Hub Group Inc. (HUBG) Sets New 12-Month High at $42.25
Hub Group Inc. (NASDAQ:HUBG) shares reached a new 52-week high on Friday . The company traded as high as $42.25 and last traded at $41.84, with a volume of 85,183 shares trading hands. The stock had previously closed at $42.01.
A number of research analysts have weighed in on HUBG shares. Zacks Investment Research cut 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 set a $40.00 price objective 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 set a “market perform” rating and a $43.00 price objective on the stock. Eleven analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $39.67.
The firm has a 50 day moving average price of $40.85 and a 200-day moving average price of $39.26. The firm has a market capitalization of $1.44 billion and a P/E ratio of 18.40.
Hub Group (NASDAQ:HUBG) last announced its quarterly earnings data on Tuesday, July 26th. The company reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.03. The firm earned $855.60 million during the quarter, compared to analysts’ expectations of $881.40 million. During the same quarter in the previous year, the business posted $0.51 EPS. The company’s revenue for the quarter was down 4.9% on a year-over-year basis. On average, equities research analysts anticipate that Hub Group Inc. will post $2.29 EPS for the current 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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