Hub Group (NASDAQ:HUBG) Upgraded to Positive at Susquehanna

Hub Group (NASDAQ:HUBG - Get Free Report) was upgraded by analysts at Susquehanna from a "neutral" rating to a "positive" rating in a research note issued on Friday, MarketBeat.com reports. The firm presently has a $55.00 target price on the transportation company's stock. Susquehanna's price objective indicates a potential upside of 22.44% from the company's current price.

Several other brokerages also recently weighed in on HUBG. Barclays increased their price target on Hub Group from $42.00 to $52.00 and gave the stock an "equal weight" rating in a research report on Wednesday, November 13th. Benchmark reissued a "buy" rating and issued a $47.00 price target on shares of Hub Group in a report on Friday, November 1st. TD Cowen raised their price objective on shares of Hub Group from $43.00 to $49.00 and gave the stock a "hold" rating in a research note on Thursday, October 31st. Finally, Evercore ISI boosted their target price on shares of Hub Group from $41.00 to $43.00 and gave the company an "in-line" rating in a research note on Thursday, October 3rd. Nine analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Hub Group currently has a consensus rating of "Hold" and a consensus price target of $47.42.

Hub Group Stock Performance

Shares of HUBG stock traded up $0.75 during mid-day trading on Friday, reaching $44.92. The stock had a trading volume of 347,880 shares, compared to its average volume of 330,590. 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 1-year low of $38.07 and a 1-year high of $53.21. The firm has a market cap of $2.76 billion, a price-to-earnings ratio of 25.52 and a beta of 0.91. The business's fifty day moving average is $47.84 and its 200-day moving average is $45.35.

Hub Group (NASDAQ:HUBG - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The transportation company reported $0.52 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.49 by $0.03. The company had revenue of $986.89 million during 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%. Hub Group's revenue for the quarter was down 3.7% compared to the same quarter last year. During the same period last year, the firm posted $0.49 EPS. On average, research analysts forecast that Hub Group will post 1.91 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of HUBG. GAMMA Investing LLC increased its stake in Hub Group by 65.0% during 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 in the last quarter. Point72 Hong Kong Ltd purchased a new stake in shares of Hub Group during the second quarter worth approximately $34,000. SG Americas Securities LLC acquired a new position in Hub Group in the 3rd quarter valued at $106,000. CWM LLC lifted its holdings in Hub Group by 24.8% in the 3rd quarter. CWM LLC now owns 2,853 shares of the transportation company's stock valued at $130,000 after purchasing an additional 567 shares in the last quarter. Finally, nVerses Capital LLC purchased a new stake in shares of Hub Group during the third quarter worth $182,000. Institutional investors and hedge funds 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.