Hub Group, Inc. (NASDAQ:HUBG) had its price objective decreased by Barclays PLC from $40.00 to $38.00 in a report published on Thursday morning. Barclays PLC currently has an underweight rating on the transportation company’s stock.

A number of other research firms also recently commented on HUBG. Cowen and Company reissued a market perform rating and issued a $41.00 price objective (down previously from $44.00) on shares of Hub Group in a research note on Thursday, April 27th. Zacks Investment Research downgraded Hub Group from a hold rating to a strong sell rating in a research note on Tuesday, April 18th. Stifel Nicolaus raised Hub Group from a hold rating to a buy rating and boosted their price objective for the stock from $44.00 to $45.00 in a research note on Tuesday, May 30th. BMO Capital Markets reissued a hold rating and issued a $42.00 price objective on shares of Hub Group in a research note on Friday, May 19th. Finally, J P Morgan Chase & Co started coverage on Hub Group in a research note on Tuesday, May 23rd. They issued a neutral rating and a $37.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of $40.83.

Shares of Hub Group (NASDAQ HUBG) traded up 0.29% on Thursday, hitting $34.05. The stock had a trading volume of 365,640 shares. The firm has a market cap of $1.16 billion, a P/E ratio of 20.28 and a beta of 1.41. Hub Group has a 12-month low of $33.17 and a 12-month high of $52.50. The company’s 50-day moving average price is $38.00 and its 200 day moving average price is $42.06.

Hub Group (NASDAQ:HUBG) last posted its quarterly earnings data on Wednesday, July 26th. The transportation company reported $0.29 EPS for the quarter, missing the Zacks’ consensus estimate of $0.37 by $0.08. Hub Group had a return on equity of 9.49% and a net margin of 1.50%. The firm had revenue of $924.50 million during the quarter, compared to the consensus estimate of $930.59 million. During the same period in the prior year, the firm posted $0.61 EPS. The firm’s quarterly revenue was up 8.1% on a year-over-year basis. On average, equities research analysts forecast that Hub Group will post $1.52 earnings per share for the current fiscal year.

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Several large investors have recently made changes to their positions in the company. Quantbot Technologies LP bought a new stake in shares of Hub Group during the first quarter worth about $112,000. Ameritas Investment Partners Inc. bought a new stake in shares of Hub Group during the first quarter worth about $134,000. State of Alaska Department of Revenue raised its stake in shares of Hub Group by 1.7% in the first quarter. State of Alaska Department of Revenue now owns 3,690 shares of the transportation company’s stock worth $171,000 after buying an additional 60 shares during the period. Stevens Capital Management LP bought a new stake in shares of Hub Group during the first quarter worth about $203,000. Finally, Amalgamated Bank bought a new stake in shares of Hub Group during the first quarter worth about $206,000. 94.19% of the stock is currently owned by institutional investors.

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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