BidaskClub upgraded shares of Hub Group (NASDAQ:HUBG) from a hold rating to a buy rating in a research report released on Saturday.

Several other analysts have also recently issued reports on HUBG. Zacks Investment Research cut Hub Group from a hold rating to a sell rating in a research report on Tuesday, August 8th. KeyCorp reaffirmed a neutral rating on shares of Hub Group in a research report on Friday, August 25th. Cowen reaffirmed a hold rating and set a $40.00 target price on shares of Hub Group in a research report on Monday, August 28th. Stifel Nicolaus reaffirmed a buy rating and set a $45.00 target price on shares of Hub Group in a research report on Thursday, September 7th. Finally, BMO Capital Markets reaffirmed a hold rating and set a $42.00 target price on shares of Hub Group in a research report on Wednesday, September 20th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company. Hub Group has a consensus rating of Hold and an average price target of $45.36.

Shares of Hub Group (HUBG) traded down $0.50 during midday trading on Friday, reaching $47.30. The company’s stock had a trading volume of 285,022 shares, compared to its average volume of 338,891. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.19 and a quick ratio of 1.19. The company has a market cap of $1,610.00, a PE ratio of 27.66, a PEG ratio of 1.87 and a beta of 1.49. Hub Group has a 1-year low of $33.17 and a 1-year high of $52.50.

Hub Group (NASDAQ:HUBG) last announced its earnings results on Thursday, October 26th. The transportation company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.06. The business had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.03 billion. Hub Group had a return on equity of 8.87% and a net margin of 1.39%. The business’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.54 EPS. analysts forecast that Hub Group will post 1.69 EPS for the current year.

Several institutional investors have recently bought and sold shares of the company. BlackRock Inc. boosted its position in shares of Hub Group by 4.1% in the 2nd quarter. BlackRock Inc. now owns 5,247,266 shares of the transportation company’s stock worth $201,232,000 after purchasing an additional 209,062 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Hub Group by 2.4% in the 2nd quarter. Vanguard Group Inc. now owns 2,894,885 shares of the transportation company’s stock worth $111,019,000 after purchasing an additional 67,018 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Hub Group by 1.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,549,524 shares of the transportation company’s stock worth $109,502,000 after purchasing an additional 31,287 shares in the last quarter. Nuance Investments LLC boosted its position in shares of Hub Group by 12.8% in the 3rd quarter. Nuance Investments LLC now owns 1,711,119 shares of the transportation company’s stock worth $73,493,000 after purchasing an additional 193,540 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Hub Group by 97.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,282,256 shares of the transportation company’s stock worth $55,074,000 after purchasing an additional 634,448 shares in the last quarter. 93.78% of the stock is owned by hedge funds and other institutional investors.

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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).

Analyst Recommendations for Hub Group (NASDAQ:HUBG)

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