Hub Group (HUBG) Receives Hold Rating from Cowen

Hub Group (NASDAQ:HUBG)‘s stock had its “hold” rating reissued by analysts at Cowen in a research note issued on Thursday. They currently have a $53.00 price objective on the transportation company’s stock. Cowen’s price target would indicate a potential upside of 0.57% from the company’s current price.

Other analysts have also recently issued research reports about the company. BidaskClub cut Hub Group from a “buy” rating to a “hold” rating in a report on Tuesday, June 26th. Loop Capital upgraded Hub Group from a “hold” rating to a “buy” rating in a report on Thursday. BMO Capital Markets restated a “hold” rating and issued a $55.00 price target on shares of Hub Group in a report on Thursday. ValuEngine upgraded Hub Group from a “hold” rating to a “buy” rating in a report on Thursday, May 3rd. Finally, Zacks Investment Research upgraded Hub Group from a “hold” rating to a “buy” rating and set a $57.00 price target for the company in a report on Wednesday, June 13th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $50.62.

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Hub Group traded up $5.75, reaching $52.70, during midday trading on Thursday, MarketBeat.com reports. 264,994 shares of the company were exchanged, compared to its average volume of 285,077. The stock has a market cap of $1.59 billion, a PE ratio of 27.59, a P/E/G ratio of 1.27 and a beta of 1.45. Hub Group has a 1 year low of $33.35 and a 1 year high of $54.46. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.26.

Hub Group (NASDAQ:HUBG) last posted its quarterly earnings data on Wednesday, August 1st. The transportation company reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.18. The firm had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.10 billion. Hub Group had a return on equity of 9.48% and a net margin of 3.33%. The firm’s quarterly revenue was up 27.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.29 EPS. equities analysts predict that Hub Group will post 2.43 EPS for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HUBG. Alliancebernstein L.P. lifted its stake in shares of Hub Group by 33.3% in the 4th quarter. Alliancebernstein L.P. now owns 64,797 shares of the transportation company’s stock valued at $3,104,000 after purchasing an additional 16,190 shares in the last quarter. Renaissance Technologies LLC acquired a new position in shares of Hub Group in the 4th quarter valued at about $7,407,000. Goldman Sachs Group Inc. lifted its stake in shares of Hub Group by 86.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 123,623 shares of the transportation company’s stock valued at $5,921,000 after purchasing an additional 57,191 shares in the last quarter. Raymond James & Associates lifted its stake in shares of Hub Group by 160.1% in the 4th quarter. Raymond James & Associates now owns 12,158 shares of the transportation company’s stock valued at $582,000 after purchasing an additional 7,483 shares in the last quarter. Finally, Teachers Advisors LLC lifted its stake in shares of Hub Group by 1.4% in the 4th quarter. Teachers Advisors LLC now owns 146,863 shares of the transportation company’s stock valued at $7,035,000 after purchasing an additional 2,075 shares in the last quarter. 92.79% of the stock is currently owned by institutional investors and hedge funds.

About Hub Group

Hub Group, Inc, an asset-light freight transportation management company, provides intermodal, truck brokerage, and logistics services in North America. It operates through two segments, Mode and Hub. Its intermodal services include arranging for the movement of its customers' freight in containers and trailers over long distances.

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