Hub Group (HUBG) Upgraded at Robert W. Baird

Robert W. Baird upgraded shares of Hub Group (NASDAQ:HUBG) from a neutral rating to an outperform rating in a report issued on Tuesday, Marketbeat.com reports. The firm currently has $55.00 price objective on the transportation company’s stock, up from their previous price objective of $45.00.

Other equities research analysts also recently issued research reports about the company. Stifel Nicolaus reiterated a buy rating and set a $45.00 price target on shares of Hub Group in a report on Thursday, September 7th. Zacks Investment Research upgraded Hub Group from a hold rating to a buy rating and set a $48.00 price objective for the company in a research note on Monday, October 2nd. UBS upped their price objective on Hub Group from $47.00 to $48.00 and gave the company a buy rating in a research note on Friday, October 27th. BidaskClub upgraded Hub Group from a hold rating to a buy rating in a research note on Saturday, December 2nd. Finally, Cowen restated a hold rating and issued a $40.00 price objective on shares of Hub Group in a research note on Thursday, October 12th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company’s stock. Hub Group currently has an average rating of Hold and a consensus price target of $47.58.

Shares of Hub Group (NASDAQ HUBG) traded down $0.25 during trading on Tuesday, reaching $47.30. The company had a trading volume of 113,000 shares, compared to its average volume of 322,176. Hub Group has a 1-year low of $33.17 and a 1-year high of $52.50. The company has a market capitalization of $1,622.07, a P/E ratio of 27.81, a P/E/G ratio of 1.86 and a beta of 1.49. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.19 and a quick ratio of 1.19.

Hub Group (NASDAQ:HUBG) last announced its quarterly earnings results on Thursday, October 26th. The transportation company reported $0.46 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.06. Hub Group had a return on equity of 8.87% and a net margin of 1.39%. The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the prior year, the company posted $0.54 earnings per share. Hub Group’s revenue was up 13.0% compared to the same quarter last year. sell-side analysts anticipate that Hub Group will post 1.7 EPS for the current fiscal year.

A number of large investors have recently made changes to their positions in HUBG. US Bancorp DE lifted its position in shares of Hub Group by 235.9% during the 2nd quarter. US Bancorp DE now owns 5,525 shares of the transportation company’s stock valued at $212,000 after buying an additional 3,880 shares during the last quarter. Municipal Employees Retirement System of Michigan lifted its position in shares of Hub Group by 4.1% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 7,900 shares of the transportation company’s stock valued at $303,000 after buying an additional 310 shares during the last quarter. Great West Life Assurance Co. Can lifted its position in shares of Hub Group by 2.9% during the 2nd quarter. Great West Life Assurance Co. Can now owns 48,606 shares of the transportation company’s stock valued at $1,862,000 after buying an additional 1,360 shares during the last quarter. Sei Investments Co. lifted its position in shares of Hub Group by 18.7% during the 2nd quarter. Sei Investments Co. now owns 24,435 shares of the transportation company’s stock valued at $937,000 after buying an additional 3,850 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its position in shares of Hub Group by 9.8% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 283,702 shares of the transportation company’s stock valued at $10,880,000 after buying an additional 25,248 shares during the last quarter. Hedge funds and other institutional investors own 93.84% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Hub Group (HUBG) Upgraded at Robert W. Baird” was originally posted by Community Financial News and is the property of of Community Financial News. If you are viewing this piece on another site, it was illegally copied and republished in violation of United States and international copyright & trademark law. The correct version of this piece can be viewed at https://www.com-unik.info/2017/12/22/hub-group-hubg-upgraded-at-robert-w-baird.html.

Hub Group Company Profile

Hub Group, Inc is an asset-light freight transportation management company. The Company offers intermodal, truck brokerage and logistics services. It operates through two business segments: Mode and Hub. The Mode segment markets and operates its freight transportation services, consisting of intermodal, truck brokerage and logistics, primarily through agents entering into contractual arrangements with Mode Transportation, LLC (Mode LLC).

Analyst Recommendations for Hub Group (NASDAQ:HUBG)

Receive News & Ratings for Hub Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hub Group and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit