Hub Group (NASDAQ:HUBG) Upgraded at Susquehanna

Hub Group (NASDAQ:HUBG) was upgraded by investment analysts at Susquehanna from a “neutral” rating to a “positive” rating in a note issued to investors on Friday, MarketBeat reports. The brokerage presently has a $55.00 price target on the transportation company’s stock. Susquehanna’s price target would indicate a potential upside of 22.44% from the stock’s previous close.

A number of other research firms have also recently weighed in on HUBG. TD Cowen raised their price target on Hub Group from $43.00 to $49.00 and gave the company a “hold” rating in a research note on Thursday, October 31st. Evercore ISI increased 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. Benchmark restated a “buy” rating and set a $47.00 target price on shares of Hub Group in a research note on Friday, November 1st. Finally, Barclays increased their price target on shares of Hub Group from $42.00 to $52.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 13th. Nine research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Hub Group currently has a consensus rating of “Hold” and an average price target of $47.42.

Hub Group Stock Performance

Shares of Hub Group stock opened at $44.92 on Friday. The business has a 50-day simple moving average of $47.84 and a 200-day simple moving average of $45.36. 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 one year low of $38.07 and a one year high of $53.21. The company has a market cap of $2.76 billion, a PE ratio of 25.52 and a beta of 0.94.

Hub Group (NASDAQ:HUBG) last posted its quarterly earnings results on Wednesday, October 30th. The transportation company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.49 by $0.03. Hub Group had a net margin of 2.74% and a return on equity of 7.44%. The company 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 business posted $0.49 EPS. The firm’s revenue was down 3.7% on a year-over-year basis. On average, equities research analysts forecast that Hub Group will post 1.91 EPS for the current fiscal year.

Institutional Trading of Hub Group

A number of large investors have recently bought and sold shares of HUBG. Select Equity Group L.P. increased its stake in Hub Group by 19.4% in the second quarter. Select Equity Group L.P. now owns 1,836,354 shares of the transportation company’s stock valued at $79,055,000 after purchasing an additional 298,390 shares during the period. Point72 Asset Management L.P. acquired a new position in Hub Group in the 2nd quarter valued at about $4,680,000. Principal Financial Group Inc. raised its stake in Hub Group by 14.3% during the 3rd quarter. Principal Financial Group Inc. now owns 783,456 shares of the transportation company’s stock valued at $35,608,000 after acquiring an additional 97,768 shares during the last quarter. Barclays PLC raised its stake in Hub Group by 199.6% during the 3rd quarter. Barclays PLC now owns 117,774 shares of the transportation company’s stock valued at $5,354,000 after acquiring an additional 78,467 shares during the last quarter. Finally, American Century Companies Inc. lifted its position in Hub Group by 6.1% during the 2nd quarter. American Century Companies Inc. now owns 1,322,166 shares of the transportation company’s stock worth $56,919,000 after acquiring an additional 76,431 shares during the period. Institutional investors and hedge funds own 46.77% of the company’s stock.

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.