Barclays Lowers Hub Group (NASDAQ:HUBG) Price Target to $40.00

Hub Group (NASDAQ:HUBG) had its target price decreased by analysts at Barclays from $45.00 to $40.00 in a research report issued on Monday,Benzinga reports. The firm presently has an “equal weight” rating on the transportation company’s stock. Barclays‘s target price indicates a potential upside of 11.16% from the stock’s previous close.

A number of other research firms also recently weighed in on HUBG. Susquehanna decreased their price target on Hub Group from $55.00 to $48.00 and set a “positive” rating for the company in a research note on Wednesday, March 26th. TD Cowen decreased their target price on shares of Hub Group from $40.00 to $36.00 and set a “hold” rating for the company in a research note on Friday. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Hub Group in a research note on Friday, March 7th. They issued a “hold” rating and a $41.00 target price for the company. Benchmark cut their price target on shares of Hub Group from $40.00 to $33.13 and set a “buy” rating for the company in a research note on Friday. Finally, Stifel Nicolaus lifted their price objective on shares of Hub Group from $46.00 to $53.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $43.68.

Hub Group Stock Up 8.3%

Shares of NASDAQ HUBG traded up $2.76 during midday trading on Monday, reaching $35.99. The company’s stock had a trading volume of 142,649 shares, compared to its average volume of 526,963. The stock has a market capitalization of $2.21 billion, a price-to-earnings ratio of 21.16 and a beta of 1.13. Hub Group has a fifty-two week low of $30.75 and a fifty-two week high of $53.21. The stock has a 50 day simple moving average of $34.83 and a 200-day simple moving average of $41.97. The company has a current ratio of 1.33, a quick ratio of 1.30 and a debt-to-equity ratio of 0.10.

Hub Group (NASDAQ:HUBG) last issued its quarterly earnings results on Thursday, May 8th. The transportation company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.42 by $0.02. The firm had revenue of $915.22 million for the quarter, compared to analysts’ expectations of $973.86 million. Hub Group had a net margin of 2.64% and a return on equity of 7.10%. The company’s revenue for the quarter was down 8.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.44 EPS. Equities research analysts predict that Hub Group will post 2.2 earnings per share for the current year.

Institutional Trading of Hub Group

Several hedge funds have recently added to or reduced their stakes in HUBG. Barclays PLC raised its holdings in Hub Group by 199.6% during the 3rd quarter. Barclays PLC now owns 117,774 shares of the transportation company’s stock valued at $5,354,000 after acquiring an additional 78,467 shares during the period. KLP Kapitalforvaltning AS bought a new stake in shares of Hub Group during the 4th quarter valued at $1,279,000. Hennion & Walsh Asset Management Inc. boosted its stake in Hub Group by 16.8% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 9,511 shares of the transportation company’s stock worth $424,000 after purchasing an additional 1,368 shares during the period. Bank of New York Mellon Corp boosted its stake in Hub Group by 14.6% in the 4th quarter. Bank of New York Mellon Corp now owns 577,940 shares of the transportation company’s stock worth $25,753,000 after purchasing an additional 73,712 shares during the period. Finally, Atria Investments Inc bought a new position in Hub Group in the 4th quarter worth about $216,000. Institutional investors own 46.77% of the company’s stock.

About Hub Group

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.