Hub Group’s (HUBG) Buy Rating Reaffirmed at Benchmark

Hub Group (NASDAQ:HUBG)‘s stock had its “buy” rating reiterated by equities research analysts at Benchmark in a report released on Tuesday, Benzinga reports. They currently have a $47.00 price objective on the transportation company’s stock. Benchmark’s price objective points to a potential upside of 4.89% from the stock’s previous close.

Several other research firms also recently weighed in on HUBG. Susquehanna cut their price target on Hub Group from $45.00 to $44.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Evercore ISI reissued an “in-line” rating and set a $44.00 price target on shares of Hub Group in a research note on Tuesday, June 25th. UBS Group boosted their price objective on shares of Hub Group from $42.00 to $48.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. TD Cowen downgraded shares of Hub Group from a “buy” rating to a “hold” rating and decreased their price target for the company from $50.00 to $43.00 in a research note on Thursday, July 18th. Finally, Stifel Nicolaus dropped their price objective on Hub Group from $45.00 to $43.00 and set a “buy” rating on the stock in a research note on Tuesday, August 6th. Ten research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $45.19.

Hub Group Stock Up 0.1 %

Shares of Hub Group stock opened at $44.81 on Tuesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.32 and a current ratio of 1.32. Hub Group has a 52-week low of $31.73 and a 52-week high of $48.39. The company’s 50 day moving average price is $44.30 and its 200-day moving average price is $42.97. The stock has a market capitalization of $2.79 billion, a price-to-earnings ratio of 21.34 and a beta of 0.89.

Hub Group (NASDAQ:HUBG) last announced its quarterly earnings results on Thursday, August 1st. The transportation company reported $0.47 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.47. The business had revenue of $986.50 million for the quarter, compared to analyst estimates of $1.09 billion. Hub Group had a net margin of 2.89% and a return on equity of 7.37%. The company’s revenue was down 5.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.72 EPS. Equities research analysts forecast that Hub Group will post 1.93 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Arizona State Retirement System grew its stake in shares of Hub Group by 1.6% during the second quarter. Arizona State Retirement System now owns 17,427 shares of the transportation company’s stock worth $750,000 after acquiring an additional 282 shares during the last quarter. Inspire Advisors LLC increased its stake in Hub Group by 1.7% during the 2nd quarter. Inspire Advisors LLC now owns 17,327 shares of the transportation company’s stock valued at $746,000 after purchasing an additional 284 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. raised its holdings in shares of Hub Group by 81.5% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 744 shares of the transportation company’s stock worth $32,000 after buying an additional 334 shares during the last quarter. Silicon Valley Capital Partners lifted its stake in shares of Hub Group by 100.6% during the first quarter. Silicon Valley Capital Partners now owns 682 shares of the transportation company’s stock worth $29,000 after buying an additional 342 shares during the period. Finally, Covestor Ltd grew its holdings in shares of Hub Group by 37.4% during the first quarter. Covestor Ltd now owns 1,609 shares of the transportation company’s stock valued at $70,000 after buying an additional 438 shares during the last quarter. 46.77% of the stock is currently owned by hedge funds and other institutional investors.

Hub Group Company Profile

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.