Hub Group, Inc. (NASDAQ:HUBG – Get Free Report) declared a quarterly dividend on Saturday, March 15th, RTT News reports. Shareholders of record on Tuesday, March 18th will be paid a dividend of 0.125 per share by the transportation company on Friday, March 28th. This represents a $0.50 annualized dividend and a yield of 1.35%. The ex-dividend date is Tuesday, March 18th.
Hub Group has a dividend payout ratio of 17.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Hub Group to earn $2.77 per share next year, which means the company should continue to be able to cover its $0.50 annual dividend with an expected future payout ratio of 18.1%.
Hub Group Price Performance
Shares of HUBG opened at $37.08 on Friday. Hub Group has a 52-week low of $36.34 and a 52-week high of $53.21. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.30 and a current ratio of 1.33. The business’s 50 day moving average price is $42.62 and its two-hundred day moving average price is $44.99. The firm has a market cap of $2.28 billion, a PE ratio of 21.81 and a beta of 0.93.
Wall Street Analyst Weigh In
Several equities research analysts have recently commented on the company. Stifel Nicolaus boosted their price objective on Hub Group from $46.00 to $53.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Barclays decreased their price objective on Hub Group from $52.00 to $50.00 and set an “equal weight” rating for the company in a report on Monday, February 10th. Benchmark boosted their price objective on Hub Group from $47.00 to $49.00 and gave the company a “buy” rating in a report on Friday, January 10th. Susquehanna upgraded Hub Group from a “neutral” rating to a “positive” rating and set a $55.00 price objective for the company in a report on Friday, January 3rd. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Hub Group in a report on Friday, March 7th. They set a “hold” rating and a $41.00 price target for the company. Eight investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Hub Group has an average rating of “Hold” and an average target price of $47.82.
Get Our Latest Stock Report on Hub Group
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.
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