Barclays Has Lowered Expectations for Hub Group (NASDAQ:HUBG) Stock Price

Hub Group (NASDAQ:HUBG) had its price target cut by investment analysts at Barclays from $45.00 to $40.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has an “equal weight” rating on the transportation company’s stock. Barclays‘s target price indicates a potential upside of 12.58% from the company’s current price.

A number of other analysts have also recently commented on the stock. Stifel Nicolaus increased their price target on shares of Hub Group from $46.00 to $53.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Benchmark cut their target price on shares of Hub Group from $40.00 to $33.13 and set a “buy” rating for the company in a research note on Friday, May 9th. TD Cowen cut their target price on shares of Hub Group from $40.00 to $36.00 and set a “hold” rating for the company in a research note on Friday, May 9th. Susquehanna cut their target price on shares of Hub Group from $55.00 to $48.00 and set a “positive” rating for the company in a research note on Wednesday, March 26th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Hub Group in a research note on Friday, March 7th. They set a “hold” rating and a $41.00 target price for the company. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $43.68.

Hub Group Stock Down 0.9%

Hub Group stock opened at $35.53 on Monday. The company has a market cap of $2.19 billion, a P/E ratio of 20.90 and a beta of 1.13. Hub Group has a 1-year low of $30.75 and a 1-year high of $53.21. The company has a fifty day simple moving average of $34.68 and a 200 day simple moving average of $41.88. The company has a current ratio of 1.33, a quick ratio of 1.30 and a debt-to-equity ratio of 0.10.

Hub Group (NASDAQ:HUBG) last announced its quarterly earnings results on Thursday, May 8th. The transportation company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.02. The firm had revenue of $915.22 million during the quarter, compared to analysts’ expectations of $973.86 million. Hub Group had a net margin of 2.64% and a return on equity of 7.10%. The company’s revenue for the quarter was down 8.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.44 earnings per share. Research analysts anticipate that Hub Group will post 2.2 earnings per share for the current fiscal year.

Institutional Trading of Hub Group

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Northern Trust Corp raised its stake in Hub Group by 0.9% in the 1st quarter. Northern Trust Corp now owns 631,515 shares of the transportation company’s stock worth $23,473,000 after purchasing an additional 5,800 shares in the last quarter. Versor Investments LP increased its holdings in Hub Group by 81.3% in the 1st quarter. Versor Investments LP now owns 13,600 shares of the transportation company’s stock valued at $506,000 after buying an additional 6,100 shares during the period. Raymond James Financial Inc. increased its holdings in Hub Group by 14.4% in the 1st quarter. Raymond James Financial Inc. now owns 239,146 shares of the transportation company’s stock valued at $8,890,000 after buying an additional 30,083 shares during the period. Vestmark Advisory Solutions Inc. increased its holdings in Hub Group by 22.8% in the 1st quarter. Vestmark Advisory Solutions Inc. now owns 9,273 shares of the transportation company’s stock valued at $345,000 after buying an additional 1,722 shares during the period. Finally, Caitong International Asset Management Co. Ltd increased its holdings in Hub Group by 139,500.0% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,396 shares of the transportation company’s stock valued at $52,000 after buying an additional 1,395 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.