Hub Group, Inc. to Post Q3 2022 Earnings of $2.39 Per Share, KeyCorp Forecasts (NASDAQ:HUBG)

Hub Group, Inc. (NASDAQ:HUBGGet Rating) – Equities research analysts at KeyCorp increased their Q3 2022 earnings per share estimates for shares of Hub Group in a research note issued on Wednesday, August 3rd. KeyCorp analyst T. Fowler now forecasts that the transportation company will post earnings of $2.39 per share for the quarter, up from their previous forecast of $2.20. KeyCorp has a “Overweight” rating and a $85.00 price objective on the stock. The consensus estimate for Hub Group’s current full-year earnings is $9.48 per share. KeyCorp also issued estimates for Hub Group’s FY2022 earnings at $10.25 EPS and FY2023 earnings at $8.75 EPS.

Several other equities research analysts also recently issued reports on the company. Cowen lifted their price objective on Hub Group from $109.00 to $119.00 and gave the stock an “outperform” rating in a report on Thursday. Susquehanna Bancshares lifted their target price on Hub Group from $105.00 to $115.00 in a research report on Thursday. Robert W. Baird lifted their target price on Hub Group from $85.00 to $92.00 in a research report on Friday, April 29th. Morgan Stanley reduced their price objective on Hub Group from $86.00 to $85.00 and set an “equal weight” rating for the company in a research report on Friday, July 8th. Finally, Stephens boosted their price objective on Hub Group from $80.00 to $83.00 in a research report on Thursday. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $96.63.

Hub Group Price Performance

HUBG stock opened at $80.68 on Friday. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.12. Hub Group has a 52-week low of $60.81 and a 52-week high of $87.21. The stock’s 50 day moving average is $72.55 and its two-hundred day moving average is $74.06. The company has a market capitalization of $2.80 billion, a PE ratio of 8.61 and a beta of 0.91.

Institutional Trading of Hub Group

Hedge funds and other institutional investors have recently modified their holdings of the company. Pinebridge Investments L.P. raised its stake in shares of Hub Group by 315.0% in the 2nd quarter. Pinebridge Investments L.P. now owns 415 shares of the transportation company’s stock worth $29,000 after buying an additional 315 shares in the last quarter. EverSource Wealth Advisors LLC acquired a new stake in shares of Hub Group during the fourth quarter worth $30,000. CWM LLC raised its position in shares of Hub Group by 1,324.3% during the second quarter. CWM LLC now owns 527 shares of the transportation company’s stock worth $37,000 after purchasing an additional 490 shares during the period. Lazard Asset Management LLC acquired a new stake in shares of Hub Group during the first quarter worth $46,000. Finally, Stephens Inc. AR raised its position in shares of Hub Group by 70.2% during the fourth quarter. Stephens Inc. AR now owns 970 shares of the transportation company’s stock worth $82,000 after purchasing an additional 400 shares during the period. 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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