Brokerages Set Hub Group, Inc. (NASDAQ:HUBG) PT at $64.18


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Hub Group, Inc. (NASDAQ:HUBG) has been given a consensus rating of “Buy” by the thirteen brokerages that are currently covering the stock, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $64.64.

A number of research firms recently commented on HUBG. UBS Group raised Hub Group from a “neutral” rating to a “buy” rating and increased their target price for the company from $58.00 to $67.00 in a research note on Friday, February 19th. Evercore ISI raised Hub Group from an “in-line” rating to an “outperform” rating and increased their target price for the company from $64.00 to $66.00 in a research note on Monday, February 8th. Zacks Investment Research cut Hub Group from a “buy” rating to a “hold” rating in a research note on Friday, January 8th. Susquehanna reduced their target price on Hub Group from $74.00 to $72.00 and set a “positive” rating on the stock in a research note on Friday, February 5th. Finally, Morgan Stanley increased their target price on Hub Group from $50.00 to $55.00 and gave the company an “equal weight” rating in a research note on Tuesday.

In other news, EVP Vava Dimond sold 13,971 shares of the stock in a transaction dated Friday, March 5th. The shares were sold at an average price of $60.35, for a total transaction of $843,149.85. Following the completion of the sale, the executive vice president now directly owns 67,128 shares in the company, valued at $4,051,174.80. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 5.12% of the company’s stock.

Several institutional investors have recently bought and sold shares of HUBG. Acadian Asset Management LLC purchased a new stake in shares of Hub Group during the third quarter worth about $48,000. AXA S.A. purchased a new stake in shares of Hub Group during the third quarter worth about $231,000. Guggenheim Capital LLC purchased a new stake in Hub Group in the third quarter worth about $359,000. State of Tennessee Treasury Department lifted its holdings in Hub Group by 21.5% in the third quarter. State of Tennessee Treasury Department now owns 20,437 shares of the transportation company’s stock worth $1,026,000 after buying an additional 3,612 shares during the period. Finally, Point72 Asset Management L.P. purchased a new stake in Hub Group in the third quarter worth about $6,623,000. Institutional investors own 89.21% of the company’s stock.

Hub Group stock opened at $65.62 on Monday. The stock has a market cap of $2.26 billion, a P/E ratio of 27.69 and a beta of 1.00. Hub Group has a fifty-two week low of $37.00 and a fifty-two week high of $68.91. The firm’s fifty day moving average price is $63.10 and its 200-day moving average price is $56.93. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.39 and a current ratio of 1.39.

Hub Group (NASDAQ:HUBG) last released its quarterly earnings results on Thursday, February 4th. The transportation company reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.15. The firm had revenue of $952.73 million for the quarter, compared to analysts’ expectations of $929.68 million. Hub Group had a net margin of 2.30% and a return on equity of 8.05%. Sell-side analysts predict that Hub Group will post 2.46 earnings per share for the current year.

About Hub Group

Hub Group, Inc, an asset-light freight transportation management company, provides intermodal, truck brokerage, trucking, managed transportation, freight consolidation, warehousing, last mile delivery, international transportation, and other logistics services in North America. Its intermodal services include arranging for the movement of its customers' freight in containers and trailers over distances of 750 miles or more.

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Analyst Recommendations for Hub Group (NASDAQ:HUBG)

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