Hub Group’s (HUBG) “In-Line” Rating Reaffirmed at Evercore ISI

Hub Group (NASDAQ:HUBG)‘s stock had its “in-line” rating reaffirmed by analysts at Evercore ISI in a report issued on Tuesday, Marketbeat reports. They presently have a $44.00 target price on the transportation company’s stock. Evercore ISI’s target price would suggest a potential upside of 1.52% from the stock’s previous close.

A number of other analysts have also weighed in on the company. Susquehanna lowered their target price on Hub Group from $49.00 to $46.00 and set a “neutral” rating for the company in a report on Monday, March 25th. Benchmark restated a “buy” rating and set a $49.00 price objective on shares of Hub Group in a research note on Friday, April 26th. StockNews.com upgraded Hub Group from a “sell” rating to a “hold” rating in a research note on Friday, March 1st. Stephens reduced their target price on shares of Hub Group from $44.00 to $42.00 and set an “equal weight” rating for the company in a report on Friday, April 26th. Finally, BMO Capital Markets lowered their price target on shares of Hub Group from $48.00 to $45.00 and set a “market perform” rating on the stock in a report on Friday, April 26th. Eight equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $46.54.

Hub Group Price Performance

HUBG opened at $43.34 on Tuesday. The company has a market capitalization of $2.70 billion, a price-to-earnings ratio of 20.59 and a beta of 0.90. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.14. Hub Group has a 12-month low of $31.73 and a 12-month high of $47.58. The business’s fifty day simple moving average is $42.31 and its 200-day simple moving average is $43.20.

Hub Group (NASDAQ:HUBG) last issued its earnings results on Thursday, April 25th. The transportation company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.04. Hub Group had a net margin of 3.28% and a return on equity of 8.48%. The company had revenue of $1,000.00 million for the quarter, compared to analysts’ expectations of $1.05 billion. During the same period in the prior year, the business earned $0.94 EPS. The firm’s quarterly revenue was down 16.7% on a year-over-year basis. On average, equities research analysts anticipate that Hub Group will post 2.02 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Hub Group

A number of large investors have recently bought and sold shares of the company. CWM LLC boosted its holdings in shares of Hub Group by 3,141.7% in the 1st quarter. CWM LLC now owns 31,866 shares of the transportation company’s stock valued at $1,377,000 after acquiring an additional 30,883 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in Hub Group by 7.5% in the fourth quarter. Victory Capital Management Inc. now owns 1,801,201 shares of the transportation company’s stock valued at $165,602,000 after purchasing an additional 125,924 shares during the last quarter. CIBC Asset Management Inc acquired a new stake in Hub Group during the 4th quarter worth about $304,000. Mairs & Power Inc. raised its stake in shares of Hub Group by 30.7% during the 4th quarter. Mairs & Power Inc. now owns 129,052 shares of the transportation company’s stock valued at $11,865,000 after buying an additional 30,327 shares during the last quarter. Finally, Trexquant Investment LP raised its stake in shares of Hub Group by 336.9% during the 4th quarter. Trexquant Investment LP now owns 16,122 shares of the transportation company’s stock valued at $1,482,000 after buying an additional 12,432 shares during the last quarter. Hedge funds and other institutional investors own 46.77% of the company’s stock.

About Hub Group

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.