Morgan Stanley Raises Hub Group (NASDAQ:HUBG) Price Target to $49.00

Hub Group (NASDAQ:HUBG) had its price objective increased by Morgan Stanley from $45.00 to $49.00 in a report published on Monday, August 6th. Morgan Stanley currently has an equal weight rating on the transportation company’s stock.

Several other analysts have also recently commented on the stock. Cowen reiterated a market perform rating and issued a $41.00 price target (up previously from $39.00) on shares of Hub Group in a research note on Friday, April 27th. Wolfe Research upgraded shares of Hub Group from a market perform rating to an outperform rating in a report on Thursday, May 24th. BidaskClub downgraded shares of Hub Group from a hold rating to a sell rating in a report on Saturday, July 28th. UBS Group boosted their target price on shares of Hub Group from $56.00 to $61.00 and gave the stock a buy rating in a report on Thursday, August 2nd. Finally, BMO Capital Markets boosted their target price on shares of Hub Group from $48.00 to $55.00 and gave the stock a market perform rating in a report on Thursday, August 2nd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the company. Hub Group currently has an average rating of Hold and a consensus price target of $52.71.

Shares of HUBG traded down $0.35 during trading hours on Monday, reaching $52.85. 199,300 shares of the stock traded hands, compared to its average volume of 308,064. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.18 and a current ratio of 1.18. Hub Group has a 52-week low of $37.22 and a 52-week high of $56.60. The stock has a market cap of $1.78 billion, a price-to-earnings ratio of 27.67 and a beta of 1.45.

Hub Group (NASDAQ:HUBG) last announced its quarterly earnings results on Wednesday, August 1st. The transportation company reported $0.66 EPS for the quarter, topping the consensus estimate of $0.48 by $0.18. The business had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.10 billion. Hub Group had a net margin of 3.42% and a return on equity of 10.32%. The business’s quarterly revenue was up 27.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.29 EPS. equities research analysts predict that Hub Group will post 2.75 earnings per share for the current year.

A number of hedge funds have recently modified their holdings of the business. Tower Research Capital LLC TRC grew its stake in Hub Group by 16.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 6,752 shares of the transportation company’s stock worth $336,000 after acquiring an additional 973 shares in the last quarter. Swiss National Bank grew its stake in Hub Group by 2.3% in the 1st quarter. Swiss National Bank now owns 58,300 shares of the transportation company’s stock worth $2,440,000 after acquiring an additional 1,300 shares in the last quarter. Rhumbline Advisers grew its stake in Hub Group by 1.7% in the 1st quarter. Rhumbline Advisers now owns 82,013 shares of the transportation company’s stock worth $3,432,000 after acquiring an additional 1,376 shares in the last quarter. Granite Investment Partners LLC grew its stake in Hub Group by 0.5% in the 2nd quarter. Granite Investment Partners LLC now owns 300,801 shares of the transportation company’s stock worth $14,980,000 after acquiring an additional 1,382 shares in the last quarter. Finally, Prudential Financial Inc. grew its stake in Hub Group by 2.6% in the 1st quarter. Prudential Financial Inc. now owns 56,938 shares of the transportation company’s stock worth $2,383,000 after acquiring an additional 1,450 shares in the last quarter. Institutional investors and hedge funds own 91.71% of the company’s stock.

About Hub Group

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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Analyst Recommendations for Hub Group (NASDAQ:HUBG)

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