Shares of Hub Group Inc (NASDAQ:HUBG) have received an average rating of “Hold” from the sixteen ratings firms that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $47.58.
A number of analysts have recently issued reports on the stock. BidaskClub raised shares of Hub Group from a “sell” rating to a “hold” rating in a research report on Tuesday. Zacks Investment Research raised shares of Hub Group from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a research report on Tuesday, January 16th. Loop Capital increased their price target on shares of Hub Group to $52.00 and gave the stock a “hold” rating in a research report on Monday, February 12th. Stephens reissued an “overweight” rating and issued a $57.00 price target (up from $50.00) on shares of Hub Group in a research report on Thursday, December 14th. Finally, Morgan Stanley increased their price target on shares of Hub Group from $40.00 to $43.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 13th.
Large investors have recently added to or reduced their stakes in the stock. Fieldpoint Private Securities LLC acquired a new position in Hub Group in the third quarter worth approximately $100,000. Zions Bancorporation acquired a new position in Hub Group in the third quarter worth approximately $143,000. Public Employees Retirement System of Ohio increased its holdings in Hub Group by 12.7% in the second quarter. Public Employees Retirement System of Ohio now owns 5,079 shares of the transportation company’s stock worth $195,000 after buying an additional 573 shares during the last quarter. CIBC Asset Management Inc acquired a new position in Hub Group in the fourth quarter worth approximately $205,000. Finally, Aperio Group LLC acquired a new position in Hub Group in the fourth quarter worth approximately $217,000. Hedge funds and other institutional investors own 93.63% of the company’s stock.
Hub Group (NASDAQ:HUBG) last posted its quarterly earnings data on Thursday, February 8th. The transportation company reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.22. Hub Group had a net margin of 3.35% and a return on equity of 9.36%. The company had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same period in the prior year, the firm earned $0.55 earnings per share. The business’s quarterly revenue was up 18.8% on a year-over-year basis. analysts forecast that Hub Group will post 2.33 EPS for the current year.
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Hub Group Company Profile
Hub Group, Inc is an asset-light freight transportation management company. The Company offers intermodal, truck brokerage and logistics services. It operates through two business segments: Mode and Hub. The Mode segment markets and operates its freight transportation services, consisting of intermodal, truck brokerage and logistics, primarily through agents entering into contractual arrangements with Mode Transportation, LLC (Mode LLC).
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