Hub Group, Inc. (HUBG) Price Target Lowered to $40.00 at Cowen and Company
Hub Group, Inc. (NASDAQ:HUBG) had its target price reduced by Cowen and Company from $42.00 to $40.00 in a report published on Thursday morning, MarketBeat.com reports. Cowen and Company currently has a market perform rating on the transportation company’s stock.
Several other research firms have also recently issued reports on HUBG. Zacks Investment Research cut Hub Group from a buy rating to a hold rating in a research report on Friday, April 7th. BidaskClub upgraded Hub Group from a strong sell rating to a sell rating in a report on Thursday, June 29th. TheStreet cut Hub Group from a b rating to a c+ rating in a report on Friday, April 28th. Stifel Nicolaus restated a hold rating and set a $44.00 price target (down previously from $51.00) on shares of Hub Group in a report on Friday, April 14th. Finally, J P Morgan Chase & Co started coverage on Hub Group in a report on Tuesday, May 23rd. They set a neutral rating and a $37.00 price target for the company. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. Hub Group currently has an average rating of Hold and a consensus price target of $40.83.
Shares of Hub Group (NASDAQ:HUBG) traded up 0.663% during mid-day trading on Thursday, hitting $34.175. The stock had a trading volume of 187,493 shares. The company has a market cap of $1.17 billion, a PE ratio of 20.354 and a beta of 1.41. The stock’s 50-day moving average is $38.00 and its 200 day moving average is $42.06. Hub Group has a 12 month low of $33.18 and a 12 month high of $52.50.
Hub Group (NASDAQ:HUBG) last released its earnings results on Wednesday, July 26th. The transportation company reported $0.29 earnings per share (EPS) for the quarter, missing the 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 business had revenue of $924.50 million for the quarter, compared to analysts’ expectations of $930.59 million. During the same quarter in the prior year, the business posted $0.61 EPS. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. 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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Large investors have recently modified their holdings of the company. BlackRock Inc. raised its stake in shares of Hub Group by 19,453.7% in the first quarter. BlackRock Inc. now owns 5,038,204 shares of the transportation company’s stock worth $233,773,000 after buying an additional 5,012,438 shares in the last quarter. Norges Bank acquired a new stake in shares of Hub Group during the fourth quarter worth about $22,949,000. FMR LLC raised its stake in shares of Hub Group by 10.7% in the first quarter. FMR LLC now owns 3,270,552 shares of the transportation company’s stock worth $151,754,000 after buying an additional 317,119 shares in the last quarter. Bank of Montreal Can raised its stake in shares of Hub Group by 345.4% in the second quarter. Bank of Montreal Can now owns 235,492 shares of the transportation company’s stock worth $9,031,000 after buying an additional 182,622 shares in the last quarter. Finally, HighTower Advisors LLC raised its stake in shares of Hub Group by 472.7% in the first quarter. HighTower Advisors LLC now owns 190,203 shares of the transportation company’s stock worth $8,823,000 after buying an additional 156,989 shares in the last quarter. 94.19% of the stock is owned by hedge funds and other institutional investors.
About Hub Group
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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