Susquehanna assumed coverage on shares of Hub Group Inc. (NASDAQ:HUBG) in a research note published on Tuesday morning. The brokerage issued a positive rating on the stock.
Several other research analysts have also issued reports on the company. Stifel Nicolaus lowered Hub Group from a buy rating to a hold rating and set a $44.00 target price for the company. in a research report on Tuesday, November 22nd. They noted that the move was a valuation call. Barclays PLC increased their target price on Hub Group from $42.00 to $43.00 and gave the stock an underweight rating in a research report on Monday, September 12th. Finally, Zacks Investment Research lowered Hub Group from a hold rating to a sell rating in a research report on Monday, December 5th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of $41.11.
Hub Group (NASDAQ:HUBG) opened at 43.75 on Tuesday. Hub Group has a 52-week low of $28.19 and a 52-week high of $46.15. The firm has a 50-day moving average price of $42.42 and a 200 day moving average price of $40.70. The stock has a market cap of $1.48 billion, a PE ratio of 19.16 and a beta of 1.21.
Hub Group (NASDAQ:HUBG) last released its quarterly earnings data on Wednesday, October 26th. The company reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.55 by $0.01. Hub Group had a return on equity of 13.12% and a net margin of 2.27%. The business earned $932.81 million during the quarter, compared to analysts’ expectations of $393.30 million. During the same quarter last year, the business posted $0.55 EPS. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. On average, analysts forecast that Hub Group will post $2.21 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Picton Mahoney Asset Management bought a new position in Hub Group during the third quarter worth $1,402,000. Panagora Asset Management Inc. raised its position in Hub Group by 103.6% in the third quarter. Panagora Asset Management Inc. now owns 30,211 shares of the company’s stock worth $1,231,000 after buying an additional 15,376 shares during the period. D. E. Shaw & Co. Inc. raised its position in Hub Group by 7.2% in the third quarter. D. E. Shaw & Co. Inc. now owns 239,676 shares of the company’s stock worth $9,769,000 after buying an additional 16,054 shares during the period. The Manufacturers Life Insurance Company bought a new position in Hub Group during the third quarter worth $934,000. Finally, HBK Investments L P raised its position in Hub Group by 9.2% in the third quarter. HBK Investments L P now owns 21,408 shares of the company’s stock worth $873,000 after buying an additional 1,808 shares during the period. 95.12% of the stock is owned by institutional investors.
Hub Group Company Profile