Hub Group (NASDAQ:HUBG) Upgraded by Zacks Investment Research to Buy

Zacks Investment Research upgraded shares of Hub Group (NASDAQ:HUBGGet Rating) from a hold rating to a buy rating in a research report released on Wednesday, Zacks.com reports. The brokerage currently has $83.00 price target on the transportation company’s stock.

According to Zacks, “Hub Group, Inc. is a transportation management company that provides multi-modal solutions throughout North America, including intermodal, truck brokerage, dedicated and logistics services. The company is one of the largest over-the-road brokers in North America. The Company arranges for the movement of its customers’ freight in containers and trailers over long distances. Hub Group operates through a nationwide network of hubs, located near significant concentrations of shipping customers and railheads. As a publicly traded company, Hub Group delivers innovative, customer-focused solutions and industry leading service to help customers better control supply chains and their costs. It operates through a nationwide network of hubs, located near significant concentrations of shipping customers and railheads. The company is headquartered in Cambridge, MA. “

HUBG has been the subject of several other research reports. Wells Fargo & Company increased their target price on shares of Hub Group from $96.00 to $100.00 and gave the stock an overweight rating in a report on Wednesday, February 9th. Robert W. Baird increased their price target on shares of Hub Group from $85.00 to $92.00 in a research note on Friday, April 29th. Cowen increased their price target on shares of Hub Group from $95.00 to $109.00 in a research note on Friday, April 29th. UBS Group increased their price target on shares of Hub Group from $90.00 to $93.00 and gave the company a buy rating in a research note on Wednesday, February 9th. Finally, Susquehanna increased their price target on shares of Hub Group from $83.00 to $105.00 in a research note on Friday, April 29th. Four investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, Hub Group presently has a consensus rating of Buy and an average price target of $91.38.

Shares of HUBG stock opened at $78.36 on Wednesday. The firm has a fifty day moving average of $74.00 and a 200-day moving average of $78.11. The company has a quick ratio of 1.30, a current ratio of 1.42 and a debt-to-equity ratio of 0.12. Hub Group has a 12-month low of $60.81 and a 12-month high of $87.21. The company has a market capitalization of $2.72 billion, a price-to-earnings ratio of 11.01 and a beta of 0.94.

Hub Group (NASDAQ:HUBGGet Rating) last issued its quarterly earnings data on Thursday, April 28th. The transportation company reported $2.58 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.43 by $1.15. Hub Group had a net margin of 5.24% and a return on equity of 18.49%. The company had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter in the prior year, the firm earned $0.51 earnings per share. The firm’s revenue was up 41.2% compared to the same quarter last year. On average, equities analysts expect that Hub Group will post 9.47 EPS for the current year.

A number of institutional investors have recently modified their holdings of the business. Leuthold Group LLC raised its position in shares of Hub Group by 0.3% in the 3rd quarter. Leuthold Group LLC now owns 42,271 shares of the transportation company’s stock valued at $2,906,000 after buying an additional 124 shares in the last quarter. Synovus Financial Corp raised its position in shares of Hub Group by 1.3% in the 3rd quarter. Synovus Financial Corp now owns 11,471 shares of the transportation company’s stock valued at $790,000 after buying an additional 144 shares in the last quarter. Mutual of America Capital Management LLC raised its position in shares of Hub Group by 3.3% in the 4th quarter. Mutual of America Capital Management LLC now owns 4,641 shares of the transportation company’s stock valued at $391,000 after buying an additional 147 shares in the last quarter. Point72 Hong Kong Ltd raised its position in shares of Hub Group by 38.1% in the 3rd quarter. Point72 Hong Kong Ltd now owns 602 shares of the transportation company’s stock valued at $41,000 after buying an additional 166 shares in the last quarter. Finally, CIBC Asset Management Inc raised its position in shares of Hub Group by 4.4% in the 4th quarter. CIBC Asset Management Inc now owns 3,989 shares of the transportation company’s stock valued at $336,000 after buying an additional 167 shares in the last quarter. Institutional investors and hedge funds own 91.81% of the company’s stock.

About Hub Group (Get Rating)

Hub Group, Inc, a supply chain solutions provider, offers transportation and logistics management services in North America. The company's transportation services include intermodal, truckload, less-than-truckload, flatbed, temperature-controlled, and dedicated and regional trucking, as well as final mile, railcar, small parcel, and international transportation.

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