Benchmark Has Lowered Expectations for Hub Group (NASDAQ:HUBG) Stock Price

Hub Group (NASDAQ:HUBG) had its target price decreased by stock analysts at Benchmark from $49.00 to $40.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the transportation company’s stock. Benchmark’s target price suggests a potential upside of 19.55% from the company’s previous close.

Other research analysts have also issued research reports about the company. Barclays decreased their target price on Hub Group from $50.00 to $45.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 2nd. Stifel Nicolaus boosted their target price on shares of Hub Group from $46.00 to $53.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Susquehanna reduced their price target on shares of Hub Group from $55.00 to $48.00 and set a “positive” rating on the stock in a research report on Wednesday, March 26th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Hub Group in a research report on Friday, March 7th. They set a “hold” rating and a $41.00 price objective for the company. Eight investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Hub Group currently has a consensus rating of “Hold” and a consensus price target of $45.91.

Hub Group Stock Performance

Hub Group stock opened at $33.46 on Wednesday. The stock has a market cap of $2.06 billion, a P/E ratio of 19.68 and a beta of 1.04. The stock has a 50 day moving average of $36.89 and a 200-day moving average of $42.85. The company has a current ratio of 1.33, a quick ratio of 1.30 and a debt-to-equity ratio of 0.10. Hub Group has a 52 week low of $30.97 and a 52 week high of $53.21.

Hub Group (NASDAQ:HUBG) last released its earnings results on Thursday, February 6th. The transportation company reported $0.48 earnings per share for the quarter, hitting the consensus estimate of $0.48. Hub Group had a net margin of 2.64% and a return on equity of 7.10%. On average, analysts expect that Hub Group will post 2.2 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of HUBG. Capital International Investors bought a new stake in shares of Hub Group during the fourth quarter valued at about $95,105,000. Norges Bank acquired a new stake in shares of Hub Group in the 4th quarter worth approximately $41,487,000. Balyasny Asset Management L.P. boosted its holdings in shares of Hub Group by 77.1% in the fourth quarter. Balyasny Asset Management L.P. now owns 1,147,499 shares of the transportation company’s stock valued at $51,133,000 after acquiring an additional 499,621 shares in the last quarter. River Road Asset Management LLC acquired a new position in shares of Hub Group during the fourth quarter valued at approximately $17,458,000. Finally, Segall Bryant & Hamill LLC raised its holdings in Hub Group by 60.6% during the fourth quarter. Segall Bryant & Hamill LLC now owns 589,141 shares of the transportation company’s stock worth $26,252,000 after purchasing an additional 222,405 shares in the last quarter. Institutional investors own 46.77% of the company’s stock.

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.