Hub Group (HUBG) Upgraded at BidaskClub

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BidaskClub upgraded shares of Hub Group (NASDAQ:HUBG) from a sell rating to a hold rating in a research report report published on Friday morning.

Several other analysts have also recently weighed in on HUBG. ValuEngine upgraded shares of Hub Group from a sell rating to a hold rating in a report on Thursday. Zacks Investment Research cut shares of Hub Group from a buy rating to a hold rating in a report on Thursday, October 11th. BMO Capital Markets lifted their price target on shares of Hub Group from $49.00 to $50.00 and gave the company a market perform rating in a report on Friday, October 26th. Buckingham Research lifted their price target on shares of Hub Group from $46.00 to $54.00 and gave the company a neutral rating in a report on Tuesday, October 30th. Finally, Morgan Stanley set a $49.00 price target on shares of Hub Group and gave the company a hold rating in a report on Monday, November 12th. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of $56.60.

Shares of Hub Group stock opened at $41.57 on Friday. The company has a market capitalization of $1.40 billion, a PE ratio of 21.76 and a beta of 1.46. Hub Group has a 52-week low of $34.02 and a 52-week high of $56.60. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.23.

Hub Group (NASDAQ:HUBG) last released its quarterly earnings results on Thursday, October 25th. The transportation company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.07. The business had revenue of $933.22 million for the quarter, compared to analysts’ expectations of $1.11 billion. Hub Group had a net margin of 5.78% and a return on equity of 10.77%. As a group, analysts predict that Hub Group will post 2.82 EPS for the current year.

A number of institutional investors have recently made changes to their positions in the business. Vanguard Group Inc lifted its position in Hub Group by 1.9% during the third quarter. Vanguard Group Inc now owns 3,229,650 shares of the transportation company’s stock valued at $147,272,000 after buying an additional 59,261 shares during the period. Vanguard Group Inc. raised its position in shares of Hub Group by 1.9% in the 3rd quarter. Vanguard Group Inc. now owns 3,229,650 shares of the transportation company’s stock worth $147,272,000 after purchasing an additional 59,261 shares during the last quarter. Legal & General Group Plc raised its position in shares of Hub Group by 7.6% in the 3rd quarter. Legal & General Group Plc now owns 94,837 shares of the transportation company’s stock worth $4,316,000 after purchasing an additional 6,681 shares during the last quarter. TIAA CREF Investment Management LLC raised its position in Hub Group by 30.2% in the 3rd quarter. TIAA CREF Investment Management LLC now owns 221,555 shares of the transportation company’s stock worth $10,103,000 after buying an additional 51,370 shares during the last quarter. Finally, AQR Capital Management LLC raised its position in Hub Group by 8.1% in the 3rd quarter. AQR Capital Management LLC now owns 233,092 shares of the transportation company’s stock worth $10,629,000 after buying an additional 17,403 shares during the last quarter. 90.73% of the stock is owned by institutional investors and hedge funds.

Hub Group Company Profile

Hub Group, Inc, an asset-light freight transportation management company, provides intermodal, truck brokerage, and logistics services in North America. It operates through two segments, Mode and Hub. Its intermodal services include arranging for the movement of its customers' freight in containers and trailers over long distances.

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Analyst Recommendations for Hub Group (NASDAQ:HUBG)

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