Benchmark Increases Hub Group (NASDAQ:HUBG) Price Target to $49.00

Hub Group (NASDAQ:HUBG) had its price target upped by equities researchers at Benchmark from $47.00 to $49.00 in a report issued on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the transportation company’s stock. Benchmark’s price target would suggest a potential upside of 14.03% from the company’s previous close.

A number of other research analysts have also recently issued reports on the stock. Susquehanna raised shares of Hub Group from a “neutral” rating to a “positive” rating and set a $55.00 target price for the company in a report on Friday, January 3rd. Barclays lifted their price objective on Hub Group from $42.00 to $52.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 13th. TD Cowen upped their target price on Hub Group from $43.00 to $49.00 and gave the company a “hold” rating in a report on Thursday, October 31st. Finally, Evercore ISI lifted their price target on Hub Group from $41.00 to $43.00 and gave the stock an “in-line” rating in a research note on Thursday, October 3rd. Nine research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Hub Group currently has a consensus rating of “Hold” and a consensus price target of $47.58.

Hub Group Stock Performance

Shares of HUBG stock traded down $1.20 during trading hours on Friday, reaching $42.97. 90,322 shares of the company’s stock were exchanged, compared to its average volume of 296,256. 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’s 50 day moving average is $47.88 and its two-hundred day moving average is $45.38. The company has a market cap of $2.64 billion, a P/E ratio of 24.41 and a beta of 0.94. Hub Group has a 1 year low of $38.07 and a 1 year high of $53.21.

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

Institutional Trading of Hub Group

Several hedge funds and other institutional investors have recently bought and sold shares of HUBG. XTX Topco Ltd purchased a new position in shares of Hub Group during the 3rd quarter worth about $481,000. Barclays PLC raised its stake in Hub Group by 199.6% during the third quarter. Barclays PLC now owns 117,774 shares of the transportation company’s stock worth $5,354,000 after purchasing an additional 78,467 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of Hub Group by 14.3% in the 3rd quarter. Principal Financial Group Inc. now owns 783,456 shares of the transportation company’s stock valued at $35,608,000 after purchasing an additional 97,768 shares during the last quarter. State Street Corp grew its stake in shares of Hub Group by 0.8% during the 3rd quarter. State Street Corp now owns 2,489,503 shares of the transportation company’s stock valued at $113,148,000 after buying an additional 20,215 shares during the period. Finally, WINTON GROUP Ltd increased its holdings in shares of Hub Group by 53.7% during the 2nd quarter. WINTON GROUP Ltd now owns 117,664 shares of the transportation company’s stock worth $5,065,000 after buying an additional 41,119 shares during the last quarter. 46.77% of the stock is owned by hedge funds and other institutional investors.

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.