Hub Group, Inc. (NASDAQ:HUBG) Receives $46.54 Consensus Price Target from Analysts

Hub Group, Inc. (NASDAQ:HUBG) has been given an average recommendation of “Moderate Buy” by the twelve research firms that are covering the stock, MarketBeat Ratings reports. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $46.54.

HUBG has been the subject of several research reports. Evercore ISI reduced their target price on Hub Group from $46.00 to $44.00 and set an “outperform” rating for the company in a research report on Friday, April 26th. TD Cowen increased their price target on shares of Hub Group from $52.00 to $54.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Stifel Nicolaus raised their price target on shares of Hub Group from $49.50 to $52.00 and gave the stock a “buy” rating in a research note on Wednesday, January 10th. JPMorgan Chase & Co. upped their price objective on Hub Group from $43.50 to $46.00 and gave the company a “neutral” rating in a research note on Tuesday, January 9th. Finally, Benchmark restated a “buy” rating and set a $49.00 target price on shares of Hub Group in a research report on Friday, April 26th.

Hub Group Stock Performance

NASDAQ HUBG opened at $42.93 on Friday. The company’s fifty day moving average is $41.62 and its two-hundred day moving average is $41.69. Hub Group has a 52-week low of $31.73 and a 52-week high of $47.58. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.28 and a quick ratio of 1.29. The firm has a market capitalization of $2.70 billion, a price-to-earnings ratio of 20.39 and a beta of 0.90.

Hub Group (NASDAQ:HUBG) last released its earnings results on Thursday, April 25th. The transportation company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.04. The business had revenue of $1,000.00 million for the quarter, compared to the consensus estimate of $1.05 billion. Hub Group had a return on equity of 8.48% and a net margin of 3.28%. The firm’s revenue for the quarter was down 16.7% compared to the same quarter last year. During the same period last year, the business earned $0.94 earnings per share. Equities research analysts forecast that Hub Group will post 2.02 EPS for the current year.

Hub Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Friday, March 8th were given a dividend of $0.125 per share. The ex-dividend date was Thursday, March 7th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.16%. Hub Group’s payout ratio is 23.75%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Parkside Financial Bank & Trust raised its position in shares of Hub Group by 20.3% during the third quarter. Parkside Financial Bank & Trust now owns 861 shares of the transportation company’s stock worth $68,000 after acquiring an additional 145 shares during the last quarter. Cardinal Capital Management raised its holdings in Hub Group by 1.1% during the 4th quarter. Cardinal Capital Management now owns 16,193 shares of the transportation company’s stock worth $1,489,000 after purchasing an additional 177 shares during the last quarter. Verdence Capital Advisors LLC lifted its position in Hub Group by 4.0% during the 3rd quarter. Verdence Capital Advisors LLC now owns 5,205 shares of the transportation company’s stock valued at $409,000 after purchasing an additional 199 shares during the period. Hennion & Walsh Asset Management Inc. boosted its stake in shares of Hub Group by 3.0% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 7,292 shares of the transportation company’s stock valued at $573,000 after purchasing an additional 213 shares during the last quarter. Finally, HighTower Advisors LLC grew its position in shares of Hub Group by 0.5% during the 3rd quarter. HighTower Advisors LLC now owns 48,023 shares of the transportation company’s stock worth $3,769,000 after buying an additional 245 shares during the period. Institutional investors own 46.77% of the company’s stock.

About Hub Group

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.