Hub Group (NASDAQ:HUBG) has been assigned a $49.00 target price by equities research analysts at Morgan Stanley in a research note issued on Monday. The firm presently has a “hold” rating on the transportation company’s stock. Morgan Stanley’s target price suggests a potential upside of 7.57% from the company’s current price.

Several other equities analysts have also weighed in on HUBG. Susquehanna Bancshares lifted their price target on Hub Group from $61.00 to $64.00 and gave the company a “positive” rating in a research note on Thursday, August 2nd. Zacks Investment Research lowered Hub Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 11th. Buckingham Research lifted their price target on Hub Group from $46.00 to $54.00 and gave the company a “neutral” rating in a research note on Tuesday, October 30th. BidaskClub upgraded Hub Group from a “sell” rating to a “hold” rating in a research note on Wednesday, November 7th. Finally, Cowen restated a “hold” rating and issued a $53.00 price target on shares of Hub Group in a research note on Thursday, August 2nd. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company. Hub Group presently has an average rating of “Hold” and a consensus target price of $57.17.

Shares of Hub Group stock opened at $45.55 on Monday. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.23. Hub Group has a twelve month low of $38.40 and a twelve month high of $56.60. The stock has a market capitalization of $1.60 billion, a P/E ratio of 23.85 and a beta of 1.43.

Hub Group (NASDAQ:HUBG) last announced its quarterly earnings results on Thursday, October 25th. The transportation company reported $0.77 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.07. Hub Group had a return on equity of 10.77% and a net margin of 5.78%. The firm had revenue of $933.22 million during the quarter, compared to analyst estimates of $1.11 billion. Analysts forecast that Hub Group will post 2.75 earnings per share for the current fiscal year.

In related news, Director Charles R. Reaves sold 2,500 shares of Hub Group stock in a transaction dated Wednesday, September 5th. The stock was sold at an average price of $50.24, for a total value of $125,600.00. Following the sale, the director now directly owns 68,768 shares in the company, valued at approximately $3,454,904.32. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 5.75% of the company’s stock.

A number of hedge funds have recently bought and sold shares of HUBG. Victory Capital Management Inc. boosted its holdings in Hub Group by 12,002.3% in the 2nd quarter. Victory Capital Management Inc. now owns 663,086 shares of the transportation company’s stock worth $33,022,000 after buying an additional 657,607 shares during the last quarter. Voya Investment Management LLC boosted its holdings in Hub Group by 3,913.9% in the 2nd quarter. Voya Investment Management LLC now owns 570,822 shares of the transportation company’s stock worth $28,427,000 after buying an additional 556,601 shares during the last quarter. BlackRock Inc. boosted its holdings in Hub Group by 10.0% in the 3rd quarter. BlackRock Inc. now owns 5,031,121 shares of the transportation company’s stock worth $229,420,000 after buying an additional 455,514 shares during the last quarter. Intrinsic Edge Capital Management LLC acquired a new stake in Hub Group in the 2nd quarter worth about $12,932,000. Finally, Scopus Asset Management L.P. boosted its holdings in Hub Group by 29.5% in the 2nd quarter. Scopus Asset Management L.P. now owns 910,864 shares of the transportation company’s stock worth $45,361,000 after buying an additional 207,288 shares during the last quarter. Institutional investors own 90.66% of the company’s stock.

About Hub Group

Hub Group, Inc, an asset-light freight transportation management company, provides intermodal, truck brokerage, and logistics services in North America. It operates through two segments, Mode and Hub. Its intermodal services include arranging for the movement of its customers' freight in containers and trailers over long distances.

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Analyst Recommendations for Hub Group (NASDAQ:HUBG)

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