Hub Group (NASDAQ:HUBG) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Hub Group (NASDAQ:HUBG) had its target price upped by stock analysts at Stifel Nicolaus from $27.00 to $29.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “sell” rating on the transportation company’s stock. Stifel Nicolaus’ price objective suggests a potential downside of 20.55% from the stock’s previous close.

HUBG has been the subject of several other research reports. Benchmark raised their price target on shares of Hub Group from $40.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday, January 23rd. JPMorgan Chase & Co. upped their price target on Hub Group from $42.00 to $50.00 and gave the company a “neutral” rating in a research report on Monday, January 12th. Raymond James Financial reiterated an “outperform” rating and set a $50.00 price target on shares of Hub Group in a research note on Monday, February 9th. Morgan Stanley set a $46.00 target price on shares of Hub Group and gave the stock an “equal weight” rating in a research report on Monday, December 8th. Finally, Evercore set a $53.00 target price on shares of Hub Group and gave the stock an “outperform” rating in a research note on Monday, January 12th. Seven research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $43.33.

Hub Group Price Performance

Shares of NASDAQ:HUBG opened at $36.50 on Thursday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.47 and a current ratio of 1.47. Hub Group has a 52-week low of $30.75 and a 52-week high of $53.26. The business’s 50 day simple moving average is $40.65 and its two-hundred day simple moving average is $39.74. The firm has a market cap of $2.23 billion, a P/E ratio of 21.10, a PEG ratio of 1.15 and a beta of 1.16.

Hedge Funds Weigh In On Hub Group

Institutional investors have recently added to or reduced their stakes in the company. Rockefeller Capital Management L.P. increased its position in Hub Group by 121.2% during the 4th quarter. Rockefeller Capital Management L.P. now owns 64,261 shares of the transportation company’s stock valued at $2,738,000 after buying an additional 35,204 shares in the last quarter. Corient Private Wealth LLC grew its position in Hub Group by 9.6% during the 4th quarter. Corient Private Wealth LLC now owns 7,666 shares of the transportation company’s stock valued at $328,000 after purchasing an additional 673 shares during the last quarter. MidFirst Bank bought a new stake in Hub Group during the 4th quarter valued at about $153,000. River Road Asset Management LLC raised its holdings in Hub Group by 6.6% in the fourth quarter. River Road Asset Management LLC now owns 1,320,784 shares of the transportation company’s stock worth $56,279,000 after buying an additional 81,764 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in Hub Group by 8.1% in the fourth quarter. Invesco Ltd. now owns 2,118,108 shares of the transportation company’s stock worth $90,253,000 after buying an additional 159,174 shares during the last quarter. Institutional investors own 46.77% of the company’s stock.

Hub Group Company Profile

Hub Group, Inc (NASDAQ: HUBG) is a leading supply chain solutions provider headquartered in Oak Brook, Illinois. Founded in 1971 as Hub City Terminals and renamed Hub Group in 1978, the company completed its initial public offering in 2007. Over the decades, Hub Group has developed a comprehensive multimodal transportation network, leveraging partnerships with major rail carriers and an extensive drayage fleet to offer cost-efficient, sustainable shipping alternatives.

The company operates through two primary segments: Intermodal and Transportation Management.