Stifel Nicolaus Reaffirms “Hold” Rating for Hub Group (HUBG)

Stifel Nicolaus restated their hold rating on shares of Hub Group (NASDAQ:HUBG) in a research report report published on Thursday, MarketBeat.com reports. The brokerage currently has a $45.00 target price on the transportation company’s stock.

A number of other equities research analysts also recently commented on HUBG. Barclays reissued a sell rating and issued a $45.00 price objective on shares of Hub Group in a research report on Wednesday, December 13th. Stephens reissued an overweight rating and issued a $57.00 price objective (up from $50.00) on shares of Hub Group in a research report on Thursday, December 14th. Robert W. Baird raised shares of Hub Group from a neutral rating to an outperform rating and increased their price objective for the company from $45.00 to $55.00 in a research report on Tuesday, December 19th. Zacks Investment Research downgraded shares of Hub Group from a hold rating to a sell rating in a research report on Wednesday, January 3rd. Finally, BidaskClub downgraded shares of Hub Group from a buy rating to a hold rating in a research report on Friday, January 26th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company. The stock has an average rating of Hold and an average price target of $48.00.

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Shares of HUBG opened at $39.35 on Thursday. Hub Group has a fifty-two week low of $33.17 and a fifty-two week high of $52.25. The company has a market cap of $1,352.85, a P/E ratio of 20.71, a price-to-earnings-growth ratio of 1.13 and a beta of 1.44. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.29.

Hub Group (NASDAQ:HUBG) last announced its earnings results on Thursday, February 8th. The transportation company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.22. Hub Group had a net margin of 3.35% and a return on equity of 9.36%. The firm had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same period in the prior year, the firm earned $0.55 EPS. The firm’s revenue for the quarter was up 18.8% on a year-over-year basis. research analysts forecast that Hub Group will post 2.32 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. California Public Employees Retirement System grew its position in shares of Hub Group by 8.1% in the 3rd quarter. California Public Employees Retirement System now owns 83,003 shares of the transportation company’s stock valued at $3,565,000 after buying an additional 6,203 shares during the last quarter. Koch Industries Inc. purchased a new position in shares of Hub Group in the 4th quarter valued at $284,000. Walthausen & Co. LLC purchased a new position in shares of Hub Group in the 3rd quarter valued at $7,259,000. Wells Fargo & Company MN grew its position in shares of Hub Group by 12.0% in the 3rd quarter. Wells Fargo & Company MN now owns 124,403 shares of the transportation company’s stock valued at $5,342,000 after buying an additional 13,376 shares during the last quarter. Finally, Bogle Investment Management L P DE purchased a new position in shares of Hub Group in the 4th quarter valued at $1,959,000. 92.87% of the stock is currently owned by hedge funds and other institutional investors.

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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).

Analyst Recommendations for Hub Group (NASDAQ:HUBG)

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