Hub Group (NASDAQ:HUBG) has been assigned a $53.00 target price by analysts at Stephens in a research report issued to clients and investors on Friday, TipRanks reports. The brokerage currently has a “buy” rating on the transportation company’s stock. Stephens’ price target points to a potential upside of 13.98% from the company’s current price.
HUBG has been the topic of several other reports. BidaskClub upgraded shares of Hub Group from a “sell” rating to a “hold” rating in a report on Thursday, September 12th. ValuEngine upgraded shares of Hub Group from a “sell” rating to a “hold” rating in a report on Thursday, August 1st. UBS Group set a $46.00 price objective on shares of Hub Group and gave the stock a “hold” rating in a report on Wednesday, July 31st. Finally, Zacks Investment Research raised shares of Hub Group from a “hold” rating to a “buy” rating and set a $52.00 target price on the stock in a research note on Thursday. One analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $53.20.
NASDAQ:HUBG traded up $0.75 on Friday, hitting $46.50. The stock had a trading volume of 161,409 shares, compared to its average volume of 255,678. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.20. The stock has a market cap of $1.58 billion, a price-to-earnings ratio of 17.82 and a beta of 1.60. The company has a fifty day moving average price of $43.37 and a two-hundred day moving average price of $42.08. Hub Group has a 1-year low of $34.02 and a 1-year high of $49.35.
Hub Group (NASDAQ:HUBG) last posted its earnings results on Tuesday, July 30th. The transportation company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.12. The company had revenue of $921.16 million for the quarter, compared to analyst estimates of $973.45 million. Hub Group had a net margin of 5.69% and a return on equity of 11.40%. Hub Group’s revenue was up 3.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.66 EPS. As a group, analysts anticipate that Hub Group will post 3.37 earnings per share for the current year.
In related news, Director Charles R. Reaves sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $42.21, for a total transaction of $211,050.00. Following the sale, the director now directly owns 67,127 shares of the company’s stock, valued at approximately $2,833,430.67. The sale was disclosed in a legal filing with the SEC, which is available through this link. 5.94% of the stock is owned by corporate insiders.
Large investors have recently made changes to their positions in the business. Strs Ohio increased its position in shares of Hub Group by 3.3% in the 2nd quarter. Strs Ohio now owns 22,000 shares of the transportation company’s stock valued at $923,000 after purchasing an additional 700 shares during the last quarter. Quantinno Capital Management LP purchased a new position in shares of Hub Group in the 1st quarter valued at $613,000. Laurion Capital Management LP purchased a new position in shares of Hub Group in the 2nd quarter valued at $934,000. SG Americas Securities LLC purchased a new position in shares of Hub Group in the 2nd quarter valued at $1,443,000. Finally, Diamond Hill Capital Management Inc. grew its position in shares of Hub Group by 0.4% in the 2nd quarter. Diamond Hill Capital Management Inc. now owns 3,253,735 shares of the transportation company’s stock valued at $136,592,000 after buying an additional 12,053 shares during the last quarter. 91.72% of the stock is currently owned by institutional investors.
Hub Group Company Profile
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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