Hub Group (NASDAQ:HUBG) Receives “Buy” Rating from Benchmark

Hub Group (NASDAQ:HUBG)‘s stock had its “buy” rating restated by equities research analysts at Benchmark in a research report issued on Friday, Benzinga reports. They presently have a $49.00 target price on the transportation company’s stock. Benchmark’s price target suggests a potential upside of 22.71% from the company’s previous close.

Several other equities analysts have also recently commented on HUBG. Stifel Nicolaus boosted their price target on shares of Hub Group from $49.50 to $52.00 and gave the company a “buy” rating in a report on Wednesday, January 10th. Stephens decreased their price objective on shares of Hub Group from $44.00 to $42.00 and set an “equal weight” rating for the company in a report on Friday. TD Cowen upped their price objective on shares of Hub Group from $52.00 to $54.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. Morgan Stanley upped their price objective on shares of Hub Group from $43.00 to $44.00 and gave the stock an “equal weight” rating in a report on Monday, February 12th. Finally, Wells Fargo & Company upped their price objective on shares of Hub Group from $45.00 to $50.00 and gave the stock an “overweight” rating in a report on Friday, February 2nd. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Hub Group currently has a consensus rating of “Hold” and an average target price of $46.54.

Hub Group Price Performance

Shares of NASDAQ:HUBG opened at $39.93 on Friday. The company’s fifty day moving average is $41.88 and its two-hundred day moving average is $41.60. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.15. Hub Group has a 12-month low of $31.73 and a 12-month high of $47.58. The company has a market cap of $2.51 billion, a P/E ratio of 18.97 and a beta of 0.89.

Hub Group (NASDAQ:HUBG) last announced its earnings results on Thursday, April 25th. The transportation company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.04. Hub Group had a net margin of 3.28% and a return on equity of 8.47%. The company had revenue of $1,000.00 million for the quarter, compared to the consensus estimate of $1.05 billion. During the same period in the previous year, the business earned $0.94 EPS. The company’s revenue was down 16.7% on a year-over-year basis. Equities analysts expect that Hub Group will post 2.19 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP raised its position in shares of Hub Group by 2.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,475,738 shares of the transportation company’s stock valued at $227,623,000 after buying an additional 50,783 shares during the last quarter. Victory Capital Management Inc. raised its position in Hub Group by 7.5% in the fourth quarter. Victory Capital Management Inc. now owns 1,801,201 shares of the transportation company’s stock worth $165,602,000 after purchasing an additional 125,924 shares in the last quarter. Invesco Ltd. raised its position in Hub Group by 5.9% in the third quarter. Invesco Ltd. now owns 728,542 shares of the transportation company’s stock worth $57,220,000 after purchasing an additional 40,578 shares in the last quarter. Pacer Advisors Inc. raised its position in Hub Group by 54.5% in the fourth quarter. Pacer Advisors Inc. now owns 727,572 shares of the transportation company’s stock worth $66,893,000 after purchasing an additional 256,551 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in Hub Group by 3.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 509,104 shares of the transportation company’s stock worth $46,807,000 after purchasing an additional 18,187 shares in the last quarter. Institutional investors and hedge funds own 46.77% of the company’s stock.

Hub Group Company Profile

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.