Hub Group (HUBG) Stock Rating Reaffirmed by Stephens
Hub Group (NASDAQ:HUBG)‘s stock had its “overweight” rating restated by analysts at Stephens in a report released on Thursday. They presently have a $57.00 target price on the transportation company’s stock, up from their previous target price of $50.00. Stephens’ price objective would suggest a potential upside of 22.58% from the company’s current price.
Several other research firms have also recently weighed in on HUBG. Barclays reiterated a “sell” rating and issued a $45.00 price target on shares of Hub Group in a report on Wednesday. Robert W. Baird restated a “hold” rating and set a $45.00 target price on shares of Hub Group in a report on Friday, October 6th. Loop Capital started coverage on shares of Hub Group in a report on Tuesday, October 3rd. They set a “hold” rating and a $47.00 target price on the stock. KeyCorp restated a “neutral” rating on shares of Hub Group in a report on Friday, August 25th. Finally, Buckingham Research began coverage on Hub Group in a research report on Friday, October 20th. They issued a “neutral” rating and a $43.00 price target for the company. One analyst has rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company. Hub Group currently has an average rating of “Hold” and a consensus price target of $46.75.
Shares of Hub Group (NASDAQ HUBG) traded down $0.15 on Thursday, reaching $46.50. 566,511 shares of the company were exchanged, compared to its average volume of 227,879. The stock has a market capitalization of $1,591.37, a P/E ratio of 27.28, a P/E/G ratio of 1.83 and a beta of 1.49. Hub Group has a 1-year low of $33.17 and a 1-year high of $52.50. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.19 and a quick ratio of 1.19.
Large investors have recently added to or reduced their stakes in the stock. GSA Capital Partners LLP increased its stake in Hub Group by 275.6% in the third quarter. GSA Capital Partners LLP now owns 26,680 shares of the transportation company’s stock worth $1,146,000 after purchasing an additional 19,577 shares during the period. Fieldpoint Private Securities LLC purchased a new stake in Hub Group in the third quarter worth $100,000. Walthausen & Co. LLC purchased a new stake in Hub Group in the third quarter worth $7,259,000. California Public Employees Retirement System increased its stake in Hub Group by 8.1% in the third quarter. California Public Employees Retirement System now owns 83,003 shares of the transportation company’s stock worth $3,565,000 after purchasing an additional 6,203 shares during the period. Finally, Point72 Asset Management L.P. grew its position in shares of Hub Group by 162.0% during the 3rd quarter. Point72 Asset Management L.P. now owns 118,700 shares of the transportation company’s stock worth $5,098,000 after buying an additional 73,400 shares in the last quarter. Institutional investors own 93.87% of the company’s stock.
Hub Group Company Profile
Hub Group, Inc is an asset-light freight transportation management company. The Company offers intermodal, truck brokerage and logistics services. It operates through two business segments: Mode and Hub. The Mode segment markets and operates its freight transportation services, consisting of intermodal, truck brokerage and logistics, primarily through agents entering into contractual arrangements with Mode Transportation, LLC (Mode LLC).
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