Brokerages Set Hub Group, Inc. (NASDAQ:HUBG) Target Price at $46.83

by · The Cerbat Gem

Hub Group, Inc. (NASDAQ:HUBG – Get Free Report) has received an average recommendation of “Hold” from the twelve brokerages that are presently covering the firm, Marketbeat.com reports. Nine equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $46.83.

A number of analysts have recently weighed in on HUBG shares. Evercore ISI upped their price target on shares of Hub Group from $41.00 to $43.00 and gave the stock an “in-line” rating in a report on Thursday, October 3rd. TD Cowen raised their target price on Hub Group from $43.00 to $49.00 and gave the company a “hold” rating in a report on Thursday, October 31st. Benchmark reissued a “buy” rating and set a $47.00 price target on shares of Hub Group in a report on Friday, November 1st. Barclays raised their price objective on Hub Group from $42.00 to $52.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 13th. Finally, Susquehanna lowered their target price on Hub Group from $50.00 to $48.00 and set a “neutral” rating for the company in a research note on Friday, November 1st.

Get Our Latest Analysis on Hub Group

Hub Group Trading Down 4.4 %

Shares of NASDAQ:HUBG opened at $43.07 on Friday. The company has a market capitalization of $2.64 billion, a P/E ratio of 24.47 and a beta of 0.92. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.30 and a quick ratio of 1.30. The business’s 50 day simple moving average is $47.74 and its 200 day simple moving average is $45.26. Hub Group has a 1 year low of $38.07 and a 1 year high of $53.21.

Hub Group (NASDAQ:HUBG – Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The transportation company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. Hub Group had a return on equity of 7.44% and a net margin of 2.74%. The company had revenue of $986.89 million for the quarter, compared to analysts’ expectations of $1.06 billion. During the same quarter last year, the business earned $0.49 earnings per share. Hub Group’s revenue was down 3.7% on a year-over-year basis. On average, research analysts anticipate that Hub Group will post 1.91 EPS for the current fiscal year.

Hub Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date was Friday, December 6th. Hub Group’s payout ratio is 28.41%.

Hedge Funds Weigh In On Hub Group

Hedge funds have recently modified their holdings of the business. GAMMA Investing LLC increased its holdings in Hub Group by 65.0% in the third quarter. GAMMA Investing LLC now owns 711 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 280 shares during the period. Arizona State Retirement System increased its stake in shares of Hub Group by 1.6% in the second quarter. Arizona State Retirement System now owns 17,427 shares of the transportation company’s stock valued at $750,000 after buying an additional 282 shares during the period. Inspire Advisors LLC raised its position in shares of Hub Group by 1.7% during the second quarter. Inspire Advisors LLC now owns 17,327 shares of the transportation company’s stock worth $746,000 after acquiring an additional 284 shares during the last quarter. Highland Capital Management LLC lifted its stake in shares of Hub Group by 9.4% in the third quarter. Highland Capital Management LLC now owns 5,086 shares of the transportation company’s stock worth $231,000 after acquiring an additional 437 shares during the period. Finally, Aristides Capital LLC boosted its holdings in Hub Group by 9.2% in the second quarter. Aristides Capital LLC now owns 5,987 shares of the transportation company’s stock valued at $258,000 after acquiring an additional 506 shares during the last quarter. Institutional investors and hedge funds own 46.77% of the company’s stock.

About Hub Group

(Get Free Report

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.

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