Hub Group (NASDAQ:HUBG) had its target price boosted by Loop Capital from $58.00 to $71.00 in a research report report published on Friday morning, The Fly reports. They currently have a buy rating on the transportation company’s stock.

A number of other research analysts have also commented on the stock. BMO Capital Markets upped their price objective on shares of Hub Group from $49.00 to $50.00 and gave the company a market perform rating in a research report on Friday. BidaskClub lowered shares of Hub Group from a sell rating to a strong sell rating in a research report on Friday. Morgan Stanley set a $44.00 price objective on shares of Hub Group and gave the company a hold rating in a research report on Monday, October 22nd. Buckingham Research cut their price objective on shares of Hub Group from $53.00 to $46.00 and set a neutral rating for the company in a research report on Friday, October 12th. Finally, Zacks Investment Research lowered shares of Hub Group from a buy rating to a hold rating in a research report on Thursday, October 11th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the stock. Hub Group currently has an average rating of Hold and an average price target of $54.38.

Hub Group stock opened at $46.21 on Friday. The firm has a market cap of $1.59 billion, a price-to-earnings ratio of 24.19 and a beta of 1.52. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.18 and a quick ratio of 1.18. Hub Group has a fifty-two week low of $38.40 and a fifty-two week high of $56.60.

Hub Group (NASDAQ:HUBG) last announced its quarterly earnings data on Thursday, October 25th. The transportation company reported $0.77 EPS for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.07. The business had revenue of $933.22 million during the quarter, compared to analyst estimates of $1.11 billion. Hub Group had a net margin of 5.78% and a return on equity of 11.25%. Equities analysts forecast that Hub Group will post 2.61 earnings per share for the current fiscal year.

In related news, Director Charles R. Reaves sold 2,500 shares of the company’s stock in a transaction dated Wednesday, September 5th. The shares were sold at an average price of $50.24, for a total value of $125,600.00. Following the sale, the director now owns 68,768 shares of the company’s stock, valued at $3,454,904.32. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 5.75% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC increased its stake in Hub Group by 16.8% in the second quarter. Tower Research Capital LLC TRC now owns 6,752 shares of the transportation company’s stock valued at $336,000 after acquiring an additional 973 shares during the period. Granite Investment Partners LLC increased its stake in Hub Group by 0.5% in the second quarter. Granite Investment Partners LLC now owns 300,801 shares of the transportation company’s stock valued at $14,980,000 after acquiring an additional 1,382 shares during the period. Foundry Partners LLC increased its stake in Hub Group by 11.2% in the third quarter. Foundry Partners LLC now owns 34,106 shares of the transportation company’s stock valued at $1,555,000 after acquiring an additional 3,427 shares during the period. IndexIQ Advisors LLC increased its stake in Hub Group by 7.3% in the second quarter. IndexIQ Advisors LLC now owns 52,268 shares of the transportation company’s stock valued at $2,603,000 after acquiring an additional 3,539 shares during the period. Finally, Martingale Asset Management L P increased its stake in Hub Group by 12.3% in the second quarter. Martingale Asset Management L P now owns 37,424 shares of the transportation company’s stock valued at $1,864,000 after acquiring an additional 4,097 shares during the period. 91.24% of the stock is currently owned by institutional investors and hedge funds.

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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