additional 52,986 shares during the period. Institutional investors own 46.77% of the company’s stock.

About Hub Group

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.