Brokerages Set Hub Group, Inc. (NASDAQ:HUBG) Target Price at $46.83

Hub Group, Inc. (NASDAQ:HUBG) has received an average recommendation of “Hold” from the twelve brokerages that are presently covering the firm, Marketbeat.com reports. Nine equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $46.83.

A number of analysts have recently weighed in on HUBG shares. Evercore ISI upped their price target on shares of Hub Group from $41.00 to $43.00 and gave the stock an “in-line” rating in a report on Thursday, October 3rd. TD Cowen raised their target price on Hub Group from $43.00 to $49.00 and gave the company a “hold” rating in a report on Thursday, October 31st. Benchmark reissued a “buy” rating and set a $47.00 price target on shares of Hub Group in a report on Friday, November 1st. Barclays raised their price objective on Hub Group from $42.00 to $52.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 13th. Finally, Susquehanna lowered their target price on Hub Group from $50.00 to $48.00 and set a “neutral” rating for the company in a research note on Friday, November 1st.

Hub Group Trading Down 4.4 %

Shares of NASDAQ:HUBG opened at $43.07 on Friday. The company has a market capitalization of $2.64 billion, a P/E ratio of 24.47 and a beta of 0.92. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.30 and a quick ratio of 1.30. The business’s 50 day simple moving average is $47.74 and its 200 day simple moving average is $45.26. Hub Group has a 1 year low of $38.07 and a 1 year high of $53.21.

Hub Group (NASDAQ:HUBG) last issued its quarterly earnings results on Wednesday, October 30th. The transportation company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. Hub Group had a return on equity of 7.44% and a net margin of 2.74%. The company had revenue of $986.89 million for the quarter, compared to analysts’ expectations of $1.06 billion. During the same quarter last year, the business earned $0.49 earnings per share. Hub Group’s revenue was down 3.7% on a year-over-year basis. On average, research analysts anticipate that Hub Group will post 1.91 EPS for the current fiscal year.

Hub Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date was Friday, December 6th. Hub Group’s payout ratio is 28.41%.

Hedge Funds Weigh In On Hub Group

Hedge funds have recently modified their holdings of the business. GAMMA Investing LLC increased its holdings in Hub Group by 65.0% in the third quarter. GAMMA Investing LLC now owns 711 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 280 shares during the period. Arizona State Retirement System increased its stake in shares of Hub Group by 1.6% in the second quarter. Arizona State Retirement System now owns 17,427 shares of the transportation company’s stock valued at $750,000 after buying an additional 282 shares during the period. Inspire Advisors LLC raised its position in shares of Hub Group by 1.7% during the second quarter. Inspire Advisors LLC now owns 17,327 shares of the transportation company’s stock worth $746,000 after acquiring an additional 284 shares during the last quarter. Highland Capital Management LLC lifted its stake in shares of Hub Group by 9.4% in the third quarter. Highland Capital Management LLC now owns 5,086 shares of the transportation company’s stock worth $231,000 after acquiring an additional 437 shares during the period. Finally, Aristides Capital LLC boosted its holdings in Hub Group by 9.2% in the second quarter. Aristides Capital LLC now owns 5,987 shares of the transportation company’s stock valued at $258,000 after acquiring an additional 506 shares during the last quarter. Institutional investors and hedge funds 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.