Hub Group (NASDAQ:HUBG) Price Target Cut to $40.00 by Analysts at Raymond James Financial

Hub Group (NASDAQ:HUBGGet Free Report) had its price objective lowered by equities research analysts at Raymond James Financial from $48.00 to $40.00 in a research note issued to investors on Thursday, Benzinga reports. The firm currently has an “outperform” rating on the transportation company’s stock. Raymond James Financial’s price objective indicates a potential upside of 21.07% from the stock’s previous close.

A number of other research firms have also recently weighed in on HUBG. Weiss Ratings reissued a “hold (c)” rating on shares of Hub Group in a research note on Wednesday, June 24th. Wells Fargo & Company set a $35.00 price target on shares of Hub Group in a research note on Monday. Finally, UBS Group reaffirmed a “neutral” rating on shares of Hub Group in a report on Tuesday. Six research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $42.69.

Get Our Latest Research Report on HUBG

Hub Group Stock Down 0.2%

Hub Group stock traded down $0.08 on Thursday, hitting $33.04. The company’s stock had a trading volume of 245,582 shares, compared to its average volume of 924,475. Hub Group has a one year low of $31.41 and a one year high of $53.26. The firm has a market cap of $2.02 billion, a P/E ratio of 19.11, a price-to-earnings-growth ratio of 0.95 and a beta of 1.19. The company has a fifty day moving average price of $42.70 and a 200-day moving average price of $41.58.

Institutional Investors Weigh In On Hub Group

A number of hedge funds have recently made changes to their positions in the company. Nykredit A S bought a new stake in Hub Group during the second quarter worth about $25,000. State of Wyoming bought a new position in shares of Hub Group in the first quarter valued at approximately $52,000. TD Private Client Wealth LLC boosted its holdings in shares of Hub Group by 157.9% in the 4th quarter. TD Private Client Wealth LLC now owns 2,110 shares of the transportation company’s stock worth $90,000 after acquiring an additional 1,292 shares in the last quarter. Versant Capital Management Inc boosted its holdings in shares of Hub Group by 10.6% in the 2nd quarter. Versant Capital Management Inc now owns 2,588 shares of the transportation company’s stock worth $113,000 after acquiring an additional 248 shares in the last quarter. Finally, MidFirst Bank bought a new stake in Hub Group during the 4th quarter worth approximately $153,000. Institutional investors and hedge funds own 46.77% of the company’s stock.

Hub Group Company Profile

(Get Free Report)

Hub Group, Inc is a North American transportation and logistics company that provides supply chain solutions to manufacturers, retailers, distributors and other businesses. Its services are designed to help customers move freight efficiently across multiple modes of transportation and manage related logistics activities.

The company’s primary offerings include intermodal transportation, which combines rail and truck services; truck brokerage; dedicated and managed transportation; and final-mile and other logistics services.

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Analyst Recommendations for Hub Group (NASDAQ:HUBG)

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