JPMorgan Chase & Co. Issues Positive Forecast for Hub Group (NASDAQ:HUBG) Stock Price

Hub Group (NASDAQ:HUBG) had its price objective lifted by analysts at JPMorgan Chase & Co. from $42.00 to $50.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has a “neutral” rating on the transportation company’s stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 6.39% from the company’s current price.

A number of other research analysts have also weighed in on the stock. Susquehanna lifted their price objective on shares of Hub Group from $42.00 to $55.00 and gave the company a “positive” rating in a research note on Thursday. Barclays cut their price target on Hub Group from $40.00 to $38.00 and set an “equal weight” rating for the company in a report on Thursday, October 2nd. Raymond James Financial set a $40.00 price objective on Hub Group and gave the company an “outperform” rating in a research note on Tuesday, October 14th. Benchmark restated a “buy” rating and issued a $40.00 target price on shares of Hub Group in a research note on Wednesday, October 8th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Hub Group in a report on Monday, December 29th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat.com, Hub Group currently has an average rating of “Moderate Buy” and a consensus price target of $43.60.

Hub Group Stock Performance

Shares of HUBG stock traded up $0.53 on Monday, hitting $47.00. 385,964 shares of the stock were exchanged, compared to its average volume of 636,305. The firm’s 50 day moving average is $40.32 and its two-hundred day moving average is $37.23. Hub Group has a one year low of $30.75 and a one year high of $47.50. The firm has a market capitalization of $2.87 billion, a PE ratio of 27.16, a P/E/G ratio of 1.30 and a beta of 1.14. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.09.

Hub Group (NASDAQ:HUBG) last released its quarterly earnings data on Thursday, October 30th. The transportation company reported $0.49 EPS for the quarter, meeting the consensus estimate of $0.49. The business had revenue of $934.50 million for the quarter, compared to the consensus estimate of $937.78 million. Hub Group had a net margin of 2.82% and a return on equity of 6.58%. The company’s revenue was down 5.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.52 earnings per share. Hub Group has set its FY 2025 guidance at 1.800-1.900 EPS. Sell-side analysts expect that Hub Group will post 2.2 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Phillip D. Yeager sold 32,000 shares of Hub Group stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $43.68, for a total transaction of $1,397,760.00. Following the completion of the sale, the chief executive officer owned 168,315 shares in the company, valued at approximately $7,351,999.20. This trade represents a 15.97% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Gary Yablon acquired 4,566 shares of the business’s stock in a transaction dated Thursday, December 11th. The shares were acquired at an average cost of $43.73 per share, with a total value of $199,671.18. Following the acquisition, the director directly owned 32,778 shares of the company’s stock, valued at $1,433,381.94. This represents a 16.18% increase in their position. The SEC filing for this purchase provides additional information. Company insiders own 3.48% of the company’s stock.

Hedge Funds Weigh In On Hub Group

Institutional investors have recently made changes to their positions in the stock. Frazier Financial Advisors LLC bought a new stake in shares of Hub Group in the 3rd quarter valued at about $35,000. Quarry LP lifted its position in Hub Group by 271.5% in the third quarter. Quarry LP now owns 1,107 shares of the transportation company’s stock valued at $38,000 after purchasing an additional 809 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of Hub Group by 33.4% during the second quarter. Smartleaf Asset Management LLC now owns 1,282 shares of the transportation company’s stock valued at $44,000 after purchasing an additional 321 shares during the period. GAMMA Investing LLC grew its holdings in shares of Hub Group by 161.9% in the second quarter. GAMMA Investing LLC now owns 1,375 shares of the transportation company’s stock worth $46,000 after purchasing an additional 850 shares during the last quarter. Finally, NewEdge Advisors LLC increased its stake in shares of Hub Group by 333.8% in the second quarter. NewEdge Advisors LLC now owns 1,488 shares of the transportation company’s stock worth $50,000 after buying an additional 1,145 shares during the period. Institutional investors own 46.77% of the company’s stock.

Hub Group Company Profile

Hub Group, Inc (NASDAQ: HUBG) is a leading supply chain solutions provider headquartered in Oak Brook, Illinois. Founded in 1971 as Hub City Terminals and renamed Hub Group in 1978, the company completed its initial public offering in 2007. Over the decades, Hub Group has developed a comprehensive multimodal transportation network, leveraging partnerships with major rail carriers and an extensive drayage fleet to offer cost-efficient, sustainable shipping alternatives.

The company operates through two primary segments: Intermodal and Transportation Management.