Hub Group (NASDAQ:HUBG) Now Covered by Benchmark

Equities research analysts at Benchmark initiated coverage on shares of Hub Group (NASDAQ:HUBGGet Rating) in a report issued on Thursday, The Fly reports. The brokerage set a “buy” rating on the transportation company’s stock.

Several other analysts have also issued reports on HUBG. Wolfe Research cut their price objective on Hub Group from $91.00 to $90.00 and set an “outperform” rating for the company in a report on Tuesday, April 5th. Robert W. Baird lifted their target price on Hub Group from $85.00 to $92.00 in a research report on Friday, April 29th. Cowen lifted their price objective on Hub Group from $95.00 to $109.00 in a report on Friday, April 29th. KeyCorp cut their target price on shares of Hub Group from $105.00 to $85.00 and set an “overweight” rating for the company in a research note on Monday, April 11th. Finally, Stephens cut shares of Hub Group from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $97.00 to $93.00 in a research report on Thursday, March 31st. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $91.93.

Shares of HUBG stock traded down $3.63 during mid-day trading on Thursday, hitting $69.87. 12,484 shares of the company’s stock were exchanged, compared to its average volume of 259,591. Hub Group has a fifty-two week low of $60.81 and a fifty-two week high of $87.21. The stock has a market cap of $2.42 billion, a price-to-earnings ratio of 9.81 and a beta of 0.94. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.12. The stock has a 50-day simple moving average of $70.33 and a two-hundred day simple moving average of $76.52.

Hub Group (NASDAQ:HUBGGet Rating) last announced its quarterly earnings data on Thursday, April 28th. The transportation company reported $2.58 earnings per share for the quarter, beating the consensus estimate of $1.46 by $1.12. The firm had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.18 billion. Hub Group had a return on equity of 18.49% and a net margin of 5.24%. Hub Group’s quarterly revenue was up 41.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.51 earnings per share. As a group, analysts anticipate that Hub Group will post 9.46 earnings per share for the current fiscal year.

Large investors have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC bought a new position in Hub Group in the 4th quarter worth about $30,000. Point72 Hong Kong Ltd boosted its holdings in shares of Hub Group by 38.1% in the 3rd quarter. Point72 Hong Kong Ltd now owns 602 shares of the transportation company’s stock worth $41,000 after purchasing an additional 166 shares in the last quarter. Lazard Asset Management LLC purchased a new position in shares of Hub Group in the 1st quarter worth about $46,000. Pinebridge Investments L.P. purchased a new position in shares of Hub Group in the 4th quarter worth about $76,000. Finally, Stephens Inc. AR boosted its holdings in shares of Hub Group by 70.2% in the 4th quarter. Stephens Inc. AR now owns 970 shares of the transportation company’s stock worth $82,000 after purchasing an additional 400 shares in the last quarter. Institutional investors own 91.81% of the company’s stock.

Hub Group Company Profile (Get Rating)

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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