Hub Group (NASDAQ:HUBG) Price Target Lowered to $45.00 at Barclays

Hub Group (NASDAQ:HUBG) had its price target dropped by analysts at Barclays from $50.00 to $45.00 in a report released on Wednesday,Benzinga reports. The firm presently has an “equal weight” rating on the transportation company’s stock. Barclays‘s price target would indicate a potential upside of 20.37% from the company’s previous close.

HUBG has been the subject of several other reports. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Hub Group in a research note on Friday, March 7th. They set a “hold” rating and a $41.00 price objective for the company. Benchmark lifted their price objective on Hub Group from $47.00 to $49.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Susquehanna reduced their target price on Hub Group from $55.00 to $48.00 and set a “positive” rating on the stock in a research note on Wednesday, March 26th. Finally, Stifel Nicolaus boosted their price objective on shares of Hub Group from $46.00 to $53.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Eight equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $46.73.

Hub Group Stock Up 0.4 %

HUBG opened at $37.39 on Wednesday. The company has a quick ratio of 1.30, a current ratio of 1.33 and a debt-to-equity ratio of 0.10. The business’s fifty day simple moving average is $40.90 and its 200 day simple moving average is $44.34. Hub Group has a 52 week low of $36.04 and a 52 week high of $53.21. The stock has a market cap of $2.30 billion, a PE ratio of 22.00 and a beta of 1.04.

Hub Group (NASDAQ:HUBG) last announced its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.48 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.48. Hub Group had a net margin of 2.64% and a return on equity of 7.10%. As a group, research analysts expect that Hub Group will post 2.2 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Hub Group

Several large investors have recently made changes to their positions in HUBG. Nomura Asset Management Co. Ltd. raised its stake in Hub Group by 48.4% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 950 shares of the transportation company’s stock valued at $42,000 after purchasing an additional 310 shares during the period. Smartleaf Asset Management LLC grew its holdings in Hub Group by 286.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,541 shares of the transportation company’s stock valued at $68,000 after buying an additional 1,142 shares in the last quarter. Sterling Capital Management LLC raised its position in shares of Hub Group by 803.3% during the fourth quarter. Sterling Capital Management LLC now owns 1,888 shares of the transportation company’s stock valued at $84,000 after buying an additional 1,679 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of Hub Group by 24.8% in the fourth quarter. Blue Trust Inc. now owns 2,261 shares of the transportation company’s stock worth $103,000 after buying an additional 450 shares in the last quarter. Finally, KBC Group NV lifted its holdings in shares of Hub Group by 35.3% in the fourth quarter. KBC Group NV now owns 2,568 shares of the transportation company’s stock worth $114,000 after buying an additional 670 shares in the last quarter. 46.77% of the stock is currently 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.