Hub Group Inc. (NASDAQ:HUBG) rose 3.1% on Thursday . The stock traded as high as $42.03 and last traded at $42.01, with a volume of 280,506 shares traded. The stock had previously closed at $40.75.

HUBG has been the subject of several analyst reports. BMO Capital Markets restated a “hold” rating and issued a $40.00 target price on shares of Hub Group in a report on Wednesday, July 27th. Zacks Investment Research raised Hub Group from a “sell” rating to a “hold” rating in a research report on Thursday, July 7th. Finally, Cowen and Company initiated coverage on Hub Group in a research report on Wednesday, August 17th. They issued a “market perform” rating and a $43.00 price target on the stock. Eleven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $39.67.

The firm’s 50 day moving average price is $40.85 and its 200 day moving average price is $39.26. The company has a market cap of $1.44 billion and a PE ratio of 18.40.

Hub Group (NASDAQ:HUBG) last released its quarterly earnings data on Tuesday, July 26th. The company reported $0.61 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.03. The business earned $855.60 million during the quarter, compared to analyst estimates of $881.40 million. The business’s quarterly revenue was down 4.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.51 earnings per share. On average, equities 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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