Hub Group Inc. (HUBG) Hits New 12-Month High at $42.25
Hub Group Inc. (NASDAQ:HUBG) shares hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $42.25 and last traded at $41.84, with a volume of 85,183 shares traded. The stock had previously closed at $42.01.
Several research analysts recently issued reports on HUBG shares. Zacks Investment Research lowered shares of Hub Group from a “hold” rating to a “sell” rating in a research report on Wednesday, June 29th. BMO Capital Markets reiterated a “hold” rating and issued a $40.00 target price on shares of Hub Group in a research report on Wednesday, July 27th. Finally, Cowen and Company started coverage on shares of Hub Group in a research report on Wednesday, August 17th. They issued a “market perform” rating and a $43.00 target price for the company. Eleven analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $39.67.
The firm has a market capitalization of $1.44 billion and a price-to-earnings ratio of 18.37. The firm has a 50 day moving average of $40.81 and a 200-day moving average of $39.24.
Hub Group (NASDAQ:HUBG) last announced its quarterly earnings data on Tuesday, July 26th. The company reported $0.61 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.03. During the same quarter in the previous year, the business earned $0.51 earnings per share. The firm had revenue of $855.60 million for the quarter, compared to the consensus estimate of $881.40 million. The firm’s revenue for the quarter was down 4.9% on a year-over-year basis. On average, analysts anticipate that Hub Group Inc. will post $2.29 EPS for the current fiscal year.
Hub Group, Inc is an asset-light freight transportation management company. The Company offers intermodal, truck brokerage and logistics services. The Company operates through two business segments: Mode and Hub. The Mode segment markets and operates its freight transportation services, consisting of intermodal, truck brokerage and logistics, primarily through agents who enter into contractual arrangements with Mode LLC.
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