Hub Group (HUBG) Downgraded to Sell at BidaskClub
BidaskClub lowered shares of Hub Group (NASDAQ:HUBG) from a hold rating to a sell rating in a research report report published on Friday.
Other analysts also recently issued research reports about the stock. Zacks Investment Research upgraded shares of Hub Group from a hold rating to a buy rating and set a $58.00 target price for the company in a report on Tuesday, January 16th. Morgan Stanley lifted their target price on shares of Hub Group from $40.00 to $43.00 and gave the company an equal weight rating in a report on Tuesday, February 13th. Loop Capital lifted their target price on shares of Hub Group to $52.00 and gave the company a hold rating in a report on Monday, February 12th. Wells Fargo & Co reiterated a market perform rating and issued a $46.00 target price (up previously from $37.00) on shares of Hub Group in a report on Thursday, November 2nd. They noted that the move was a valuation call. Finally, Robert W. Baird upgraded shares of Hub Group from a neutral rating to an outperform rating and boosted their price target for the stock from $45.00 to $55.00 in a research note on Tuesday, December 19th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the stock. The company has a consensus rating of Hold and an average target price of $48.38.
Hub Group (NASDAQ HUBG) traded up $0.40 during trading on Friday, reaching $44.10. 307,802 shares of the company traded hands, compared to its average volume of 329,304. Hub Group has a 12-month low of $33.17 and a 12-month high of $52.25. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.24 and a quick ratio of 1.19. The firm has a market cap of $1,490.56, a P/E ratio of 10.89, a PEG ratio of 1.25 and a beta of 1.43.
Several large investors have recently bought and sold shares of HUBG. 1060 Capital LLC acquired a new position in shares of Hub Group in the third quarter worth $32,074,000. Bank of New York Mellon Corp grew its stake in shares of Hub Group by 97.9% in the third quarter. Bank of New York Mellon Corp now owns 1,282,256 shares of the transportation company’s stock worth $55,074,000 after acquiring an additional 634,448 shares in the last quarter. SG Capital Management LLC acquired a new position in shares of Hub Group in the third quarter worth $15,654,000. Citadel Advisors LLC grew its stake in shares of Hub Group by 256.9% in the third quarter. Citadel Advisors LLC now owns 486,906 shares of the transportation company’s stock worth $20,913,000 after acquiring an additional 350,468 shares in the last quarter. Finally, Granite Investment Partners LLC acquired a new position in shares of Hub Group in the fourth quarter worth $14,668,000. Institutional investors and hedge funds own 90.16% of the company’s stock.
Hub Group Company Profile
Hub Group, Inc is an asset-light freight transportation management company. The Company offers intermodal, truck brokerage and logistics services. It 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 entering into contractual arrangements with Mode Transportation, LLC (Mode LLC).
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