Evercore ISI Boosts Hub Group (NASDAQ:HUBG) Price Target to $43.00

Hub Group (NASDAQ:HUBG) had its price objective raised by Evercore ISI from $41.00 to $43.00 in a research note published on Thursday, Benzinga reports. The brokerage currently has an in-line rating on the transportation company’s stock.

HUBG has been the subject of several other reports. Susquehanna raised their price objective on shares of Hub Group from $44.00 to $50.00 and gave the stock a neutral rating in a report on Thursday, September 26th. UBS Group lifted their price target on Hub Group from $42.00 to $48.00 and gave the company a neutral rating in a research report on Friday, August 2nd. Stifel Nicolaus dropped their price objective on Hub Group from $45.00 to $43.00 and set a buy rating on the stock in a report on Tuesday, August 6th. TD Cowen downgraded Hub Group from a buy rating to a hold rating and cut their target price for the stock from $50.00 to $43.00 in a research note on Thursday, July 18th. Finally, JPMorgan Chase & Co. upped their price target on Hub Group from $43.00 to $51.00 and gave the company a neutral rating in a research report on Friday, August 2nd. Ten investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of Hold and an average price target of $45.29.

Hub Group Stock Performance

Shares of HUBG opened at $42.40 on Thursday. Hub Group has a 1 year low of $31.73 and a 1 year high of $48.39. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.32 and a quick ratio of 1.32. The stock’s fifty day moving average price is $44.38 and its two-hundred day moving average price is $43.22. The firm has a market cap of $2.64 billion, a PE ratio of 20.19 and a beta of 0.88.

Hub Group (NASDAQ:HUBG) last announced its quarterly earnings data on Thursday, August 1st. The transportation company reported $0.47 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.47. The business had revenue of $986.50 million for the quarter, compared to analysts’ expectations of $1.09 billion. Hub Group had a return on equity of 7.37% and a net margin of 2.89%. The firm’s quarterly revenue was down 5.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.72 EPS. On average, equities research analysts forecast that Hub Group will post 1.93 EPS for the current year.

Hub Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Friday, September 6th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, September 6th. This represents a $0.50 annualized dividend and a dividend yield of 1.18%. Hub Group’s dividend payout ratio (DPR) is presently 23.81%.

Institutional Trading of Hub Group

Hedge funds have recently bought and sold shares of the company. Family Firm Inc. purchased a new position in shares of Hub Group during the second quarter worth approximately $26,000. Silicon Valley Capital Partners lifted its stake in Hub Group by 100.6% in the first quarter. Silicon Valley Capital Partners now owns 682 shares of the transportation company’s stock worth $29,000 after purchasing an additional 342 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. boosted its position in Hub Group by 81.5% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 744 shares of the transportation company’s stock valued at $32,000 after buying an additional 334 shares during the period. Point72 Hong Kong Ltd bought a new position in shares of Hub Group during the second quarter valued at about $34,000. Finally, Fidelis Capital Partners LLC purchased a new position in shares of Hub Group in the first quarter worth about $38,000. Institutional investors 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.