Shares of Hub Group Inc (NASDAQ:HUBG) have been given an average rating of “Hold” by the fifteen research firms that are presently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $55.50.
HUBG has been the topic of several recent analyst reports. Loop Capital dropped their price objective on Hub Group to $58.00 and set a “buy” rating on the stock in a research report on Tuesday, September 4th. BidaskClub cut Hub Group from a “hold” rating to a “sell” rating in a research report on Saturday, September 15th. ValuEngine cut Hub Group from a “hold” rating to a “sell” rating in a research report on Tuesday, October 2nd. BMO Capital Markets dropped their price objective on Hub Group from $55.00 to $49.00 and set a “market perform” rating on the stock in a research report on Wednesday, October 3rd. Finally, Zacks Investment Research cut Hub Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 11th.
A number of large investors have recently made changes to their positions in HUBG. CIBC Asset Management Inc bought a new position in shares of Hub Group in the second quarter worth about $216,000. Stevens Capital Management LP bought a new position in shares of Hub Group in the third quarter worth about $216,000. BlueMountain Capital Management LLC raised its stake in shares of Hub Group by 330.6% in the third quarter. BlueMountain Capital Management LLC now owns 5,003 shares of the transportation company’s stock worth $228,000 after buying an additional 3,841 shares during the period. Jane Street Group LLC bought a new position in shares of Hub Group in the third quarter worth about $232,000. Finally, Amalgamated Bank bought a new position in shares of Hub Group in the second quarter worth about $256,000. 90.78% of the stock is currently owned by institutional investors and hedge funds.
Shares of NASDAQ HUBG traded up $0.07 during trading on Thursday, reaching $40.45. The company had a trading volume of 6,667 shares, compared to its average volume of 264,305. Hub Group has a 12-month low of $38.40 and a 12-month high of $56.60. The stock has a market cap of $1.38 billion, a P/E ratio of 21.16 and a beta of 1.42. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.23.
Hub Group (NASDAQ:HUBG) last released its earnings results on Thursday, October 25th. The transportation company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.07. Hub Group had a return on equity of 10.77% and a net margin of 5.78%. The firm had revenue of $933.22 million for the quarter, compared to analysts’ expectations of $1.11 billion. As a group, analysts forecast that Hub Group will post 2.82 earnings per share for the current fiscal year.
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.
Featured Article: Federal Reserve
Receive News & Ratings for Hub Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hub Group and related companies with MarketBeat.com's FREE daily email newsletter.