Cowen upgraded shares of Hub Group (NASDAQ:HUBG) from a market perform rating to an outperform rating in a research report report published on Wednesday, Briefing.com Automated Import reports. Cowen currently has $53.00 price objective on the transportation company’s stock, down from their prior price objective of $54.00.

Several other research analysts have also weighed in on the company. BidaskClub lowered Hub Group from a hold rating to a sell rating in a research report on Tuesday, May 14th. Zacks Investment Research raised Hub Group from a hold rating to a buy rating and set a $51.00 price objective for the company in a research report on Thursday, May 9th. Barclays lowered their price objective on Hub Group from $48.00 to $46.00 and set an underweight rating for the company in a research report on Thursday, April 4th. Buckingham Research lowered their price objective on Hub Group from $54.00 to $50.00 and set a neutral rating for the company in a research report on Tuesday, April 2nd. Finally, Stephens lifted their price objective on Hub Group to $55.00 and gave the stock an overweight rating in a research report on Friday, February 8th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the stock. Hub Group currently has a consensus rating of Hold and an average price target of $54.45.

Shares of NASDAQ:HUBG opened at $39.64 on Wednesday. The firm has a market cap of $1.38 billion, a P/E ratio of 15.19 and a beta of 1.65. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.18 and a quick ratio of 1.18. Hub Group has a 12-month low of $34.02 and a 12-month high of $56.60.

Hub Group (NASDAQ:HUBG) last announced its earnings results on Tuesday, April 30th. The transportation company reported $0.71 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.16. Hub Group had a return on equity of 11.31% and a net margin of 5.15%. The business had revenue of $933.00 million during the quarter, compared to analyst estimates of $946.76 million. During the same period last year, the company earned $0.48 EPS. Hub Group’s revenue for the quarter was up 11.4% compared to the same quarter last year. Analysts expect that Hub Group will post 3.32 earnings per share for the current fiscal year.

Hedge funds have recently bought and sold shares of the company. Advisory Services Network LLC acquired a new stake in shares of Hub Group in the 1st quarter valued at about $36,000. First Mercantile Trust Co. acquired a new stake in shares of Hub Group in the 4th quarter valued at about $39,000. Quantamental Technologies LLC acquired a new stake in shares of Hub Group in the 4th quarter valued at about $40,000. Acadian Asset Management LLC acquired a new stake in shares of Hub Group in the 4th quarter valued at about $60,000. Finally, Ladenburg Thalmann Financial Services Inc. grew its stake in shares of Hub Group by 455.9% in the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,462 shares of the transportation company’s stock valued at $60,000 after buying an additional 1,199 shares during the period. 88.25% 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, trucking, truck brokerage, and other logistics services in North America. 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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