Brokerages Set Hub Group, Inc. (NASDAQ:HUBG) Target Price at $46.63

by · The Markets Daily

Hub Group, Inc. (NASDAQ:HUBG – Get Free Report) has earned an average recommendation of “Moderate Buy” from the ten brokerages that are currently covering the stock, MarketBeat reports. Five analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $46.63.

A number of research firms have recently weighed in on HUBG. StockNews.com raised Hub Group from a “sell” rating to a “hold” rating in a report on Friday, March 1st. Wells Fargo & Company lifted their price target on Hub Group from $45.00 to $50.00 and gave the company an “overweight” rating in a report on Friday, February 2nd. Stifel Nicolaus lifted their price target on Hub Group from $49.50 to $52.00 and gave the company a “buy” rating in a report on Wednesday, January 10th. Benchmark reaffirmed a “buy” rating and set a $49.00 price target on shares of Hub Group in a report on Wednesday. Finally, Stephens dropped their target price on Hub Group from $49.00 to $44.00 and set an “equal weight” rating on the stock in a report on Thursday, April 4th.

Get Our Latest Stock Report on HUBG

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Anchor Investment Management LLC bought a new position in shares of Hub Group in the fourth quarter valued at $37,000. Adirondack Trust Co. bought a new position in shares of Hub Group in the third quarter valued at $39,000. Lazard Asset Management LLC bought a new position in shares of Hub Group in the first quarter valued at $46,000. Exchange Traded Concepts LLC increased its holdings in shares of Hub Group by 60.3% in the third quarter. Exchange Traded Concepts LLC now owns 795 shares of the transportation company’s stock valued at $62,000 after buying an additional 299 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new position in Hub Group during the 3rd quarter worth approximately $63,000. Institutional investors own 46.77% of the company’s stock.

Hub Group Stock Performance

Shares of HUBG stock opened at $40.92 on Tuesday. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.15. The business has a 50 day moving average of $42.82 and a two-hundred day moving average of $41.55. Hub Group has a 52 week low of $31.73 and a 52 week high of $47.58. The company has a market cap of $2.57 billion, a P/E ratio of 15.71 and a beta of 0.89.

Hub Group (NASDAQ:HUBG – Get Free Report) last released its quarterly earnings results on Thursday, February 1st. The transportation company reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.02. The company had revenue of $985.60 million for the quarter, compared to analysts’ expectations of $997.67 million. Hub Group had a return on equity of 10.56% and a net margin of 3.99%. The business’s revenue for the quarter was down 23.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.42 earnings per share. As a group, analysts anticipate that Hub Group will post 2.22 EPS for the current year.

Hub Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Friday, March 8th were issued a $0.125 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $0.50 annualized dividend and a dividend yield of 1.22%. Hub Group’s dividend payout ratio is currently 19.19%.

About Hub Group

(Get Free Report

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.

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