Hub Group (NASDAQ:HUBG) Price Target Increased to $72.00 by Analysts at Loop Capital

Hub Group (NASDAQ:HUBG) had its price target boosted by Loop Capital from $62.00 to $72.00 in a research report issued to clients and investors on Monday, January 6th, The Fly reports. The brokerage currently has a “buy” rating on the transportation company’s stock. Loop Capital’s price objective indicates a potential upside of 32.65% from the company’s previous close.

Several other equities analysts also recently commented on the company. JPMorgan Chase & Co. upgraded Hub Group from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $51.00 to $60.00 in a research report on Friday, October 4th. BidaskClub downgraded Hub Group from a “hold” rating to a “sell” rating in a research report on Saturday, December 7th. ValuEngine cut Hub Group from a “hold” rating to a “sell” rating in a report on Saturday, January 4th. Cowen reduced their target price on shares of Hub Group from $55.00 to $53.00 and set an “outperform” rating on the stock in a research note on Thursday, October 31st. Finally, Zacks Investment Research upgraded shares of Hub Group from a “hold” rating to a “buy” rating and set a $59.00 target price for the company in a research report on Saturday, January 4th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $54.78.

Hub Group stock traded up $0.86 during trading hours on Monday, hitting $54.28. The stock had a trading volume of 410 shares, compared to its average volume of 200,337. The company has a 50-day moving average of $51.29 and a two-hundred day moving average of $46.42. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.19. The company has a market cap of $1.86 billion, a PE ratio of 20.77 and a beta of 1.64. Hub Group has a fifty-two week low of $38.08 and a fifty-two week high of $55.22.

Hub Group (NASDAQ:HUBG) last announced its quarterly earnings results on Wednesday, October 30th. The transportation company reported $0.97 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.17. Hub Group had a net margin of 3.38% and a return on equity of 11.11%. The firm had revenue of $913.28 million for the quarter, compared to analyst estimates of $956.99 million. During the same quarter in the previous year, the firm posted $0.77 EPS. The business’s revenue for the quarter was down 2.1% on a year-over-year basis. As a group, analysts forecast that Hub Group will post 3.4 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of the company. Tower Research Capital LLC TRC boosted its stake in shares of Hub Group by 133.0% during the second quarter. Tower Research Capital LLC TRC now owns 615 shares of the transportation company’s stock valued at $26,000 after purchasing an additional 351 shares in the last quarter. Point72 Hong Kong Ltd lifted its position in Hub Group by 1,773.5% in the 2nd quarter. Point72 Hong Kong Ltd now owns 918 shares of the transportation company’s stock valued at $39,000 after acquiring an additional 869 shares in the last quarter. Point72 Asset Management L.P. lifted its position in Hub Group by 22.2% in the 2nd quarter. Point72 Asset Management L.P. now owns 1,552 shares of the transportation company’s stock valued at $65,000 after acquiring an additional 282 shares in the last quarter. Quantamental Technologies LLC boosted its stake in Hub Group by 13.6% during the 2nd quarter. Quantamental Technologies LLC now owns 3,425 shares of the transportation company’s stock valued at $144,000 after purchasing an additional 410 shares during the last quarter. Finally, First Mercantile Trust Co. boosted its stake in Hub Group by 147.9% during the 3rd quarter. First Mercantile Trust Co. now owns 3,119 shares of the transportation company’s stock valued at $145,000 after purchasing an additional 1,861 shares during the last quarter. Institutional investors own 94.49% of the company’s stock.

Hub Group Company Profile

Hub Group, Inc, an asset-light freight transportation management company, provides intermodal, trucking, truck brokerage, and other logistics services in North America. Its intermodal services include arranging for the movement of its customers' freight in containers and trailers over long distances.

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The Fly

Analyst Recommendations for Hub Group (NASDAQ:HUBG)

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