Loop Capital upgraded shares of Hub Group (NASDAQ:HUBG) from a hold rating to a buy rating in a report issued on Thursday morning, MarketBeat Ratings reports. The firm currently has $47.00 price target on the transportation company’s stock.

Several other equities research analysts also recently issued reports on HUBG. Stifel Nicolaus restated a hold rating and issued a $45.00 price target on shares of Hub Group in a report on Thursday, April 5th. BidaskClub raised Hub Group from a sell rating to a hold rating in a research report on Friday, April 13th. Cowen reaffirmed a market perform rating and set a $41.00 price objective (up from $39.00) on shares of Hub Group in a research report on Friday, April 27th. Morgan Stanley upped their price objective on Hub Group from $43.00 to $44.00 and gave the stock an equal weight rating in a research report on Monday, April 30th. Finally, ValuEngine raised Hub Group from a hold rating to a buy rating in a research report on Thursday, May 3rd. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of $52.71.

Shares of Hub Group traded up $0.10, hitting $52.95, during trading hours on Thursday, MarketBeat Ratings reports. The company’s stock had a trading volume of 4,119 shares, compared to its average volume of 360,256. Hub Group has a 12 month low of $33.55 and a 12 month high of $56.60. The company has a market capitalization of $1.82 billion, a P/E ratio of 27.43, a price-to-earnings-growth ratio of 1.28 and a beta of 1.45. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.18 and a quick ratio of 1.27.

Hub Group (NASDAQ:HUBG) last announced its quarterly earnings results on Wednesday, August 1st. The transportation company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.18. Hub Group had a return on equity of 10.32% and a net margin of 3.42%. The company had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same period in the prior year, the company earned $0.29 earnings per share. The company’s revenue for the quarter was up 27.7% compared to the same quarter last year. equities analysts anticipate that Hub Group will post 2.78 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of HUBG. Victory Capital Management Inc. boosted its position in Hub Group by 12,002.3% during the second quarter. Victory Capital Management Inc. now owns 663,086 shares of the transportation company’s stock valued at $33,022,000 after purchasing an additional 657,607 shares during the last quarter. Millennium Management LLC boosted its holdings in shares of Hub Group by 120.6% in the 1st quarter. Millennium Management LLC now owns 888,594 shares of the transportation company’s stock valued at $37,188,000 after purchasing an additional 485,807 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Hub Group in the 4th quarter valued at $7,407,000. Scopus Asset Management L.P. boosted its holdings in shares of Hub Group by 20.2% in the 1st quarter. Scopus Asset Management L.P. now owns 703,576 shares of the transportation company’s stock valued at $29,445,000 after purchasing an additional 118,208 shares in the last quarter. Finally, Algert Global LLC acquired a new stake in shares of Hub Group in the 1st quarter valued at $4,201,000. 92.76% of the stock is owned by hedge funds and other institutional investors.

About Hub Group

Hub Group, Inc, an asset-light freight transportation management company, provides intermodal, truck brokerage, and logistics services in North America. It operates through two segments, Mode and Hub. Its intermodal services include arranging for the movement of its customers' freight in containers and trailers over long distances.

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Analyst Recommendations for Hub Group (NASDAQ:HUBG)

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