Barclays Raises Hub Group (NASDAQ:HUBG) Price Target to $52.00

Hub Group (NASDAQ:HUBG) had its price target boosted by equities researchers at Barclays from $42.00 to $52.00 in a report issued on Wednesday,Benzinga reports. The firm currently has an “equal weight” rating on the transportation company’s stock. Barclays‘s price objective indicates a potential upside of 4.25% from the stock’s previous close.

A number of other research firms have also weighed in on HUBG. Benchmark reaffirmed a “buy” rating and set a $47.00 price objective on shares of Hub Group in a research report on Friday, November 1st. JPMorgan Chase & Co. raised their target price on Hub Group from $43.00 to $51.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. TD Cowen boosted their price objective on shares of Hub Group from $43.00 to $49.00 and gave the company a “hold” rating in a research report on Thursday, October 31st. Evercore ISI boosted their price objective on Hub Group from $41.00 to $43.00 and gave the company an “in-line” rating in a research note on Thursday, October 3rd. Finally, UBS Group increased their price target on Hub Group from $42.00 to $48.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Ten research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Hub Group presently has a consensus rating of “Hold” and an average target price of $46.83.

Hub Group Stock Performance

NASDAQ HUBG opened at $49.88 on Wednesday. The company has a market capitalization of $3.06 billion, a P/E ratio of 28.34 and a beta of 0.89. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.30 and a current ratio of 1.30. Hub Group has a 52-week low of $36.88 and a 52-week high of $50.62. The company has a fifty day moving average of $44.80 and a 200-day moving average of $43.96.

Hub Group (NASDAQ:HUBG) last released its quarterly earnings data on Wednesday, October 30th. The transportation company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. The firm had revenue of $986.89 million during the quarter, compared to analyst estimates of $1.06 billion. Hub Group had a return on equity of 7.44% and a net margin of 2.74%. The business’s quarterly revenue was down 3.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.49 earnings per share. As a group, equities research analysts predict that Hub Group will post 1.91 EPS for the current fiscal year.

Institutional Investors Weigh In On Hub Group

Hedge funds have recently made changes to their positions in the company. Family Firm Inc. purchased a new position in Hub Group in the second quarter valued at about $26,000. GAMMA Investing LLC increased its position in Hub Group by 65.0% during the 3rd quarter. GAMMA Investing LLC now owns 711 shares of the transportation company’s stock valued at $32,000 after buying an additional 280 shares in the last quarter. Point72 Hong Kong Ltd purchased a new stake in Hub Group in the second quarter valued at about $34,000. EntryPoint Capital LLC purchased a new stake in shares of Hub Group during the first quarter worth about $52,000. Finally, Headlands Technologies LLC increased its holdings in shares of Hub Group by 179.1% during the first quarter. Headlands Technologies LLC now owns 1,496 shares of the transportation company’s stock valued at $65,000 after acquiring an additional 960 shares in the last quarter. 46.77% of the stock is currently owned by hedge funds and other institutional investors.

About Hub Group

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.