Stifel Nicolaus Issues Positive Forecast for Hub Group (NASDAQ:HUBG) Stock Price

Hub Group (NASDAQ:HUBG) had its price objective upped by stock analysts at Stifel Nicolaus from $46.00 to $53.00 in a report released on Thursday,Benzinga reports. The firm currently has a “buy” rating on the transportation company’s stock. Stifel Nicolaus’ price objective would indicate a potential upside of 16.60% from the company’s previous close.

Several other research firms have also weighed in on HUBG. Evercore ISI lifted their target price on Hub Group from $41.00 to $43.00 and gave the stock an “in-line” rating in a report on Thursday, October 3rd. Susquehanna upgraded Hub Group from a “neutral” rating to a “positive” rating and set a $55.00 price objective on the stock in a report on Friday, January 3rd. Benchmark increased their target price on Hub Group from $47.00 to $49.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Barclays lifted 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. Finally, TD Cowen increased their price objective on shares of Hub Group from $43.00 to $49.00 and gave the stock a “hold” rating in a research report on Thursday, October 31st. Nine research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, Hub Group presently has an average rating of “Hold” and a consensus target price of $48.42.

Hub Group Trading Up 1.0 %

Shares of Hub Group stock traded up $0.46 during trading on Thursday, hitting $45.46. 44,125 shares of the company were exchanged, compared to its average volume of 397,277. The firm has a market capitalization of $2.79 billion, a P/E ratio of 25.82 and a beta of 0.94. The firm’s fifty day moving average price is $47.43 and its 200 day moving average price is $45.51. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.30 and a quick ratio of 1.30. Hub Group has a 1-year low of $38.07 and a 1-year high of $53.21.

Hub Group (NASDAQ:HUBG) last issued its earnings results on Wednesday, October 30th. The transportation company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.49 by $0.03. The firm had revenue of $986.89 million during the quarter, compared to the consensus estimate of $1.06 billion. Hub Group had a net margin of 2.74% and a return on equity of 7.44%. The business’s quarterly revenue was down 3.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.49 earnings per share. As a group, sell-side analysts expect that Hub Group will post 1.91 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Hub Group

Several large investors have recently made changes to their positions in the stock. Envestnet Asset Management Inc. lifted its stake in Hub Group by 12.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 81,759 shares of the transportation company’s stock valued at $3,520,000 after purchasing an additional 9,101 shares during the last quarter. Vanguard Personalized Indexing Management LLC acquired a new stake in shares of Hub Group in the second quarter valued at approximately $249,000. Intech Investment Management LLC bought a new position in shares of Hub Group during the 2nd quarter worth approximately $493,000. Sei Investments Co. increased its holdings in shares of Hub Group by 44.1% during the 2nd quarter. Sei Investments Co. now owns 40,465 shares of the transportation company’s stock worth $1,742,000 after acquiring an additional 12,380 shares during the last quarter. Finally, Public Sector Pension Investment Board raised its stake in Hub Group by 6.3% in the 2nd quarter. Public Sector Pension Investment Board now owns 135,874 shares of the transportation company’s stock valued at $5,849,000 after acquiring an additional 8,002 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.