Hub Group (NASDAQ:HUBG) Price Target Raised to $42.00

Hub Group (NASDAQ:HUBG - Get Free Report) had its price target raised by research analysts at Barclays from $40.00 to $42.00 in a research note issued on Thursday, Benzinga reports. The brokerage currently has an "equal weight" rating on the transportation company's stock. Barclays's price objective suggests a potential downside of 3.20% from the stock's previous close.

Several other brokerages have also recently commented on HUBG. Benchmark reaffirmed a "buy" rating and issued a $47.00 target price on shares of Hub Group in a research report on Tuesday, September 17th. Susquehanna raised their target price on Hub Group from $44.00 to $50.00 and gave the stock a "neutral" rating in a research report on Thursday, September 26th. Stifel Nicolaus reduced their target price on Hub Group from $45.00 to $43.00 and set a "buy" rating for the company in a research report on Tuesday, August 6th. TD Cowen raised their target price on Hub Group from $43.00 to $49.00 and gave the stock a "hold" rating in a research report on Thursday. Finally, UBS Group raised their target price on Hub Group from $42.00 to $48.00 and gave the stock a "neutral" rating in a research report on Friday, August 2nd. Ten analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $46.17.

Hub Group Stock Performance

HUBG stock traded down $0.36 during midday trading on Thursday, hitting $43.39. 697,847 shares of the company traded hands, compared to its average volume of 446,852. Hub Group has a twelve month low of $33.38 and a twelve month high of $48.39. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.13. The business has a 50 day simple moving average of $44.33 and a 200-day simple moving average of $43.42. The stock has a market capitalization of $2.70 billion, a price-to-earnings ratio of 20.66 and a beta of 0.88.

Hub Group (NASDAQ:HUBG - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The transportation company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.03. The business had revenue of $986.89 million for the quarter, compared to the consensus estimate of $1.06 billion. Hub Group had a net margin of 2.89% and a return on equity of 7.37%. Hub Group's quarterly revenue was down 3.7% on a year-over-year basis. During the same quarter last year, the company posted $0.49 earnings per share. As a group, equities research analysts predict that Hub Group will post 1.92 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Family Firm Inc. acquired a new stake in shares of Hub Group in the second quarter valued at $26,000. GAMMA Investing LLC increased its stake in shares of Hub Group by 65.0% in the third quarter. GAMMA Investing LLC now owns 711 shares of the transportation company's stock valued at $32,000 after buying an additional 280 shares in the last quarter. Point72 Hong Kong Ltd acquired a new stake in shares of Hub Group in the second quarter valued at $34,000. Fidelis Capital Partners LLC acquired a new stake in shares of Hub Group in the first quarter valued at $38,000. Finally, EntryPoint Capital LLC acquired a new stake in shares of Hub Group in the first quarter valued at $52,000. 46.77% of the stock is owned by institutional investors.

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.