ValuEngine Downgrades Hub Group (NASDAQ:HUBG) to Sell

Hub Group (NASDAQ:HUBG) was downgraded by equities research analysts at ValuEngine from a “hold” rating to a “sell” rating in a research report issued on Monday, ValuEngine reports.

A number of other research firms have also weighed in on HUBG. Zacks Investment Research lowered shares of Hub Group from a “buy” rating to a “hold” rating in a report on Saturday, May 25th. Barclays lowered their price objective on shares of Hub Group from $48.00 to $46.00 and set an “underweight” rating for the company in a report on Thursday, April 4th. UBS Group set a $44.00 price objective on shares of Hub Group and gave the stock a “hold” rating in a report on Wednesday, June 19th. BidaskClub lowered shares of Hub Group from a “hold” rating to a “sell” rating in a report on Tuesday, May 14th. Finally, Buckingham Research lowered their price objective on shares of Hub Group from $54.00 to $50.00 and set a “neutral” rating for the company in a report on Tuesday, April 2nd. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $53.45.

Hub Group stock opened at $39.33 on Monday. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.22. The business’s 50-day moving average price is $41.00. The stock has a market capitalization of $1.41 billion, a price-to-earnings ratio of 15.07 and a beta of 1.58. Hub Group has a 1-year low of $34.02 and a 1-year high of $56.60.

Hub Group (NASDAQ:HUBG) last posted its earnings results on Tuesday, April 30th. The transportation company reported $0.71 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.16. The company had revenue of $933.00 million during the quarter, compared to analyst estimates of $946.76 million. Hub Group had a net margin of 5.15% and a return on equity of 11.31%. Hub Group’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.48 earnings per share. Sell-side analysts anticipate that Hub Group will post 3.33 earnings per share for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of HUBG. Advisory Services Network LLC bought a new position in shares of Hub Group during the first quarter valued at approximately $36,000. Acadian Asset Management LLC bought a new stake in shares of Hub Group during the fourth quarter valued at approximately $60,000. PNC Financial Services Group Inc. increased its position in shares of Hub Group by 28.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,076 shares of the transportation company’s stock valued at $76,000 after acquiring an additional 456 shares in the last quarter. NumerixS Investment Technologies Inc increased its position in shares of Hub Group by 86.7% during the first quarter. NumerixS Investment Technologies Inc now owns 2,800 shares of the transportation company’s stock valued at $116,000 after acquiring an additional 1,300 shares in the last quarter. Finally, Quantamental Technologies LLC increased its position in shares of Hub Group by 176.4% during the first quarter. Quantamental Technologies LLC now owns 3,015 shares of the transportation company’s stock valued at $123,000 after acquiring an additional 1,924 shares in the last quarter. Institutional investors and hedge funds own 90.74% of the company’s stock.

Hub Group Company Profile

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

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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Hub Group (NASDAQ:HUBG)

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