Benchmark Issues Pessimistic Forecast for Hub Group (NASDAQ:HUBG) Stock Price

Hub Group (NASDAQ:HUBGGet Free Report) had its target price decreased by investment analysts at Benchmark from $50.00 to $42.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has a “buy” rating on the transportation company’s stock. Benchmark’s price objective indicates a potential upside of 11.75% from the stock’s previous close.

A number of other research analysts have also weighed in on the company. Robert W. Baird set a $29.00 price objective on Hub Group and gave the company a “neutral” rating in a research report on Friday, February 6th. Raymond James Financial reaffirmed an “outperform” rating and issued a $48.00 price target on shares of Hub Group in a research report on Wednesday, April 15th. Zacks Research raised shares of Hub Group from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. Wells Fargo & Company restated an “equal weight” rating and set a $35.00 price objective (down from $55.00) on shares of Hub Group in a research note on Thursday, March 26th. Finally, Barclays reiterated an “overweight” rating and issued a $48.00 target price (up from $38.00) on shares of Hub Group in a research note on Thursday, January 15th. Seven analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Hub Group has an average rating of “Hold” and a consensus target price of $43.14.

Get Our Latest Stock Analysis on HUBG

Hub Group Stock Down 1.0%

Shares of HUBG stock traded down $0.37 during trading hours on Thursday, hitting $37.58. 48,334 shares of the company’s stock traded hands, compared to its average volume of 847,582. The stock’s fifty day simple moving average is $39.07 and its two-hundred day simple moving average is $40.90. Hub Group has a 12-month low of $32.46 and a 12-month high of $53.26. The stock has a market cap of $2.30 billion, a price-to-earnings ratio of 21.72, a PEG ratio of 1.04 and a beta of 1.26. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.09.

Hedge Funds Weigh In On Hub Group

A number of hedge funds have recently bought and sold shares of the business. New York State Common Retirement Fund lifted its holdings in shares of Hub Group by 353.0% during the 3rd quarter. New York State Common Retirement Fund now owns 87,559 shares of the transportation company’s stock valued at $3,016,000 after buying an additional 68,232 shares during the period. Federated Hermes Inc. lifted its holdings in Hub Group by 105.7% in the third quarter. Federated Hermes Inc. now owns 52,756 shares of the transportation company’s stock valued at $1,817,000 after acquiring an additional 27,105 shares during the period. Cramer Rosenthal Mcglynn LLC lifted its holdings in Hub Group by 14.8% in the third quarter. Cramer Rosenthal Mcglynn LLC now owns 860,682 shares of the transportation company’s stock valued at $29,642,000 after acquiring an additional 111,150 shares during the period. Interval Partners LP boosted its position in Hub Group by 8.1% in the third quarter. Interval Partners LP now owns 471,766 shares of the transportation company’s stock worth $16,248,000 after purchasing an additional 35,431 shares during the last quarter. Finally, Allianz Asset Management GmbH boosted its position in Hub Group by 43.9% in the third quarter. Allianz Asset Management GmbH now owns 69,374 shares of the transportation company’s stock worth $2,389,000 after purchasing an additional 21,161 shares during the last quarter. Hedge funds and other institutional investors own 46.77% of the company’s stock.

Hub Group Company Profile

(Get Free Report)

Hub Group, Inc (NASDAQ: HUBG) is a leading supply chain solutions provider headquartered in Oak Brook, Illinois. Founded in 1971 as Hub City Terminals and renamed Hub Group in 1978, the company completed its initial public offering in 2007. Over the decades, Hub Group has developed a comprehensive multimodal transportation network, leveraging partnerships with major rail carriers and an extensive drayage fleet to offer cost-efficient, sustainable shipping alternatives.

The company operates through two primary segments: Intermodal and Transportation Management.

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