Stifel Nicolaus Forecasts Strong Price Appreciation for Hub Group (NASDAQ:HUBG) Stock

Hub Group (NASDAQ:HUBG - Get Free Report) had its price target upped by equities researchers at Stifel Nicolaus from $46.00 to $53.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has a "buy" rating on the transportation company's stock. Stifel Nicolaus' target price would suggest a potential upside of 17.20% from the company's previous close.

A number of other brokerages also recently weighed in on HUBG. TD Cowen boosted their target price 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 lifted their price target on Hub Group from $42.00 to $52.00 and gave the company an "equal weight" rating in a research report on Wednesday, November 13th. Susquehanna upgraded shares of Hub Group from a "neutral" rating to a "positive" rating and set a $55.00 target price for the company in a research report on Friday, January 3rd. Evercore ISI increased their target price on shares of Hub Group from $41.00 to $43.00 and gave the company an "in-line" rating in a report on Thursday, October 3rd. Finally, Benchmark lifted their target price on shares of Hub Group from $47.00 to $49.00 and gave the stock a "buy" rating in a research note on Friday, January 10th. Nine investment 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 presently has a consensus rating of "Hold" and an average price target of $48.42.

Hub Group Price Performance

Hub Group stock traded down $0.24 during trading hours on Thursday, reaching $45.22. 371,844 shares of the stock were exchanged, compared to its average volume of 423,290. The stock has a 50 day moving average of $47.34 and a two-hundred day moving average of $45.51. The company has a market cap of $2.77 billion, a P/E ratio of 25.69 and a beta of 0.94. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.12. Hub Group has a twelve month low of $38.07 and a twelve month high of $53.21.

Hub Group (NASDAQ:HUBG - Get Free Report) last posted its earnings results on Wednesday, October 30th. The transportation company reported $0.52 earnings per share for the quarter, topping analysts' consensus estimates of $0.49 by $0.03. The firm 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 company's revenue for the quarter was down 3.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.49 EPS. Equities analysts expect that Hub Group will post 1.91 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in HUBG. GAMMA Investing LLC boosted its stake in Hub Group by 65.0% in the 3rd quarter. GAMMA Investing LLC now owns 711 shares of the transportation company's stock worth $32,000 after buying an additional 280 shares during the last quarter. Point72 Hong Kong Ltd purchased a new position in shares of Hub Group in the second quarter valued at $34,000. Blue Trust Inc. increased its position in shares of Hub Group by 24.8% during the fourth quarter. Blue Trust Inc. now owns 2,261 shares of the transportation company's stock worth $103,000 after acquiring an additional 450 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of Hub Group in the 3rd quarter valued at approximately $106,000. Finally, KBC Group NV raised its stake in shares of Hub Group by 35.3% in the 4th quarter. KBC Group NV now owns 2,568 shares of the transportation company's stock valued at $114,000 after purchasing an additional 670 shares in the last quarter. 46.77% of the stock is currently owned by institutional investors and hedge funds.

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.