Hub Group (NASDAQ:HUBG) Price Target Raised to $49.00

Hub Group (NASDAQ:HUBG) had its price target boosted by Benchmark from $47.00 to $49.00 in a research report report published on Friday morning,Benzinga reports. They currently have a buy rating on the transportation company’s stock.

A number of other research analysts have also weighed in on the stock. Barclays lifted their price target on shares of Hub Group from $42.00 to $52.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 13th. TD Cowen upped their target price on shares of Hub Group from $43.00 to $49.00 and gave the stock a “hold” rating in a research note on Thursday, October 31st. Susquehanna upgraded Hub Group from a “neutral” rating to a “positive” rating and set a $55.00 target price for the company in a report on Friday, January 3rd. Finally, Evercore ISI boosted their price target on Hub Group from $41.00 to $43.00 and gave the company an “in-line” rating in a report on Thursday, October 3rd. Nine analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Hub Group currently has an average rating of “Hold” and a consensus target price of $47.58.

Hub Group Stock Down 2.4 %

Shares of NASDAQ HUBG opened at $43.09 on Friday. The firm has a 50 day moving average price of $47.88 and a 200 day moving average price of $45.40. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.30 and a current ratio of 1.30. The stock has a market cap of $2.64 billion, a P/E ratio of 24.48 and a beta of 0.94. Hub Group has a 52-week low of $38.07 and a 52-week high of $53.21.

Hub Group (NASDAQ:HUBG) last posted its earnings results on Wednesday, October 30th. The transportation company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.03. The firm had revenue of $986.89 million for the quarter, compared to analyst estimates of $1.06 billion. Hub Group had a return on equity of 7.44% and a net margin of 2.74%. The company’s revenue for the quarter was down 3.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.49 earnings per share. Analysts expect that Hub Group will post 1.91 EPS for the current year.

Hub Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.16%. The ex-dividend date was Friday, December 6th. Hub Group’s payout ratio is presently 28.41%.

Institutional Trading of Hub Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its stake in shares of 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 purchasing an additional 280 shares during the last quarter. Point72 Hong Kong Ltd bought a new stake in Hub Group in the second quarter valued at approximately $34,000. SG Americas Securities LLC acquired a new stake in shares of Hub Group in the third quarter valued at approximately $106,000. CWM LLC boosted its stake in shares of Hub Group by 24.8% during the 3rd quarter. CWM LLC now owns 2,853 shares of the transportation company’s stock worth $130,000 after acquiring an additional 567 shares during the period. Finally, nVerses Capital LLC acquired a new position in shares of Hub Group during the 3rd quarter worth approximately $182,000. 46.77% of the stock is owned by institutional investors.

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.