Hub Group (NASDAQ:HUBG) Rating Reiterated by Benchmark

Hub Group (NASDAQ:HUBG)‘s stock had its “buy” rating reissued by equities research analysts at Benchmark in a research report issued to clients and investors on Tuesday, Benzinga reports. They currently have a $47.00 price objective on the transportation company’s stock. Benchmark’s price objective indicates a potential upside of 4.89% from the company’s previous close.

A number of other brokerages have also recently commented on HUBG. TD Cowen cut shares of Hub Group from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $50.00 to $43.00 in a research note on Thursday, July 18th. Stifel Nicolaus dropped their price target on shares of Hub Group from $45.00 to $43.00 and set a “buy” rating on the stock in a research report on Tuesday, August 6th. UBS Group upped their price objective on shares of Hub Group from $42.00 to $48.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. JPMorgan Chase & Co. increased their target price on Hub Group from $43.00 to $51.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Finally, Susquehanna decreased their price objective on shares of Hub Group from $45.00 to $44.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Ten investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $45.19.

Hub Group Stock Performance

HUBG opened at $44.81 on Tuesday. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.13. Hub Group has a 12-month low of $31.73 and a 12-month high of $48.39. The firm has a 50 day moving average of $44.30 and a two-hundred day moving average of $42.97. The firm has a market capitalization of $2.79 billion, a PE ratio of 21.34 and a beta of 0.89.

Hub Group (NASDAQ:HUBG) last posted its earnings results 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 company had revenue of $986.50 million during the quarter, compared to the consensus estimate of $1.09 billion. Hub Group had a net margin of 2.89% and a return on equity of 7.37%. The firm’s quarterly revenue was down 5.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.72 earnings per share. On average, analysts anticipate that Hub Group will post 1.93 EPS for the current year.

Hedge Funds Weigh In On Hub Group

A number of institutional investors have recently added to or reduced their stakes in the stock. Dana Investment Advisors Inc. raised its holdings in shares of Hub Group by 10.9% during the 2nd quarter. Dana Investment Advisors Inc. now owns 22,529 shares of the transportation company’s stock worth $970,000 after acquiring an additional 2,210 shares during the period. Aristides Capital LLC increased its position in Hub Group by 9.2% during the second quarter. Aristides Capital LLC now owns 5,987 shares of the transportation company’s stock worth $258,000 after purchasing an additional 506 shares during the last quarter. Point72 Asset Management L.P. purchased a new position in Hub Group during the second quarter worth about $4,680,000. Select Equity Group L.P. raised its stake 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 worth $79,055,000 after purchasing an additional 298,390 shares during the period. Finally, Deerfield Management Company L.P. Series C acquired a new position in Hub Group in the 2nd quarter valued at about $592,000. Hedge funds and other 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.