Hub Group’s (HUBG) “Buy” Rating Reiterated at Benchmark

Hub Group (NASDAQ:HUBG)‘s stock had its “buy” rating restated by investment analysts at Benchmark in a research note issued to investors on Friday, Benzinga reports. They presently have a $49.00 price target on the transportation company’s stock. Benchmark’s target price would indicate a potential upside of 21.71% from the company’s current price.

A number of other analysts have also commented on HUBG. Evercore ISI cut their price objective on shares of Hub Group from $46.00 to $44.00 and set an “outperform” rating on the stock in a research report on Friday. Stifel Nicolaus lifted their price target on shares of Hub Group from $49.50 to $52.00 and gave the company a “buy” rating in a research note on Wednesday, January 10th. Stephens reduced their price objective on shares of Hub Group from $44.00 to $42.00 and set an “equal weight” rating for the company in a research note on Friday. JPMorgan Chase & Co. lifted their target price on Hub Group from $43.50 to $46.00 and gave the company a “neutral” rating in a research report on Tuesday, January 9th. Finally, Morgan Stanley boosted their price target on Hub Group from $43.00 to $44.00 and gave the stock an “equal weight” rating in a research report on Monday, February 12th. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $46.33.

Hub Group Stock Up 0.2 %

Shares of HUBG stock traded up $0.07 during trading hours on Friday, hitting $40.26. 233,620 shares of the company were exchanged, compared to its average volume of 490,471. The company has a market capitalization of $2.53 billion, a PE ratio of 15.49 and a beta of 0.89. Hub Group has a 52 week low of $31.73 and a 52 week high of $47.58. The business has a 50 day moving average of $41.97 and a two-hundred day moving average of $41.58. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.15.

Hub Group (NASDAQ:HUBG) last issued its quarterly earnings results on Thursday, April 25th. The transportation company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.04. The company had revenue of $1,000.00 million for the quarter, compared to analyst estimates of $1.05 billion. Hub Group had a return on equity of 10.56% and a net margin of 3.99%. The company’s quarterly revenue was down 16.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.94 earnings per share. Analysts anticipate that Hub Group will post 2.19 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Hub Group

Institutional investors have recently modified their holdings of the business. Verdence Capital Advisors LLC raised its position in shares of Hub Group by 9.8% in the first quarter. Verdence Capital Advisors LLC now owns 5,647 shares of the transportation company’s stock valued at $244,000 after buying an additional 506 shares in the last quarter. New York State Teachers Retirement System raised its holdings in Hub Group by 85.4% in the 1st quarter. New York State Teachers Retirement System now owns 98,482 shares of the transportation company’s stock valued at $4,256,000 after acquiring an additional 45,371 shares in the last quarter. Rice Hall James & Associates LLC lifted its position in shares of Hub Group by 42.4% during the 1st quarter. Rice Hall James & Associates LLC now owns 37,246 shares of the transportation company’s stock valued at $1,610,000 after acquiring an additional 11,091 shares during the period. Louisiana State Employees Retirement System grew its holdings in shares of Hub Group by 98.1% during the 1st quarter. Louisiana State Employees Retirement System now owns 30,900 shares of the transportation company’s stock worth $1,335,000 after purchasing an additional 15,300 shares in the last quarter. Finally, Maryland State Retirement & Pension System grew its holdings in shares of Hub Group by 98.3% during the 1st quarter. Maryland State Retirement & Pension System now owns 22,479 shares of the transportation company’s stock worth $972,000 after purchasing an additional 11,143 shares in the last quarter. 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.