Hub Group (NASDAQ:HUBG) Stock Price Expected to Rise, TD Cowen Analyst Says

Hub Group (NASDAQ:HUBG) had its price target boosted by stock analysts at TD Cowen from $43.00 to $49.00 in a note issued to investors on Thursday, Marketbeat reports. The brokerage presently has a “hold” rating on the transportation company’s stock. TD Cowen’s price objective suggests a potential upside of 13.29% from the company’s previous close.

Other research analysts have also issued research reports about the company. Evercore ISI raised their price objective on Hub Group from $41.00 to $43.00 and gave the company an “in-line” rating in a report on Thursday, October 3rd. UBS Group upped their target price on Hub Group from $42.00 to $48.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Stifel Nicolaus reduced their price target on Hub Group from $45.00 to $43.00 and set a “buy” rating on the stock in a report on Tuesday, August 6th. Susquehanna upped their price objective on shares of Hub Group from $44.00 to $50.00 and gave the company a “neutral” rating in a report on Thursday, September 26th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Hub Group from $43.00 to $51.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Ten investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $46.00.

Hub Group Stock Performance

Shares of HUBG stock opened at $43.25 on Thursday. Hub Group has a 52-week low of $33.38 and a 52-week high of $48.39. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.13. The stock has a market cap of $2.69 billion, a PE ratio of 24.57 and a beta of 0.88. The business has a 50-day simple moving average of $44.32 and a 200-day simple moving average of $43.44.

Hub Group (NASDAQ:HUBG) last released its earnings results on Wednesday, October 30th. The transportation company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. Hub Group had a net margin of 2.74% and a return on equity of 7.43%. The business had revenue of $986.89 million during the quarter, compared to analysts’ expectations of $1.06 billion. During the same quarter in the previous year, the company earned $0.49 earnings per share. The company’s quarterly revenue was down 3.7% on a year-over-year basis. On average, equities analysts expect that Hub Group will post 1.92 EPS for the current year.

Institutional Investors Weigh In On Hub Group

Several large investors have recently added to or reduced their stakes in the business. Family Firm Inc. purchased a new position in Hub Group in the 2nd quarter valued at approximately $26,000. GAMMA Investing LLC grew its stake in Hub Group by 65.0% during the 3rd quarter. GAMMA Investing LLC now owns 711 shares of the transportation company’s stock worth $32,000 after purchasing an additional 280 shares in the last quarter. Point72 Hong Kong Ltd acquired a new stake in Hub Group in the 2nd quarter valued at about $34,000. Fidelis Capital Partners LLC acquired a new stake in Hub Group in the 1st quarter valued at about $38,000. Finally, EntryPoint Capital LLC purchased a new position in shares of Hub Group in the 1st quarter valued at about $52,000. 46.77% of the stock is owned by hedge funds and other 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.