Hub Group (NASDAQ:HUBG) PT Lowered to $44.00

Hub Group (NASDAQ:HUBG) had its price target decreased by equities research analysts at Evercore ISI from $46.00 to $44.00 in a report released on Friday, Benzinga reports. The firm presently has an “outperform” rating on the transportation company’s stock. Evercore ISI’s price target indicates a potential upside of 10.19% from the company’s previous close.

Other analysts have also issued research reports about the stock. Wells Fargo & Company upped their target price on shares of Hub Group from $45.00 to $50.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. Susquehanna reduced their target price on shares of Hub Group from $49.00 to $46.00 and set a “neutral” rating for the company in a research note on Monday, March 25th. Morgan Stanley boosted their price target on shares of Hub Group from $43.00 to $44.00 and gave the stock an “equal weight” rating in a report on Monday, February 12th. Benchmark reissued a “buy” rating and issued a $49.00 price target on shares of Hub Group in a report on Wednesday, April 10th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Hub Group from $43.50 to $46.00 and gave the stock a “neutral” rating in a report on Tuesday, January 9th. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Hub Group currently has an average rating of “Hold” and a consensus price target of $46.54.

Hub Group Stock Performance

NASDAQ HUBG opened at $39.93 on Friday. Hub Group has a 1 year low of $31.73 and a 1 year high of $47.58. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.29 and a quick ratio of 1.29. The firm has a market cap of $2.51 billion, a price-to-earnings ratio of 18.97 and a beta of 0.89. The company has a fifty day moving average price of $41.88 and a 200-day moving average price of $41.60.

Hub Group (NASDAQ:HUBG) last posted its earnings results on Thursday, April 25th. The transportation company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.04. Hub Group had a net margin of 3.28% and a return on equity of 8.47%. The firm had revenue of $1,000.00 million during the quarter, compared to analyst estimates of $1.05 billion. During the same quarter in the prior year, the business posted $0.94 EPS. The business’s revenue was down 16.7% compared to the same quarter last year. As a group, equities research analysts predict that Hub Group will post 2.19 EPS for the current fiscal year.

Institutional Investors Weigh In On Hub Group

Several institutional investors have recently added to or reduced their stakes in the business. Parkside Financial Bank & Trust lifted its holdings in Hub Group by 20.3% during the third quarter. Parkside Financial Bank & Trust now owns 861 shares of the transportation company’s stock valued at $68,000 after purchasing an additional 145 shares during the last quarter. Cardinal Capital Management lifted its holdings in Hub Group by 1.1% during the fourth quarter. Cardinal Capital Management now owns 16,193 shares of the transportation company’s stock valued at $1,489,000 after purchasing an additional 177 shares during the last quarter. Verdence Capital Advisors LLC lifted its holdings in Hub Group by 4.0% during the third quarter. Verdence Capital Advisors LLC now owns 5,205 shares of the transportation company’s stock valued at $409,000 after purchasing an additional 199 shares during the last quarter. CWM LLC lifted its holdings in shares of Hub Group by 25.5% in the third quarter. CWM LLC now owns 1,038 shares of the transportation company’s stock worth $81,000 after buying an additional 211 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. lifted its holdings in shares of Hub Group by 3.0% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 7,292 shares of the transportation company’s stock worth $573,000 after buying an additional 213 shares in the last quarter. 46.77% of the stock is owned by hedge funds and other institutional investors.

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.