Hub Group (NASDAQ:HUBG) Stock Price Expected to Rise, Barclays Analyst Says

Hub Group (NASDAQ:HUBG) had its target price lifted by Barclays from $42.00 to $52.00 in a research note published on Wednesday morning,Benzinga reports. Barclays currently has an equal weight rating on the transportation company’s stock.

Other equities analysts have also recently issued reports about the stock. Stifel Nicolaus lowered their price objective on shares of Hub Group from $45.00 to $43.00 and set a “buy” rating for the company in a research report on Tuesday, August 6th. TD Cowen lifted their price target on Hub Group from $43.00 to $49.00 and gave the company a “hold” rating in a research note on Thursday, October 31st. Benchmark reaffirmed a “buy” rating and issued a $47.00 price objective on shares of Hub Group in a research note on Friday, November 1st. Evercore ISI lifted their target price on shares of Hub Group from $41.00 to $43.00 and gave the stock an “in-line” rating in a research report on Thursday, October 3rd. Finally, UBS Group upped their price target on shares of Hub Group from $42.00 to $48.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Ten research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $46.83.

Hub Group Stock Performance

HUBG opened at $49.66 on Wednesday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.30 and a quick ratio of 1.30. The company has a market capitalization of $3.05 billion, a PE ratio of 28.22 and a beta of 0.89. The business has a fifty day simple moving average of $44.90 and a 200 day simple moving average of $44.05. Hub Group has a 1 year low of $36.88 and a 1 year high of $50.83.

Hub Group (NASDAQ:HUBG) last released its earnings results on Wednesday, October 30th. The transportation company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. The firm had revenue of $986.89 million during the quarter, compared to the consensus estimate of $1.06 billion. Hub Group had a return on equity of 7.44% and a net margin of 2.74%. The company’s revenue was down 3.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.49 EPS. Research analysts expect that Hub Group will post 1.91 EPS for the current year.

Hub Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Friday, September 6th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, September 6th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.01%. Hub Group’s dividend payout ratio (DPR) is presently 28.41%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Family Firm Inc. bought a new stake in shares of Hub Group during the second quarter valued at approximately $26,000. GAMMA Investing LLC increased its stake in Hub Group by 65.0% during the 3rd quarter. GAMMA Investing LLC now owns 711 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 280 shares in the last quarter. Point72 Hong Kong Ltd acquired a new position in Hub Group during the second quarter worth $34,000. EntryPoint Capital LLC bought a new position in shares of Hub Group in the first quarter valued at $52,000. Finally, Headlands Technologies LLC grew its holdings in shares of Hub Group by 179.1% during the first quarter. Headlands Technologies LLC now owns 1,496 shares of the transportation company’s stock valued at $65,000 after buying an additional 960 shares during the last quarter. 46.77% of the stock is owned by institutional investors and hedge funds.

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.