JPMorgan Chase & Co. Issues Pessimistic Forecast for Hub Group (NASDAQ:HUBG) Stock Price

Hub Group (NASDAQ:HUBG) had its target price decreased by analysts at JPMorgan Chase & Co. from $50.00 to $46.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage currently has a “neutral” rating on the transportation company’s stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 63.35% from the stock’s previous close.

HUBG has been the topic of a number of other reports. Barclays set a $30.00 price target on Hub Group and gave the company an “equal weight” rating in a report on Monday, September 28th. Wall Street Zen downgraded Hub Group from a “hold” rating to a “sell” rating in a report on Monday. Stifel Nicolaus set a $29.00 target price on Hub Group and gave the stock a “hold” rating in a research report on Thursday, October 1st. Weiss Ratings lowered Hub Group from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, September 21st. Finally, Raymond James Financial lowered their target price on shares of Hub Group from $48.00 to $40.00 and set an “outperform” rating on the stock in a research note on Thursday, September 17th. Five equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $40.46.

Hub Group Trading Down 2.0%

Shares of HUBG opened at $28.16 on Monday. The business’s fifty day simple moving average is $37.58 and its two-hundred day simple moving average is $40.81. Hub Group has a 12 month low of $27.91 and a 12 month high of $53.26. The company has a market cap of $1.72 billion, a price-to-earnings ratio of 16.28 and a beta of 1.24.

Institutional Trading of Hub Group

Large investors have recently modified their holdings of the company. Cim Investment Management Inc. purchased a new stake in Hub Group during the second quarter valued at $261,000. Engineers Gate Manager LP bought a new position in Hub Group in the second quarter valued at about $460,000. Squarepoint Ops LLC boosted its position in Hub Group by 31.9% in the second quarter. Squarepoint Ops LLC now owns 63,882 shares of the transportation company’s stock worth $2,797,000 after purchasing an additional 15,449 shares during the last quarter. Baird Financial Group Inc. boosted its position in Hub Group by 8.8% in the second quarter. Baird Financial Group Inc. now owns 104,493 shares of the transportation company’s stock worth $4,576,000 after purchasing an additional 8,464 shares during the last quarter. Finally, Nykredit A S bought a new stake in shares of Hub Group during the 2nd quarter valued at about $25,000. Institutional investors own 46.77% of the company’s stock.

About Hub Group

Hub Group, Inc (NASDAQ: HUBG) is a North American transportation and logistics company headquartered in Oak Brook, Illinois. The company helps businesses move goods through a combination of intermodal, truckload, less-than-truckload, final-mile and other transportation services.

Hub Group’s intermodal operations coordinate freight shipments using rail and trucks, while its brokerage business connects shippers with third-party transportation providers. The company also provides dedicated transportation, managed transportation, logistics, warehousing and supply chain solutions designed to support customers’ domestic freight and distribution needs.

Founded in 1971, Hub Group serves customers throughout the United States and maintains transportation capabilities extending into Canada and Mexico.