Hub Group (NASDAQ:HUBG) Price Target Lowered to $50.00 at Barclays

Hub Group (NASDAQ:HUBG) had its price objective dropped by research analysts at Barclays from $52.00 to $50.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has an “equal weight” rating on the transportation company’s stock. Barclays‘s price objective points to a potential upside of 20.63% from the stock’s previous close.

A number of other research analysts have also issued reports on the stock. Stifel Nicolaus increased their target price on shares of Hub Group from $46.00 to $53.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Susquehanna raised Hub Group from a “neutral” rating to a “positive” rating and set a $55.00 price target on the stock in a research report on Friday, January 3rd. Benchmark lifted their price objective on Hub Group from $47.00 to $49.00 and gave the company a “buy” rating in a report on Friday, January 10th. Finally, TD Cowen increased their target price on Hub Group from $43.00 to $49.00 and gave the stock a “hold” rating in a report on Thursday, October 31st. Nine investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Hub Group presently has a consensus rating of “Hold” and a consensus price target of $48.09.

Hub Group Stock Performance

NASDAQ:HUBG opened at $41.45 on Monday. The stock has a 50 day simple moving average of $45.84 and a 200 day simple moving average of $45.54. The stock has a market cap of $2.54 billion, a P/E ratio of 24.38 and a beta of 0.94. Hub Group has a 1-year low of $38.07 and a 1-year high of $53.21. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.12.

Hub Group (NASDAQ:HUBG) last announced its earnings results on Thursday, February 6th. The transportation company reported $0.48 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.48. Hub Group had a net margin of 2.64% and a return on equity of 7.17%. Research analysts anticipate that Hub Group will post 2.38 earnings per share for the current year.

Institutional Trading of Hub Group

A number of hedge funds have recently added to or reduced their stakes in HUBG. SG Americas Securities LLC bought a new position in shares of Hub Group in the 3rd quarter valued at $106,000. GAMMA Investing LLC raised its position 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 last quarter. CWM LLC boosted its stake in shares of Hub Group by 24.8% during the third quarter. CWM LLC now owns 2,853 shares of the transportation company’s stock valued at $130,000 after purchasing an additional 567 shares in the last quarter. Inspire Investing LLC boosted its stake in shares of Hub Group by 10.5% during the third quarter. Inspire Investing LLC now owns 9,027 shares of the transportation company’s stock valued at $410,000 after purchasing an additional 861 shares in the last quarter. Finally, nVerses Capital LLC bought a new stake in shares of Hub Group during the third quarter worth about $182,000. 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.