Hub Group (NASDAQ:HUBG) Given New $48.00 Price Target at Susquehanna

Hub Group (NASDAQ:HUBG) had its target price cut by equities research analysts at Susquehanna from $50.00 to $48.00 in a note issued to investors on Friday, Benzinga reports. The brokerage currently has a “neutral” rating on the transportation company’s stock. Susquehanna’s price objective suggests a potential upside of 11.47% from the company’s current price.

Other 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 stock a “neutral” rating in a report on Friday, August 2nd. Evercore ISI raised their price objective on Hub Group from $41.00 to $43.00 and gave the stock an “in-line” rating in a research note on Thursday, October 3rd. Barclays raised their price objective on Hub Group from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Thursday. Benchmark restated a “buy” rating and set a $47.00 price objective on shares of Hub Group in a research note on Tuesday, September 17th. Finally, TD Cowen lifted their price target on Hub Group from $43.00 to $49.00 and gave the company a “hold” rating in a research note on Thursday. Ten investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $46.00.

Hub Group Stock Performance

Shares of HUBG traded down $0.33 during mid-day trading on Friday, reaching $43.06. The company’s stock had a trading volume of 86,882 shares, compared to its average volume of 445,154. Hub Group has a 1-year low of $33.38 and a 1-year high of $48.39. The stock has a market cap of $2.68 billion, a P/E ratio of 24.37 and a beta of 0.88. The business has a 50-day simple moving average of $44.33 and a two-hundred day simple moving average of $43.42. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.13.

Hub Group (NASDAQ:HUBG) last released its quarterly earnings data on Wednesday, October 30th. The transportation company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. Hub Group had a return on equity of 7.43% and a net margin of 2.74%. The company had revenue of $986.89 million during the quarter, compared to analysts’ expectations of $1.06 billion. During the same period last year, the firm posted $0.49 earnings per share. The business’s revenue was down 3.7% on a year-over-year basis. As a group, equities research analysts anticipate that Hub Group will post 1.92 earnings per share for the current fiscal year.

Institutional Trading of Hub Group

Several large investors have recently added to or reduced their stakes in HUBG. Vanguard Group Inc. boosted its holdings in Hub Group by 99.1% in the first quarter. Vanguard Group Inc. now owns 6,883,930 shares of the transportation company’s stock valued at $297,523,000 after acquiring an additional 3,427,047 shares in the last quarter. William Blair Investment Management LLC increased its holdings in Hub Group by 99.5% in the 1st quarter. William Blair Investment Management LLC now owns 841,980 shares of the transportation company’s stock worth $36,390,000 after acquiring an additional 419,873 shares in the last quarter. Select Equity Group L.P. increased its holdings in Hub Group by 19.4% in the 2nd quarter. Select Equity Group L.P. now owns 1,836,354 shares of the transportation company’s stock worth $79,055,000 after acquiring an additional 298,390 shares in the last quarter. LSV Asset Management increased its holdings in Hub Group by 88.0% in the 1st quarter. LSV Asset Management now owns 626,226 shares of the transportation company’s stock worth $27,065,000 after acquiring an additional 293,094 shares in the last quarter. Finally, Edgestream Partners L.P. bought a new position in Hub Group in the 1st quarter worth approximately $5,843,000. Institutional investors own 46.77% of the company’s stock.

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.