Hub Group (NASDAQ:HUBG) Stock Rating Upgraded by Robert W. Baird

Hub Group (NASDAQ:HUBG) was upgraded by Robert W. Baird from a “neutral” rating to an “outperform” rating in a report issued on Monday, MarketBeat reports. The firm currently has a $29.00 price objective on the transportation company’s stock. Robert W. Baird’s target price would suggest a potential upside of 9.93% from the company’s previous close.

A number of other equities analysts have also commented on the stock. Stifel Nicolaus set a $29.00 price target on shares of Hub Group and gave the company a “hold” rating in a research report on Thursday, October 1st. Wells Fargo & Company reaffirmed a “negative” rating and set a $28.00 price objective (down from $35.00) on shares of Hub Group in a report on Tuesday, October 6th. Weiss Ratings lowered shares of Hub Group from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, September 21st. Zacks Research cut shares of Hub Group from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 7th. Finally, Wall Street Zen downgraded Hub Group from a “hold” rating to a “sell” rating in a report on Monday, October 5th. Six investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Hub Group currently has a consensus rating of “Hold” and a consensus price target of $40.67.

Hub Group Stock Down 0.9%

Shares of Hub Group stock opened at $26.38 on Monday. The stock has a market capitalization of $1.61 billion, a P/E ratio of 15.25 and a beta of 1.24. The company has a 50-day simple moving average of $35.53 and a 200 day simple moving average of $40.49. Hub Group has a 12-month low of $25.64 and a 12-month high of $53.26.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Nykredit A S acquired a new position in shares of Hub Group during the second quarter worth approximately $25,000. State of Wyoming acquired a new stake in shares of Hub Group in the first quarter valued at approximately $52,000. Versant Capital Management Inc increased its holdings in shares of Hub Group by 10.6% in the second quarter. Versant Capital Management Inc now owns 2,588 shares of the transportation company’s stock valued at $113,000 after purchasing an additional 248 shares in the last quarter. MidFirst Bank acquired a new stake in shares of Hub Group in the fourth quarter valued at approximately $153,000. Finally, Headlands Technologies LLC bought a new position in Hub Group in the 2nd quarter worth approximately $205,000. 46.77% of the stock is owned by institutional investors.

About Hub Group

Hub Group, Inc (NASDAQ: HUBG) is a North American transportation and logistics company headquartered in Oak Brook, Illinois. The company helps businesses move goods through a combination of intermodal, truckload, less-than-truckload, final-mile and other transportation services.

Hub Group’s intermodal operations coordinate freight shipments using rail and trucks, while its brokerage business connects shippers with third-party transportation providers. The company also provides dedicated transportation, managed transportation, logistics, warehousing and supply chain solutions designed to support customers’ domestic freight and distribution needs.

Founded in 1971, Hub Group serves customers throughout the United States and maintains transportation capabilities extending into Canada and Mexico.