Hub Group (NASDAQ:HUBG) Stock Rating Reaffirmed by Benchmark

Hub Group (NASDAQ:HUBGGet Free Report)‘s stock had its “buy” rating reissued by research analysts at Benchmark in a research report issued to clients and investors on Tuesday, Benzinga reports. They presently have a $49.00 price target on the transportation company’s stock. Benchmark’s price target suggests a potential upside of 16.95% from the company’s current price.

Several other equities analysts also recently issued reports on the stock. Stephens dropped their price target on shares of Hub Group from $44.00 to $42.00 and set an “equal weight” rating for the company in a research note on Friday, April 26th. BMO Capital Markets lowered their target price on shares of Hub Group from $48.00 to $45.00 and set a “market perform” rating for the company in a research note on Friday, April 26th. Susquehanna decreased their price target on shares of Hub Group from $49.00 to $46.00 and set a “neutral” rating for the company in a research note on Monday, March 25th. Finally, Evercore ISI reaffirmed an “in-line” rating and issued a $44.00 price target on shares of Hub Group in a research note on Tuesday, June 25th. Eight analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $46.29.

Get Our Latest Stock Analysis on HUBG

Hub Group Stock Performance

Shares of Hub Group stock opened at $41.90 on Tuesday. Hub Group has a fifty-two week low of $31.73 and a fifty-two week high of $47.58. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.28 and a quick ratio of 1.28. The firm has a market capitalization of $2.61 billion, a P/E ratio of 19.90 and a beta of 0.90. The company’s 50 day moving average price is $42.93 and its two-hundred day moving average price is $43.12.

Hub Group (NASDAQ:HUBGGet Free Report) last issued its earnings results on Thursday, April 25th. The transportation company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.04. The firm had revenue of $1,000.00 million for the quarter, compared to analyst estimates of $1.05 billion. Hub Group had a net margin of 3.28% and a return on equity of 8.48%. The company’s quarterly revenue was down 16.7% on a year-over-year basis. During the same quarter last year, the business posted $0.94 earnings per share. On average, equities analysts forecast that Hub Group will post 2.02 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HUBG. Silicon Valley Capital Partners boosted its holdings in Hub Group by 100.6% during the first quarter. Silicon Valley Capital Partners now owns 682 shares of the transportation company’s stock worth $29,000 after purchasing an additional 342 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in Hub Group by 81.5% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 744 shares of the transportation company’s stock worth $32,000 after purchasing an additional 334 shares during the last quarter. Anchor Investment Management LLC purchased a new position in Hub Group during the fourth quarter worth about $37,000. Fidelis Capital Partners LLC purchased a new position in Hub Group during the first quarter worth about $38,000. Finally, Versant Capital Management Inc boosted its holdings in Hub Group by 109.2% during the first quarter. Versant Capital Management Inc now owns 1,096 shares of the transportation company’s stock worth $47,000 after purchasing an additional 572 shares during the last quarter. 46.77% of the stock is currently owned by hedge funds and other institutional investors.

About Hub Group

(Get Free Report)

Hub Group, Inc, a supply chain solutions provider, offers transportation and logistics management services in North America. The company's transportation services include intermodal, truckload, less-than-truckload, flatbed, temperature-controlled, and dedicated and regional trucking, as well as final mile, railcar, small parcel, and international transportation.

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Analyst Recommendations for Hub Group (NASDAQ:HUBG)

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