Hub Group (HUBG) Lifted to Buy at Zacks Investment Research

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Zacks Investment Research upgraded shares of Hub Group (NASDAQ:HUBG) from a hold rating to a buy rating in a report issued on Wednesday morning. The brokerage currently has $50.00 target price on the transportation company’s stock.

According to Zacks, “Hub Group, Inc. is a transportation management company that provides multi-modal solutions throughout North America, including intermodal, truck brokerage, dedicated and logistics services. The company is one of the largest over-the-road brokers in North America. The Company arranges for the movement of its customers’ freight in containers and trailers over long distances. Hub Group operates through a nationwide network of hubs, located near significant concentrations of shipping customers and railheads. As a publicly traded company, Hub Group delivers innovative, customer-focused solutions and industry leading service to help customers better control supply chains and their costs. It operates through a nationwide network of hubs, located near significant concentrations of shipping customers and railheads. The company is headquartered in Cambridge, MA. “

Other research analysts also recently issued research reports about the company. BidaskClub raised Hub Group from a strong sell rating to a sell rating in a report on Thursday, October 18th. BMO Capital Markets lowered their target price on Hub Group from $55.00 to $49.00 and set a market perform rating on the stock in a report on Wednesday, October 3rd. Buckingham Research increased their target price on Hub Group from $46.00 to $54.00 and gave the company a neutral rating in a report on Tuesday, October 30th. Stifel Nicolaus raised Hub Group from a hold rating to a buy rating and increased their target price for the company from $53.00 to $58.00 in a report on Tuesday, November 6th. Finally, UBS Group downgraded Hub Group from a buy rating to a neutral rating and lowered their target price for the company from $53.00 to $48.00 in a report on Tuesday. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of $55.50.

HUBG stock opened at $40.29 on Wednesday. Hub Group has a fifty-two week low of $38.40 and a fifty-two week high of $56.60. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.54 and a current ratio of 1.54. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of 15.92 and a beta of 1.42.

Hub Group (NASDAQ:HUBG) last posted its earnings results on Thursday, October 25th. The transportation company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.07. Hub Group had a return on equity of 10.77% and a net margin of 5.78%. The company had revenue of $933.22 million for the quarter, compared to the consensus estimate of $1.11 billion. On average, equities analysts predict that Hub Group will post 2.82 earnings per share for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of HUBG. Principal Financial Group Inc. increased its position in Hub Group by 5.3% in the first quarter. Principal Financial Group Inc. now owns 263,602 shares of the transportation company’s stock worth $11,032,000 after buying an additional 13,284 shares in the last quarter. Amalgamated Bank purchased a new stake in Hub Group in the second quarter worth about $256,000. BNP Paribas Arbitrage SA increased its position in Hub Group by 26.3% in the second quarter. BNP Paribas Arbitrage SA now owns 29,659 shares of the transportation company’s stock worth $1,477,000 after buying an additional 6,170 shares in the last quarter. First Trust Advisors LP increased its position in Hub Group by 244.2% in the second quarter. First Trust Advisors LP now owns 57,807 shares of the transportation company’s stock worth $2,879,000 after buying an additional 41,013 shares in the last quarter. Finally, Victory Capital Management Inc. increased its position in Hub Group by 12,002.3% in the second quarter. Victory Capital Management Inc. now owns 663,086 shares of the transportation company’s stock worth $33,022,000 after buying an additional 657,607 shares in the last quarter. Institutional investors and hedge funds own 90.78% of the company’s stock.

About Hub Group

Hub Group, Inc, an asset-light freight transportation management company, provides intermodal, truck brokerage, and logistics services in North America. It operates through two segments, Mode and Hub. Its intermodal services include arranging for the movement of its customers' freight in containers and trailers over long distances.

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