Benchmark Has Lowered Expectations for Hub Group (NASDAQ:HUBG) Stock Price

Hub Group (NASDAQ:HUBG) had its target price reduced by research analysts at Benchmark from $50.00 to $42.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the transportation company’s stock. Benchmark’s price objective would suggest a potential upside of 12.45% from the company’s current price.

Several other analysts also recently commented on HUBG. Zacks Research raised Hub Group from a “strong sell” rating to a “hold” rating in a research note on Monday, April 13th. Barclays reaffirmed an “overweight” rating and set a $48.00 price objective (up from $38.00) on shares of Hub Group in a research note on Thursday, January 15th. Stifel Nicolaus raised their price objective on Hub Group from $27.00 to $29.00 and gave the stock a “sell” rating in a research note on Thursday, April 2nd. Robert W. Baird set a $29.00 price objective on Hub Group and gave the stock a “neutral” rating in a research note on Friday, February 6th. Finally, Raymond James Financial reaffirmed an “outperform” rating and set a $48.00 price objective on shares of Hub Group in a research note on Wednesday, April 15th. Seven investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $43.14.

Hub Group Stock Performance

HUBG stock opened at $37.35 on Thursday. The company has a market cap of $2.28 billion, a P/E ratio of 21.59, a price-to-earnings-growth ratio of 1.06 and a beta of 1.26. Hub Group has a twelve month low of $32.46 and a twelve month high of $53.26. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.09. The business’s fifty day moving average is $38.84 and its 200-day moving average is $40.89.

Hedge Funds Weigh In On Hub Group

Several hedge funds have recently modified their holdings of HUBG. Wellington Management Group LLP bought a new position in shares of Hub Group in the 4th quarter valued at about $139,588,000. Broad Bay Capital Management LP bought a new position in shares of Hub Group in the 4th quarter valued at about $30,424,000. Millennium Management LLC grew its holdings in shares of Hub Group by 138.4% in the 3rd quarter. Millennium Management LLC now owns 1,138,461 shares of the transportation company’s stock valued at $39,209,000 after acquiring an additional 661,018 shares in the last quarter. Capital International Investors grew its holdings in shares of Hub Group by 16.9% in the 4th quarter. Capital International Investors now owns 3,465,688 shares of the transportation company’s stock valued at $147,673,000 after acquiring an additional 501,955 shares in the last quarter. Finally, Hudson Bay Capital Management LP grew its holdings in shares of Hub Group by 3,557.4% in the 2nd quarter. Hudson Bay Capital Management LP now owns 505,787 shares of the transportation company’s stock valued at $16,908,000 after acquiring an additional 491,958 shares in the last quarter. Institutional investors own 46.77% of the company’s stock.

About Hub Group

Hub Group, Inc (NASDAQ: HUBG) is a leading supply chain solutions provider headquartered in Oak Brook, Illinois. Founded in 1971 as Hub City Terminals and renamed Hub Group in 1978, the company completed its initial public offering in 2007. Over the decades, Hub Group has developed a comprehensive multimodal transportation network, leveraging partnerships with major rail carriers and an extensive drayage fleet to offer cost-efficient, sustainable shipping alternatives.

The company operates through two primary segments: Intermodal and Transportation Management.