Hub Group (HUBG) Price Target Raised to $54.00 at Buckingham Research

Hub Group (NASDAQ:HUBG) had its price target boosted by Buckingham Research from $46.00 to $54.00 in a research report sent to investors on Tuesday. They currently have a neutral rating on the transportation company’s stock.

Other equities research analysts also recently issued reports about the company. Stephens set a $62.00 price objective on Hub Group and gave the company a buy rating in a research report on Thursday, August 2nd. UBS Group upped their price objective on Hub Group from $56.00 to $61.00 and gave the company a buy rating in a research report on Thursday, August 2nd. Loop Capital upgraded Hub Group from a hold rating to a buy rating and set a $47.00 price objective on the stock in a research report on Thursday, August 2nd. ValuEngine upgraded Hub Group from a hold rating to a buy rating in a research report on Friday, August 3rd. Finally, Morgan Stanley upped their price objective on Hub Group from $45.00 to $49.00 and gave the company an equal weight rating in a research report on Monday, August 6th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of $55.08.

NASDAQ:HUBG opened at $47.31 on Tuesday. The company has a current ratio of 1.54, a quick ratio of 1.18 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $1.59 billion, a P/E ratio of 24.77 and a beta of 1.52. Hub Group has a 12 month low of $38.40 and a 12 month high of $56.60.

Hub Group (NASDAQ:HUBG) last posted its 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. The company had revenue of $933.22 million for the quarter, compared to the consensus estimate of $1.11 billion. Hub Group had a return on equity of 10.77% and a net margin of 5.78%. On average, equities research analysts anticipate that Hub Group will post 2.66 EPS for the current year.

In related news, Director Charles R. Reaves sold 2,500 shares of the stock in a transaction that occurred on Wednesday, September 5th. The stock was sold at an average price of $50.24, for a total value of $125,600.00. Following the transaction, the director now owns 68,768 shares of the company’s stock, valued at $3,454,904.32. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 5.75% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Laurion Capital Management LP grew its stake in Hub Group by 18.9% in the second quarter. Laurion Capital Management LP now owns 27,723 shares of the transportation company’s stock worth $1,381,000 after purchasing an additional 4,400 shares in the last quarter. CIBC Asset Management Inc bought a new position in Hub Group in the second quarter worth approximately $216,000. D L Carlson Investment Group Inc. bought a new position in Hub Group in the second quarter worth approximately $2,359,000. Scopus Asset Management L.P. grew its stake in Hub Group by 29.5% in the second quarter. Scopus Asset Management L.P. now owns 910,864 shares of the transportation company’s stock worth $45,361,000 after purchasing an additional 207,288 shares in the last quarter. Finally, Engineers Gate Manager LP bought a new position in Hub Group in the second quarter worth approximately $681,000. 91.20% 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, 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.

Read More: What Does Beta Mean In Stock Selection

Analyst Recommendations for Hub Group (NASDAQ:HUBG)

Receive News & Ratings for Hub Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hub Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply