Hub Group (NASDAQ:HUBG) Price Target Raised to $29.00

Hub Group (NASDAQ:HUBG) had its target price lifted by stock analysts at Stifel Nicolaus from $27.00 to $29.00 in a research report issued on Thursday,Benzinga reports. The firm currently has a “sell” rating on the transportation company’s stock. Stifel Nicolaus’ price objective suggests a potential downside of 19.82% from the company’s previous close.

Other equities research analysts also recently issued research reports about the stock. Raymond James Financial reaffirmed an “outperform” rating and set a $50.00 price objective on shares of Hub Group in a research report on Monday, February 9th. Barclays restated an “overweight” rating and issued a $48.00 target price (up from $38.00) on shares of Hub Group in a research note on Thursday, January 15th. Morgan Stanley set a $46.00 target price on Hub Group and gave the company an “equal weight” rating in a report on Monday, December 8th. JPMorgan Chase & Co. increased their price target on Hub Group from $42.00 to $50.00 and gave the stock a “neutral” rating in a research report on Monday, January 12th. Finally, Evercore set a $53.00 price target on Hub Group and gave the stock an “outperform” rating in a report on Monday, January 12th. Seven equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $43.33.

Hub Group Stock Performance

Hub Group stock traded down $0.44 during mid-day trading on Thursday, reaching $36.17. The company’s stock had a trading volume of 64,967 shares, compared to its average volume of 919,150. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.09. Hub Group has a twelve month low of $30.75 and a twelve month high of $53.26. The business has a 50 day moving average price of $41.10 and a 200-day moving average price of $39.77. The firm has a market cap of $2.21 billion, a price-to-earnings ratio of 21.00, a PEG ratio of 1.14 and a beta of 1.16.

Institutional Investors Weigh In On Hub Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. Royal Bank of Canada raised its holdings in Hub Group by 24.5% during the 1st quarter. Royal Bank of Canada now owns 11,723 shares of the transportation company’s stock worth $435,000 after buying an additional 2,305 shares during the period. AQR Capital Management LLC lifted its holdings in shares of Hub Group by 4.9% in the first quarter. AQR Capital Management LLC now owns 59,029 shares of the transportation company’s stock valued at $2,194,000 after purchasing an additional 2,761 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Hub Group by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,637 shares of the transportation company’s stock worth $1,325,000 after buying an additional 1,542 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Hub Group by 3.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 135,795 shares of the transportation company’s stock valued at $5,048,000 after acquiring an additional 4,844 shares in the last quarter. Finally, Intech Investment Management LLC grew its position in Hub Group by 33.3% during the first quarter. Intech Investment Management LLC now owns 39,181 shares of the transportation company’s stock valued at $1,456,000 after purchasing an additional 9,791 shares in the last quarter. 46.77% of the stock is currently owned by institutional investors.

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.