Hub Group Inc (HUBG) Given Consensus Rating of “Hold” by Brokerages

Shares of Hub Group Inc (NASDAQ:HUBG) have been assigned an average recommendation of “Hold” from the fourteen research firms that are covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $55.10.

A number of brokerages have recently weighed in on HUBG. Barclays reduced their price objective on shares of Hub Group from $48.00 to $46.00 and set an “underweight” rating for the company in a research note on Thursday, April 4th. Buckingham Research reduced their price objective on shares of Hub Group from $54.00 to $50.00 and set a “neutral” rating for the company in a research note on Tuesday, April 2nd. BidaskClub cut shares of Hub Group from a “hold” rating to a “sell” rating in a research note on Wednesday, March 20th. Stephens boosted their price objective on shares of Hub Group to $55.00 and gave the stock an “overweight” rating in a research note on Friday, February 8th. They noted that the move was a valuation call. Finally, Zacks Investment Research cut shares of Hub Group from a “buy” rating to a “hold” rating in a research note on Tuesday, January 15th.

NASDAQ HUBG traded up $1.44 during trading on Wednesday, reaching $44.47. The company’s stock had a trading volume of 233,873 shares, compared to its average volume of 184,408. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $1.49 billion, a PE ratio of 17.04 and a beta of 1.67. Hub Group has a 1-year low of $34.02 and a 1-year high of $56.60.

Hub Group (NASDAQ:HUBG) last posted its earnings results on Thursday, February 7th. The transportation company reported $1.01 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.90 by $0.11. The firm had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $972.54 million. Hub Group had a net margin of 4.77% and a return on equity of 11.14%. The company’s revenue was up 12.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.74 earnings per share. As a group, equities analysts anticipate that Hub Group will post 3.21 EPS for the current year.

Large investors have recently added to or reduced their stakes in the stock. First Mercantile Trust Co. bought a new stake in Hub Group in the 4th quarter valued at $39,000. Quantamental Technologies LLC bought a new stake in Hub Group in the 4th quarter valued at $40,000. Acadian Asset Management LLC bought a new stake in Hub Group in the 4th quarter valued at $60,000. PNC Financial Services Group Inc. increased its holdings in Hub Group by 28.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,076 shares of the transportation company’s stock valued at $76,000 after buying an additional 456 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Hub Group by 30.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,336 shares of the transportation company’s stock valued at $87,000 after buying an additional 544 shares during the period. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Hub Group Company Profile

Hub Group, Inc, an asset-light freight transportation management company, provides intermodal, trucking, truck brokerage, and other logistics services in North America. 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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