Hub Group (NASDAQ:HUBG) Raised to “Positive” at Susquehanna

Hub Group (NASDAQ:HUBG) was upgraded by equities researchers at Susquehanna from a “neutral” rating to a “positive” rating in a research report issued on Friday, MarketBeat.com reports. The firm currently has a $55.00 target price on the transportation company’s stock. Susquehanna’s price target indicates a potential upside of 22.44% from the company’s current price.

A number of other equities analysts also recently commented on the company. TD Cowen lifted their price objective on Hub Group from $43.00 to $49.00 and gave the stock a “hold” rating in a research report on Thursday, October 31st. Benchmark reiterated a “buy” rating and set a $47.00 price target on shares of Hub Group in a report on Friday, November 1st. Barclays upped their price objective on shares of Hub Group from $42.00 to $52.00 and gave the company an “equal weight” rating in a report on Wednesday, November 13th. Finally, Evercore ISI lifted their target price on shares of Hub Group from $41.00 to $43.00 and gave the stock an “in-line” rating in a research note on Thursday, October 3rd. Nine analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $47.42.

Hub Group Price Performance

Hub Group stock opened at $44.92 on Friday. The company has a fifty day simple moving average of $47.84 and a 200-day simple moving average of $45.36. The firm has a market capitalization of $2.76 billion, a price-to-earnings ratio of 25.52 and a beta of 0.94. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.12. Hub Group has a 52-week low of $38.07 and a 52-week high of $53.21.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. GAMMA Investing LLC lifted its stake in Hub Group by 65.0% during the 3rd quarter. GAMMA Investing LLC now owns 711 shares of the transportation company’s stock worth $32,000 after acquiring an additional 280 shares in the last quarter. Arizona State Retirement System lifted its position in shares of Hub Group by 1.6% during the second quarter. Arizona State Retirement System now owns 17,427 shares of the transportation company’s stock worth $750,000 after purchasing an additional 282 shares in the last quarter. Inspire Advisors LLC boosted its stake in shares of Hub Group by 1.7% in the second quarter. Inspire Advisors LLC now owns 17,327 shares of the transportation company’s stock valued at $746,000 after purchasing an additional 284 shares during the period. Highland Capital Management LLC grew its holdings 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 valued at $231,000 after purchasing an additional 437 shares in the last quarter. Finally, Aristides Capital LLC increased its stake in Hub Group by 9.2% during the 2nd quarter. Aristides Capital LLC now owns 5,987 shares of the transportation company’s stock worth $258,000 after buying an additional 506 shares during the period. 46.77% of the stock is currently owned by hedge funds and other institutional investors.

Hub Group Company Profile

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.