BMO Capital Markets Boosts Hub Group (NASDAQ:HUBG) Price Target to $40.00

Hub Group (NASDAQ:HUBG) had its price objective lifted by analysts at BMO Capital Markets from $38.00 to $40.00 in a report issued on Monday,Benzinga reports. The brokerage currently has a “market perform” rating on the transportation company’s stock. BMO Capital Markets’ price target suggests a potential upside of 12.77% from the stock’s current price.

A number of other equities research analysts have also commented on the stock. Barclays lowered their price target on shares of Hub Group from $40.00 to $38.00 and set an “equal weight” rating for the company in a report on Thursday, October 2nd. UBS Group reiterated a “neutral” rating and set a $38.00 price target (up from $36.00) on shares of Hub Group in a report on Friday, October 10th. Zacks Research lowered shares of Hub Group from a “hold” rating to a “strong sell” rating in a report on Monday, October 6th. Stifel Nicolaus set a $41.00 price target on shares of Hub Group and gave the company a “buy” rating in a report on Friday, October 3rd. Finally, Evercore ISI upped their price target on shares of Hub Group from $37.00 to $38.00 and gave the company an “in-line” rating in a report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Hub Group currently has an average rating of “Hold” and an average price target of $39.83.

Hub Group Trading Down 0.1%

Shares of HUBG opened at $35.47 on Monday. The firm has a market cap of $2.17 billion, a price-to-earnings ratio of 21.50, a PEG ratio of 1.23 and a beta of 1.12. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.42 and a current ratio of 1.42. Hub Group has a fifty-two week low of $30.75 and a fifty-two week high of $53.21. The firm has a 50 day moving average price of $35.84 and a 200-day moving average price of $34.85.

Hub Group (NASDAQ:HUBG) last announced its quarterly earnings data on Thursday, October 30th. The transportation company reported $0.49 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.49. The firm had revenue of $934.50 million during the quarter, compared to analyst estimates of $937.78 million. Hub Group had a net margin of 2.65% and a return on equity of 6.81%. The business’s quarterly revenue was down 5.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.52 EPS. Hub Group has set its FY 2025 guidance at 1.800-1.900 EPS. As a group, equities research analysts forecast that Hub Group will post 2.2 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Ashton Thomas Private Wealth LLC purchased a new position in Hub Group during the 3rd quarter valued at $276,000. Allianz Asset Management GmbH increased its position in Hub Group by 43.9% during the 3rd quarter. Allianz Asset Management GmbH now owns 69,374 shares of the transportation company’s stock valued at $2,389,000 after purchasing an additional 21,161 shares during the period. Illumine Investment Management LLC grew its position in shares of Hub Group by 3.3% in the 3rd quarter. Illumine Investment Management LLC now owns 16,424 shares of the transportation company’s stock worth $566,000 after buying an additional 524 shares during the period. Keybank National Association OH grew its position in shares of Hub Group by 7.1% in the 3rd quarter. Keybank National Association OH now owns 15,719 shares of the transportation company’s stock worth $541,000 after buying an additional 1,036 shares during the period. Finally, New York State Common Retirement Fund grew its position in shares of Hub Group by 353.0% in the 3rd quarter. New York State Common Retirement Fund now owns 87,559 shares of the transportation company’s stock worth $3,016,000 after buying an additional 68,232 shares during the period. 46.77% of the stock is 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.