Hub Group (NASDAQ:HUBG) Price Target Lowered to $48.00 at Susquehanna

Hub Group (NASDAQ:HUBG) had its price target reduced by analysts at Susquehanna from $50.00 to $48.00 in a report released on Friday, Benzinga reports. The brokerage presently has a “neutral” rating on the transportation company’s stock. Susquehanna’s price objective would suggest a potential upside of 11.47% from the company’s current price.

Other equities research analysts have also issued research reports about the stock. Stifel Nicolaus cut their price target 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. JPMorgan Chase & Co. boosted their price target on shares of Hub Group from $43.00 to $51.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Benchmark restated a “buy” rating and set a $47.00 price target on shares of Hub Group in a report on Tuesday, September 17th. UBS Group boosted their price target on shares of Hub Group from $42.00 to $48.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Finally, TD Cowen boosted their price target on shares of Hub Group from $43.00 to $49.00 and gave the company a “hold” rating in a report on Thursday. Ten equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $46.00.

Hub Group Price Performance

Shares of NASDAQ HUBG traded down $0.33 during midday trading on Friday, reaching $43.06. The company’s stock had a trading volume of 86,882 shares, compared to its average volume of 445,154. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.13. The company has a 50 day moving average price of $44.33 and a 200 day moving average price of $43.42. Hub Group has a one year low of $33.38 and a one year high of $48.39. The company has a market cap of $2.68 billion, a price-to-earnings ratio of 24.37 and a beta of 0.88.

Hub Group (NASDAQ:HUBG) last released its earnings results on Wednesday, October 30th. The transportation company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. Hub Group had a net margin of 2.74% and a return on equity of 7.43%. The business had revenue of $986.89 million for the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the previous year, the firm earned $0.49 EPS. The business’s revenue for the quarter was down 3.7% on a year-over-year basis. On average, equities research analysts expect that Hub Group will post 1.92 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Hub Group by 99.1% during the first quarter. Vanguard Group Inc. now owns 6,883,930 shares of the transportation company’s stock worth $297,523,000 after buying an additional 3,427,047 shares in the last quarter. Pacer Advisors Inc. grew its holdings in shares of Hub Group by 0.4% during the second quarter. Pacer Advisors Inc. now owns 2,356,564 shares of the transportation company’s stock worth $101,450,000 after buying an additional 8,700 shares in the last quarter. Select Equity Group L.P. boosted its position in Hub Group by 19.4% during the second quarter. Select Equity Group L.P. now owns 1,836,354 shares of the transportation company’s stock valued at $79,055,000 after purchasing an additional 298,390 shares during the last quarter. American Century Companies Inc. boosted its position in Hub Group by 6.1% during the second quarter. American Century Companies Inc. now owns 1,322,166 shares of the transportation company’s stock valued at $56,919,000 after purchasing an additional 76,431 shares during the last quarter. Finally, William Blair Investment Management LLC boosted its position in Hub Group by 99.5% during the first quarter. William Blair Investment Management LLC now owns 841,980 shares of the transportation company’s stock valued at $36,390,000 after purchasing an additional 419,873 shares during the last quarter. 46.77% of the stock is currently owned by 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.