Hub Group (NASDAQ:HUBG) Stock Price Expected to Rise, Barclays Analyst Says

Hub Group (NASDAQ:HUBG) had its target price lifted by investment analysts at Barclays from $40.00 to $42.00 in a report issued on Thursday, Benzinga reports. The brokerage presently has an “equal weight” rating on the transportation company’s stock. Barclays‘s price target indicates a potential downside of 2.89% from the company’s current price.

Other research analysts also recently issued research reports about the stock. Stifel Nicolaus lowered their price objective on shares of Hub Group from $45.00 to $43.00 and set a “buy” rating on the stock in a report on Tuesday, August 6th. Evercore ISI upped their target price on shares of Hub Group from $41.00 to $43.00 and gave the stock an “in-line” rating in a research note on Thursday, October 3rd. TD Cowen upped their target price on shares of Hub Group from $43.00 to $49.00 and gave the stock a “hold” rating in a research note on Thursday. JPMorgan Chase & Co. upped their target price on shares of 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 upped their target price on shares of Hub Group from $42.00 to $48.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Ten research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $46.00.

Hub Group Stock Down 0.3 %

Hub Group stock opened at $43.25 on Thursday. 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 has a 12-month low of $33.38 and a 12-month high of $48.39. The firm’s fifty day moving average is $44.32 and its 200 day moving average is $43.44. The company has a market capitalization of $2.69 billion, a PE ratio of 24.57 and a beta of 0.88.

Hub Group (NASDAQ:HUBG) last released its quarterly earnings data on Wednesday, October 30th. The transportation company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.03. Hub Group had a net margin of 2.74% and a return on equity of 7.43%. The firm had revenue of $986.89 million for the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the prior year, the company posted $0.49 earnings per share. The business’s revenue was down 3.7% on a year-over-year basis. As a group, sell-side analysts predict that Hub Group will post 1.92 EPS for the current fiscal year.

Institutional Investors Weigh In On Hub Group

Several institutional investors have recently added to or reduced their stakes in the business. Family Firm Inc. purchased a new stake in shares of Hub Group in the second quarter worth about $26,000. GAMMA Investing LLC lifted its holdings in shares of Hub Group by 65.0% in the third quarter. GAMMA Investing LLC now owns 711 shares of the transportation company’s stock worth $32,000 after buying an additional 280 shares in the last quarter. Point72 Hong Kong Ltd purchased a new stake in shares of Hub Group in the second quarter worth about $34,000. Fidelis Capital Partners LLC purchased a new stake in shares of Hub Group in the first quarter worth about $38,000. Finally, EntryPoint Capital LLC purchased a new stake in shares of Hub Group in the first quarter worth about $52,000. 46.77% of the stock is owned by hedge funds and other institutional investors.

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.