Hub Group (NASDAQ:HUBG) Given New $49.00 Price Target at Benchmark

Hub Group (NASDAQ:HUBG - Get Free Report) had its target price upped by investment analysts at Benchmark from $47.00 to $49.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has a "buy" rating on the transportation company's stock. Benchmark's price target suggests a potential upside of 13.72% from the company's previous close.

Other equities analysts have also recently issued reports about the company. TD Cowen lifted their price target on Hub Group from $43.00 to $49.00 and gave the stock a "hold" rating in a research note on Thursday, October 31st. Barclays raised their target price on shares of Hub Group from $42.00 to $52.00 and gave the stock an "equal weight" rating in a report on Wednesday, November 13th. Susquehanna upgraded shares of Hub Group from a "neutral" rating to a "positive" rating and set a $55.00 price target for the company in a report on Friday, January 3rd. Finally, Evercore ISI boosted their price objective on shares of Hub Group from $41.00 to $43.00 and gave the company an "in-line" rating in a research report on Thursday, October 3rd. Nine analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $47.58.

Hub Group Price Performance

NASDAQ:HUBG traded down $1.08 during mid-day trading on Friday, reaching $43.09. The stock had a trading volume of 330,479 shares, compared to its average volume of 337,246. The stock has a market capitalization of $2.64 billion, a P/E ratio of 24.48 and a beta of 0.94. The firm has a 50 day moving average price of $47.88 and a two-hundred day moving average price of $45.38. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.30 and a current ratio of 1.30. Hub Group has a one year low of $38.07 and a one year high of $53.21.

Hub Group (NASDAQ:HUBG - Get Free Report) last released its earnings results on Wednesday, October 30th. The transportation company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.49 by $0.03. The company had revenue of $986.89 million for the quarter, compared to analyst estimates of $1.06 billion. Hub Group had a net margin of 2.74% and a return on equity of 7.44%. The firm's quarterly revenue was down 3.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.49 EPS. As a group, analysts expect that Hub Group will post 1.91 earnings per share for the current year.

Hedge Funds Weigh In On Hub Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. XTX Topco Ltd bought a new position in shares of Hub Group in the 3rd quarter worth about $481,000. Barclays PLC grew its holdings in Hub Group by 199.6% in the third quarter. Barclays PLC now owns 117,774 shares of the transportation company's stock worth $5,354,000 after purchasing an additional 78,467 shares during the period. Principal Financial Group Inc. increased its stake in shares of Hub Group by 14.3% during the third quarter. Principal Financial Group Inc. now owns 783,456 shares of the transportation company's stock valued at $35,608,000 after purchasing an additional 97,768 shares in the last quarter. State Street Corp lifted its holdings in shares of Hub Group by 0.8% during the third quarter. State Street Corp now owns 2,489,503 shares of the transportation company's stock valued at $113,148,000 after purchasing an additional 20,215 shares during the last quarter. Finally, WINTON GROUP Ltd boosted its position in shares of Hub Group by 53.7% in the 2nd quarter. WINTON GROUP Ltd now owns 117,664 shares of the transportation company's stock worth $5,065,000 after purchasing an additional 41,119 shares in the last quarter. Hedge funds and other institutional investors own 46.77% of the company's stock.

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.