Hub Group (NASDAQ:HUBG) Price Target Raised to $53.00

Hub Group (NASDAQ:HUBG) had its price target lifted by stock analysts at Stifel Nicolaus from $46.00 to $53.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the transportation company’s stock. Stifel Nicolaus’ price target would suggest a potential upside of 16.60% from the stock’s previous close.

A number of other equities analysts have also commented on the stock. Benchmark raised their price objective on shares of Hub Group from $47.00 to $49.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Susquehanna raised Hub Group from a “neutral” rating to a “positive” rating and set a $55.00 price target on the stock in a research report on Friday, January 3rd. Barclays lifted their target price on Hub Group from $42.00 to $52.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 13th. Evercore ISI upped their target price on Hub Group from $41.00 to $43.00 and gave the company an “in-line” rating in a report on Thursday, October 3rd. Finally, TD Cowen boosted their price objective on shares of Hub Group from $43.00 to $49.00 and gave the company a “hold” rating in a research report on Thursday, October 31st. Nine analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $48.42.

Hub Group Price Performance

NASDAQ HUBG traded up $0.46 on Thursday, reaching $45.46. 44,125 shares of the stock traded hands, compared to its average volume of 397,277. Hub Group has a 12 month low of $38.07 and a 12 month high of $53.21. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.12. The firm’s fifty day simple moving average is $47.43 and its 200 day simple moving average is $45.51. The company has a market cap of $2.79 billion, a price-to-earnings ratio of 25.82 and a beta of 0.94.

Hub Group (NASDAQ:HUBG) last announced its quarterly earnings data on Wednesday, October 30th. The transportation company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.03. Hub Group had a net margin of 2.74% and a return on equity of 7.44%. The company had revenue of $986.89 million for the quarter, compared to analysts’ expectations of $1.06 billion. During the same quarter in the previous year, the company posted $0.49 EPS. The business’s revenue was down 3.7% compared to the same quarter last year. As a group, research analysts predict that Hub Group will post 1.91 EPS for the current fiscal year.

Institutional Investors Weigh In On Hub Group

A number of large investors have recently bought and sold shares of the business. GAMMA Investing LLC increased its stake in shares of Hub Group by 65.0% in the 3rd quarter. GAMMA Investing LLC now owns 711 shares of the transportation company’s stock valued at $32,000 after buying an additional 280 shares during the period. Point72 Hong Kong Ltd acquired a new stake in Hub Group in the second quarter worth about $34,000. Blue Trust Inc. lifted its position in Hub Group by 24.8% during the 4th quarter. Blue Trust Inc. now owns 2,261 shares of the transportation company’s stock valued at $103,000 after purchasing an additional 450 shares during the period. SG Americas Securities LLC bought a new position in shares of Hub Group in the 3rd quarter valued at about $106,000. Finally, KBC Group NV grew its position in shares of Hub Group by 35.3% during the 4th quarter. KBC Group NV now owns 2,568 shares of the transportation company’s stock worth $114,000 after buying an additional 670 shares during the period. 46.77% of the stock is currently owned by institutional investors.

About Hub Group

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.