Stephens Lowers Hub Group (NASDAQ:HUBG) Price Target to $42.00

Hub Group (NASDAQ:HUBG) had its target price cut by investment analysts at Stephens from $44.00 to $42.00 in a report issued on Friday, Benzinga reports. The firm presently has an “equal weight” rating on the transportation company’s stock. Stephens’ price objective would indicate a potential upside of 4.50% from the stock’s current price.

Several other equities research analysts have also commented on the stock. Stifel Nicolaus raised their price target on shares of Hub Group from $49.50 to $52.00 and gave the company a “buy” rating in a research note on Wednesday, January 10th. Benchmark reiterated a “buy” rating and issued a $49.00 price objective on shares of Hub Group in a report on Wednesday, April 10th. Susquehanna decreased their price objective on shares of Hub Group from $49.00 to $46.00 and set a “neutral” rating for the company in a report on Monday, March 25th. JPMorgan Chase & Co. increased their price objective on shares of Hub Group from $43.50 to $46.00 and gave the company a “neutral” rating in a report on Tuesday, January 9th. Finally, Wells Fargo & Company increased their price objective on shares of Hub Group from $45.00 to $50.00 and gave the company an “overweight” rating in a report on Friday, February 2nd. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $46.46.

Hub Group Price Performance

Shares of NASDAQ:HUBG opened at $40.19 on Friday. The firm’s 50 day moving average is $41.97 and its two-hundred day moving average is $41.58. Hub Group has a 52 week low of $31.73 and a 52 week high of $47.58. The firm has a market capitalization of $2.53 billion, a P/E ratio of 15.43 and a beta of 0.89. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.15.

Hub Group (NASDAQ:HUBG) last announced its quarterly earnings results on Thursday, April 25th. The transportation company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.40 by $0.04. Hub Group had a net margin of 3.99% and a return on equity of 10.56%. The company had revenue of $1,000.00 million for the quarter, compared to analyst estimates of $1.05 billion. During the same quarter last year, the business earned $0.94 earnings per share. Hub Group’s revenue was down 16.7% compared to the same quarter last year. Analysts anticipate that Hub Group will post 2.19 earnings per share for the current year.

Institutional Investors Weigh In On Hub Group

Several hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP lifted its position in shares of Hub Group by 2.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,475,738 shares of the transportation company’s stock valued at $227,623,000 after acquiring an additional 50,783 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of Hub Group by 7.5% in the 4th quarter. Victory Capital Management Inc. now owns 1,801,201 shares of the transportation company’s stock valued at $165,602,000 after acquiring an additional 125,924 shares in the last quarter. Invesco Ltd. lifted its position in shares of Hub Group by 5.9% in the 3rd quarter. Invesco Ltd. now owns 728,542 shares of the transportation company’s stock valued at $57,220,000 after acquiring an additional 40,578 shares in the last quarter. Pacer Advisors Inc. lifted its position in shares of Hub Group by 54.5% in the 4th quarter. Pacer Advisors Inc. now owns 727,572 shares of the transportation company’s stock valued at $66,893,000 after acquiring an additional 256,551 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Hub Group by 3.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 509,104 shares of the transportation company’s stock worth $46,807,000 after buying an additional 18,187 shares in the last quarter. Hedge funds and other institutional investors own 46.77% of the company’s stock.

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.