Hub Group (NASDAQ:HUBG) PT Raised to $50.00

Hub Group (NASDAQ:HUBG) had its price objective upped by equities researchers at Susquehanna from $44.00 to $50.00 in a report issued on Thursday, Benzinga reports. The brokerage currently has a “neutral” rating on the transportation company’s stock. Susquehanna’s price objective indicates a potential upside of 10.67% from the stock’s current price.

A number of other research analysts have also recently issued reports on HUBG. Benchmark reissued a “buy” rating and issued a $47.00 price objective on shares of Hub Group in a research note on Tuesday, September 17th. UBS Group lifted their price objective on shares of Hub Group from $42.00 to $48.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Stifel Nicolaus decreased their price objective on shares of Hub Group from $45.00 to $43.00 and set a “buy” rating on the stock in a research note on Tuesday, August 6th. JPMorgan Chase & Co. boosted 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, Evercore ISI reaffirmed an “in-line” rating and set a $44.00 target price on shares of Hub Group in a research note on Tuesday, June 25th. Ten analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $45.65.

Hub Group Stock Up 0.6 %

Shares of HUBG opened at $45.18 on Thursday. Hub Group has a 12 month low of $31.73 and a 12 month high of $48.39. The firm’s 50 day moving average is $44.52 and its 200-day moving average is $43.15. The stock has a market capitalization of $2.82 billion, a PE ratio of 21.51 and a beta of 0.89. 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 (NASDAQ:HUBG) last announced its quarterly earnings data 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 business had revenue of $986.50 million for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period last year, the firm posted $0.72 earnings per share. Equities research analysts forecast that Hub Group will post 1.93 EPS for the current year.

Hedge Funds Weigh In On Hub Group

Hedge funds have recently modified their holdings of the business. Family Firm Inc. acquired a new position in shares of Hub Group during the second quarter worth $26,000. Silicon Valley Capital Partners lifted its holdings in Hub Group by 100.6% in the first quarter. Silicon Valley Capital Partners now owns 682 shares of the transportation company’s stock valued at $29,000 after buying an additional 342 shares during the period. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in Hub Group by 81.5% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 744 shares of the transportation company’s stock valued at $32,000 after buying an additional 334 shares during the period. Point72 Hong Kong Ltd acquired a new position in Hub Group in the second quarter valued at $34,000. Finally, Fidelis Capital Partners LLC acquired a new position in Hub Group in the first quarter valued at $38,000. Institutional investors and hedge funds 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.