JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Hub Group (NASDAQ:HUBG) Stock

Hub Group (NASDAQ:HUBG) had its target price lifted by investment analysts at JPMorgan Chase & Co. from $42.00 to $50.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has a “neutral” rating on the transportation company’s stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 6.39% from the stock’s current price.

A number of other equities research analysts have also commented on HUBG. UBS Group reaffirmed a “neutral” rating and issued a $38.00 price objective (up from $36.00) on shares of Hub Group in a research note on Friday, October 10th. Benchmark reaffirmed a “buy” rating and set a $40.00 price target on shares of Hub Group in a research report on Wednesday, October 8th. Weiss Ratings reissued a “hold (c)” rating on shares of Hub Group in a research report on Monday, December 29th. Barclays dropped their price objective on Hub Group from $40.00 to $38.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 2nd. Finally, Zacks Research raised Hub Group from a “strong sell” rating to a “hold” rating in a research note on Monday, December 1st. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Hub Group currently has a consensus rating of “Moderate Buy” and an average target price of $43.60.

Hub Group Trading Up 1.1%

NASDAQ HUBG traded up $0.53 during trading hours on Monday, reaching $47.00. The company’s stock had a trading volume of 385,964 shares, compared to its average volume of 636,305. The firm has a fifty day simple moving average of $40.32 and a 200-day simple moving average of $37.23. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.47 and a quick ratio of 1.47. Hub Group has a 52 week low of $30.75 and a 52 week high of $47.50. The stock has a market cap of $2.87 billion, a P/E ratio of 27.16, a P/E/G ratio of 1.30 and a beta of 1.14.

Hub Group (NASDAQ:HUBG) last announced its quarterly earnings results on Thursday, October 30th. The transportation company reported $0.49 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.49. The firm had revenue of $934.50 million during the quarter, compared to analysts’ expectations of $937.78 million. Hub Group had a net margin of 2.82% and a return on equity of 6.58%. The company’s revenue was down 5.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.52 EPS. Hub Group has set its FY 2025 guidance at 1.800-1.900 EPS. Equities analysts forecast that Hub Group will post 2.2 earnings per share for the current fiscal year.

Insider Activity at Hub Group

In other Hub Group news, Director Gary Yablon purchased 4,566 shares of Hub Group stock in a transaction that occurred on Thursday, December 11th. The stock was acquired at an average price of $43.73 per share, with a total value of $199,671.18. Following the transaction, the director owned 32,778 shares in the company, valued at $1,433,381.94. This trade represents a 16.18% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Phillip D. Yeager sold 32,000 shares of the business’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $43.68, for a total transaction of $1,397,760.00. Following the sale, the chief executive officer owned 168,315 shares of the company’s stock, valued at $7,351,999.20. This trade represents a 15.97% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 3.48% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Frazier Financial Advisors LLC purchased a new stake in shares of Hub Group during the 3rd quarter valued at $35,000. Quarry LP grew its position in Hub Group by 271.5% during the third quarter. Quarry LP now owns 1,107 shares of the transportation company’s stock valued at $38,000 after buying an additional 809 shares during the period. Smartleaf Asset Management LLC increased its holdings in Hub Group by 33.4% during the second quarter. Smartleaf Asset Management LLC now owns 1,282 shares of the transportation company’s stock worth $44,000 after buying an additional 321 shares during the last quarter. GAMMA Investing LLC increased its holdings in Hub Group by 161.9% during the second quarter. GAMMA Investing LLC now owns 1,375 shares of the transportation company’s stock worth $46,000 after buying an additional 850 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd raised its position in Hub Group by 884.1% in the third quarter. Caitong International Asset Management Co. Ltd now owns 1,486 shares of the transportation company’s stock worth $51,000 after acquiring an additional 1,335 shares during the period. 46.77% of the stock is currently owned by institutional investors and hedge funds.

About Hub Group

Hub Group, Inc (NASDAQ: HUBG) is a leading supply chain solutions provider headquartered in Oak Brook, Illinois. Founded in 1971 as Hub City Terminals and renamed Hub Group in 1978, the company completed its initial public offering in 2007. Over the decades, Hub Group has developed a comprehensive multimodal transportation network, leveraging partnerships with major rail carriers and an extensive drayage fleet to offer cost-efficient, sustainable shipping alternatives.

The company operates through two primary segments: Intermodal and Transportation Management.