Zacks Investment Research upgraded shares of Hub Group (NASDAQ:HUBG) from a hold rating to a buy rating in a research note issued to investors on Wednesday. Zacks Investment Research currently has $50.00 target price on the transportation company’s stock.

According to Zacks, “Hub Group, Inc. is a transportation management company that provides multi-modal solutions throughout North America, including intermodal, truck brokerage, dedicated and logistics services. The company is one of the largest over-the-road brokers in North America. The Company arranges for the movement of its customers’ freight in containers and trailers over long distances. Hub Group operates through a nationwide network of hubs, located near significant concentrations of shipping customers and railheads. As a publicly traded company, Hub Group delivers innovative, customer-focused solutions and industry leading service to help customers better control supply chains and their costs. It operates through a nationwide network of hubs, located near significant concentrations of shipping customers and railheads. The company is headquartered in Cambridge, MA. “

Other equities analysts have also recently issued research reports about the company. BidaskClub upgraded Hub Group from a strong sell rating to a sell rating in a report on Thursday, October 18th. BMO Capital Markets cut their price target on Hub Group from $55.00 to $49.00 and set a market perform rating for the company in a report on Wednesday, October 3rd. Buckingham Research raised their price target on Hub Group from $46.00 to $54.00 and gave the company a neutral rating in a report on Tuesday, October 30th. Stifel Nicolaus upgraded Hub Group from a hold rating to a buy rating and raised their price target for the company from $53.00 to $58.00 in a report on Tuesday, November 6th. Finally, UBS Group cut Hub Group from a buy rating to a neutral rating and cut their price target for the company from $53.00 to $48.00 in a report on Tuesday. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company. Hub Group presently has a consensus rating of Hold and an average price target of $55.50.

NASDAQ HUBG opened at $40.29 on Wednesday. The company has a market cap of $1.45 billion, a price-to-earnings ratio of 15.92 and a beta of 1.42. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.54 and a quick ratio of 1.54. Hub Group has a 1-year low of $38.40 and a 1-year high of $56.60.

Hub Group (NASDAQ:HUBG) last released its quarterly earnings results on Thursday, October 25th. The transportation company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.07. The business had revenue of $933.22 million during the quarter, compared to analysts’ expectations of $1.11 billion. Hub Group had a return on equity of 10.77% and a net margin of 5.78%. As a group, research analysts forecast that Hub Group will post 2.82 EPS for the current fiscal year.

Several large investors have recently bought and sold shares of HUBG. Principal Financial Group Inc. lifted its stake in shares of Hub Group by 5.3% in the 1st quarter. Principal Financial Group Inc. now owns 263,602 shares of the transportation company’s stock valued at $11,032,000 after purchasing an additional 13,284 shares during the last quarter. Amalgamated Bank bought a new stake in shares of Hub Group in the 2nd quarter valued at approximately $256,000. BNP Paribas Arbitrage SA lifted its stake in shares of Hub Group by 26.3% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 29,659 shares of the transportation company’s stock valued at $1,477,000 after purchasing an additional 6,170 shares during the last quarter. First Trust Advisors LP lifted its stake in shares of Hub Group by 244.2% in the 2nd quarter. First Trust Advisors LP now owns 57,807 shares of the transportation company’s stock valued at $2,879,000 after purchasing an additional 41,013 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its stake in shares of Hub Group by 12,002.3% in the 2nd 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. 90.78% of the stock is 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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