Hub Group (HUBG) Price Target Raised to $71.00 at Loop Capital

Hub Group (NASDAQ:HUBG) had its target price upped by Loop Capital from $58.00 to $71.00 in a report published on Friday, The Fly reports. They currently have a buy rating on the transportation company’s stock.

A number of other research firms have also recently commented on HUBG. BidaskClub raised shares of Hub Group from a sell rating to a hold rating in a research note on Wednesday, August 8th. Morgan Stanley lifted their price target on shares of Hub Group from $45.00 to $49.00 and gave the stock an equal weight rating in a research note on Monday, August 6th. UBS Group lifted their price target on shares of Hub Group from $56.00 to $61.00 and gave the stock a buy rating in a research note on Thursday, August 2nd. Stephens set a $62.00 price target on shares of Hub Group and gave the stock a buy rating in a research note on Thursday, August 2nd. Finally, ValuEngine raised shares of Hub Group from a hold rating to a buy rating in a research note on Friday, August 3rd. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of $54.46.

HUBG stock opened at $46.58 on Friday. Hub Group has a 12 month low of $38.40 and a 12 month high of $56.60. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.54 and a quick ratio of 1.18. The stock has a market cap of $1.59 billion, a P/E ratio of 24.39 and a beta of 1.53.

Hub Group (NASDAQ:HUBG) last released its quarterly earnings results on Thursday, October 25th. The transportation company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.07. Hub Group had a net margin of 5.78% and a return on equity of 10.77%. The firm had revenue of $933.22 million during the quarter, compared to analysts’ expectations of $1.11 billion. As a group, research analysts expect that Hub Group will post 2.61 earnings per share for the current year.

In related news, Director Charles R. Reaves sold 2,500 shares of Hub Group stock in a transaction dated Wednesday, September 5th. The shares were sold at an average price of $50.24, for a total transaction of $125,600.00. Following the completion of the sale, the director now owns 68,768 shares in the company, valued at approximately $3,454,904.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 5.75% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in HUBG. CIBC Asset Management Inc bought a new stake in Hub Group during the 2nd quarter valued at about $216,000. Amalgamated Bank bought a new stake in Hub Group during the 2nd quarter valued at about $256,000. Sawtooth Solutions LLC bought a new stake in Hub Group during the 2nd quarter valued at about $262,000. Xact Kapitalforvaltning AB bought a new stake in Hub Group during the 1st quarter valued at about $299,000. Finally, Tower Research Capital LLC TRC lifted its holdings in Hub Group by 16.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,752 shares of the transportation company’s stock valued at $336,000 after buying an additional 973 shares in the last quarter. Institutional investors own 91.20% of the company’s stock.

Hub Group Company Profile

Hub Group, Inc, an asset-light freight transportation management company, provides intermodal, truck brokerage, and logistics services in North America. It operates through two segments, Mode and Hub. Its intermodal services include arranging for the movement of its customers' freight in containers and trailers over long distances.

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