Stifel Nicolaus Issues Positive Forecast for Hub Group (NASDAQ:HUBG) Stock Price

Hub Group (NASDAQ:HUBG) had its target price boosted by equities research analysts at Stifel Nicolaus from $46.00 to $53.00 in a report issued on Thursday,Benzinga reports. The firm currently has a “buy” rating on the transportation company’s stock. Stifel Nicolaus’ target price would suggest a potential upside of 17.20% from the company’s current price.

HUBG has been the subject of several other reports. TD Cowen lifted their target price on shares of Hub Group from $43.00 to $49.00 and gave the company a “hold” rating in a report on Thursday, October 31st. Evercore ISI lifted their price objective on Hub Group from $41.00 to $43.00 and gave the company an “in-line” rating in a research note on Thursday, October 3rd. Barclays increased their target price on Hub Group from $42.00 to $52.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 13th. Susquehanna raised Hub Group from a “neutral” rating to a “positive” rating and set a $55.00 price target for the company in a research report on Friday, January 3rd. Finally, Benchmark increased their price objective on shares of Hub Group from $47.00 to $49.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Nine equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $48.42.

Hub Group Trading Down 0.5 %

NASDAQ HUBG opened at $45.22 on Thursday. The firm has a market capitalization of $2.77 billion, a PE ratio of 25.69 and a beta of 0.94. The stock’s 50 day moving average is $47.25 and its 200 day moving average is $45.54. Hub Group has a twelve month low of $38.07 and a twelve month high of $53.21. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.12.

Hub Group (NASDAQ:HUBG) last announced its earnings results on Wednesday, October 30th. The transportation company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. The firm had revenue of $986.89 million for the quarter, compared to analysts’ expectations of $1.06 billion. Hub Group had a net margin of 2.74% and a return on equity of 7.44%. The company’s quarterly revenue was down 3.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.49 EPS. Research analysts forecast that Hub Group will post 1.91 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Hub Group

Hedge funds have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. increased its position in Hub Group by 12.5% during the second quarter. Envestnet Asset Management Inc. now owns 81,759 shares of the transportation company’s stock valued at $3,520,000 after acquiring an additional 9,101 shares during the last quarter. Vanguard Personalized Indexing Management LLC bought a new stake in shares of Hub Group during the 2nd quarter valued at about $249,000. Intech Investment Management LLC purchased a new stake in shares of Hub Group during the 2nd quarter valued at about $493,000. Sei Investments Co. lifted its stake in shares of Hub Group by 44.1% in the 2nd quarter. Sei Investments Co. now owns 40,465 shares of the transportation company’s stock worth $1,742,000 after purchasing an additional 12,380 shares during the period. Finally, Public Sector Pension Investment Board boosted its holdings in shares of Hub Group by 6.3% in the second quarter. Public Sector Pension Investment Board now owns 135,874 shares of the transportation company’s stock worth $5,849,000 after buying an additional 8,002 shares during the last quarter. 46.77% of the stock is currently owned by hedge funds and other institutional investors.

Hub Group Company Profile

Hub Group, Inc, a supply chain solutions provider, offers transportation and logistics management services in North America. The company's transportation services include intermodal, truckload, less-than-truckload, flatbed, temperature-controlled, and dedicated and regional trucking, as well as final mile, railcar, small parcel, and international transportation.