Hub Group (NASDAQ:HUBG) Stock Price Expected to Rise, Barclays Analyst Says

Hub Group (NASDAQ:HUBG) had its target price raised by stock analysts at Barclays from $40.00 to $42.00 in a research note issued on Thursday, Benzinga reports. The firm currently has an “equal weight” rating on the transportation company’s stock. Barclays‘s price target suggests a potential downside of 3.11% from the stock’s current price.

Other equities analysts have also recently issued reports about the company. UBS Group lifted their price target on Hub Group from $42.00 to $48.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. JPMorgan Chase & Co. lifted their price target on Hub Group from $43.00 to $51.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Benchmark restated a “buy” rating and issued a $47.00 target price on shares of Hub Group in a report on Tuesday, September 17th. Evercore ISI lifted their target price on Hub Group from $41.00 to $43.00 and gave the stock an “in-line” rating in a report on Thursday, October 3rd. Finally, Susquehanna lifted their target price on Hub Group from $44.00 to $50.00 and gave the stock a “neutral” rating in a report on Thursday, September 26th. Ten research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $46.17.

Hub Group Stock Performance

Hub Group stock traded down $0.40 during mid-day trading on Thursday, hitting $43.35. 300,281 shares of the company’s stock traded hands, compared to its average volume of 444,968. The firm has a 50 day moving average price of $44.32 and a 200 day moving average price of $43.42. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.13. The company has a market cap of $2.70 billion, a PE ratio of 20.60 and a beta of 0.88. Hub Group has a one year low of $33.38 and a one year high of $48.39.

Hub Group (NASDAQ:HUBG) last issued its quarterly earnings results on Wednesday, October 30th. The transportation company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.03. Hub Group had a return on equity of 7.37% and a net margin of 2.89%. The company had revenue of $986.89 million for the quarter, compared to analysts’ expectations of $1.06 billion. During the same period last year, the firm earned $0.49 EPS. The firm’s revenue for the quarter was down 3.7% on a year-over-year basis. On average, equities analysts forecast that Hub Group will post 1.92 EPS for the current year.

Institutional Trading of Hub Group

A number of institutional investors have recently bought and sold shares of HUBG. Vanguard Group Inc. boosted its position in Hub Group by 99.1% during the first quarter. Vanguard Group Inc. now owns 6,883,930 shares of the transportation company’s stock valued at $297,523,000 after purchasing an additional 3,427,047 shares during the last quarter. William Blair Investment Management LLC boosted its position in Hub Group by 99.5% during the first quarter. William Blair Investment Management LLC now owns 841,980 shares of the transportation company’s stock valued at $36,390,000 after purchasing an additional 419,873 shares during the last quarter. Select Equity Group L.P. boosted its position in Hub Group by 19.4% during the second quarter. Select Equity Group L.P. now owns 1,836,354 shares of the transportation company’s stock valued at $79,055,000 after purchasing an additional 298,390 shares during the last quarter. LSV Asset Management boosted its position in Hub Group by 88.0% during the first quarter. LSV Asset Management now owns 626,226 shares of the transportation company’s stock valued at $27,065,000 after purchasing an additional 293,094 shares during the last quarter. Finally, Edgestream Partners L.P. acquired a new stake in Hub Group during the first quarter valued at $5,843,000. Institutional investors and hedge funds own 46.77% of the company’s stock.

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.