Hub Group (NASDAQ:HUBG) Given Buy Rating at Benchmark

Hub Group (NASDAQ:HUBG)‘s stock had its “buy” rating reaffirmed by analysts at Benchmark in a note issued to investors on Tuesday, Benzinga reports. They presently have a $49.00 price objective on the transportation company’s stock. Benchmark’s price objective would suggest a potential upside of 16.95% from the stock’s previous close.

A number of other research firms also recently commented on HUBG. Susquehanna dropped their price objective on Hub Group from $49.00 to $46.00 and set a “neutral” rating on the stock in a report on Monday, March 25th. Evercore ISI restated an “in-line” rating and issued a $44.00 price objective on shares of Hub Group in a report on Tuesday, June 25th. BMO Capital Markets lowered their price target on Hub Group from $48.00 to $45.00 and set a “market perform” rating on the stock in a report on Friday, April 26th. Finally, Stephens lowered their price target on Hub Group from $44.00 to $42.00 and set an “equal weight” rating on the stock in a report on Friday, April 26th. Eight research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $46.29.

Hub Group Price Performance

NASDAQ HUBG opened at $41.90 on Tuesday. The stock’s 50-day moving average price is $42.93 and its two-hundred day moving average price is $43.12. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.14. The company has a market cap of $2.61 billion, a PE ratio of 19.90 and a beta of 0.90. Hub Group has a 1 year low of $31.73 and a 1 year high of $47.58.

Hub Group (NASDAQ:HUBG) last issued its earnings results on Thursday, April 25th. The transportation company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.04. The company had revenue of $1,000.00 million for the quarter, compared to the consensus estimate of $1.05 billion. Hub Group had a return on equity of 8.48% and a net margin of 3.28%. The firm’s quarterly revenue was down 16.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.94 EPS. On average, analysts predict that Hub Group will post 2.02 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Cardinal Capital Management lifted its holdings in shares of Hub Group by 1.1% during the fourth quarter. Cardinal Capital Management now owns 16,193 shares of the transportation company’s stock valued at $1,489,000 after acquiring an additional 177 shares during the period. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in shares of Hub Group by 81.5% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 744 shares of the transportation company’s stock valued at $32,000 after acquiring an additional 334 shares during the period. Silicon Valley Capital Partners lifted its holdings in shares of Hub Group by 100.6% during the first quarter. Silicon Valley Capital Partners now owns 682 shares of the transportation company’s stock valued at $29,000 after acquiring an additional 342 shares during the period. Anchor Investment Management LLC bought a new position in shares of Hub Group during the fourth quarter valued at $37,000. Finally, Covestor Ltd lifted its holdings in shares of Hub Group by 37.4% during the first quarter. Covestor Ltd now owns 1,609 shares of the transportation company’s stock valued at $70,000 after acquiring an additional 438 shares during the period. 46.77% of the stock is owned by institutional investors.

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.