Susquehanna Lowers Hub Group (NASDAQ:HUBG) Price Target to $48.00

Hub Group (NASDAQ:HUBG) had its price target cut by equities research analysts at Susquehanna from $55.00 to $48.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has a “positive” rating on the transportation company’s stock. Susquehanna’s price target points to a potential upside of 26.22% from the stock’s current price.

A number of other research analysts also recently commented on the stock. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Hub Group in a research note on Friday, March 7th. They set a “hold” rating and a $41.00 price objective for the company. Benchmark boosted their price objective on shares of Hub Group from $47.00 to $49.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Barclays dropped their price objective on Hub Group from $52.00 to $50.00 and set an “equal weight” rating for the company in a report on Monday, February 10th. Finally, Stifel Nicolaus boosted their price target on Hub Group from $46.00 to $53.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Eight research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $47.18.

Hub Group Stock Performance

NASDAQ:HUBG opened at $38.03 on Wednesday. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.33 and a quick ratio of 1.30. The firm has a market cap of $2.34 billion, a PE ratio of 22.37 and a beta of 0.93. The firm has a 50 day simple moving average of $41.38 and a 200-day simple moving average of $44.48. Hub Group has a 1-year low of $36.04 and a 1-year high of $53.21.

Hub Group (NASDAQ:HUBG) last issued its quarterly earnings results on Thursday, February 6th. The transportation company reported $0.48 earnings per share for the quarter, meeting the consensus estimate of $0.48. Hub Group had a return on equity of 7.10% and a net margin of 2.64%. On average, equities analysts expect that Hub Group will post 2.2 EPS for the current year.

Institutional Trading of Hub Group

Several large investors have recently bought and sold shares of HUBG. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Hub Group in the fourth quarter valued at $206,000. Jefferies Financial Group Inc. acquired a new position in Hub Group in the 4th quarter worth $223,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Hub Group by 14.6% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 130,951 shares of the transportation company’s stock valued at $5,835,000 after buying an additional 16,644 shares during the last quarter. Vident Advisory LLC grew its stake in shares of Hub Group by 6.4% during the fourth quarter. Vident Advisory LLC now owns 12,812 shares of the transportation company’s stock valued at $571,000 after acquiring an additional 771 shares in the last quarter. Finally, Squarepoint Ops LLC increased its position in shares of Hub Group by 58.6% during the fourth quarter. Squarepoint Ops LLC now owns 55,811 shares of the transportation company’s stock worth $2,487,000 after acquiring an additional 20,613 shares during the last quarter. Institutional investors and hedge funds 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.