Hub Group (NASDAQ:HUBG) Price Target Cut to $42.00 by Analysts at Morgan Stanley

Hub Group (NASDAQ:HUBG) had its price objective lowered by Morgan Stanley from $44.00 to $42.00 in a research report sent to investors on Monday morning, BenzingaRatingsTable reports. The firm currently has an equal weight rating on the transportation company’s stock.

A number of other brokerages also recently commented on HUBG. UBS Group set a $46.00 price objective on shares of Hub Group and gave the company a hold rating in a research report on Wednesday, July 31st. ValuEngine upgraded shares of Hub Group from a sell rating to a hold rating in a research report on Thursday, August 1st. JPMorgan Chase & Co. upgraded shares of Hub Group from a neutral rating to an overweight rating and raised their price objective for the company from $51.00 to $60.00 in a research report on Friday, October 4th. BidaskClub upgraded shares of Hub Group from a sell rating to a hold rating in a research report on Thursday, September 12th. Finally, Stephens set a $53.00 price objective on shares of Hub Group and gave the company a buy rating in a research report on Friday, September 27th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of Hold and a consensus price target of $53.27.

Shares of HUBG opened at $46.57 on Monday. Hub Group has a fifty-two week low of $34.02 and a fifty-two week high of $49.35. The company has a market capitalization of $1.58 billion, a price-to-earnings ratio of 17.84 and a beta of 1.60. The firm has a 50-day simple moving average of $44.70 and a 200-day simple moving average of $42.34. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.23 and a current ratio of 1.23.

Hub Group (NASDAQ:HUBG) last announced its earnings results on Tuesday, July 30th. The transportation company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.12. The business had revenue of $921.16 million during the quarter, compared to the consensus estimate of $973.45 million. Hub Group had a net margin of 5.69% and a return on equity of 11.40%. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.66 earnings per share. Equities research analysts forecast that Hub Group will post 3.36 EPS for the current year.

In other Hub Group news, Director Charles R. Reaves sold 5,000 shares of the stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $42.21, for a total value of $211,050.00. Following the completion of the transaction, the director now directly owns 67,127 shares of the company’s stock, valued at $2,833,430.67. The sale was disclosed in a filing with the SEC, which is available at this link. 5.94% of the stock is owned by company insiders.

Institutional investors have recently modified their holdings of the business. Tower Research Capital LLC TRC increased its holdings in Hub Group by 133.0% in the second quarter. Tower Research Capital LLC TRC now owns 615 shares of the transportation company’s stock valued at $26,000 after buying an additional 351 shares in the last quarter. Advisory Services Network LLC purchased a new position in Hub Group in the first quarter valued at about $36,000. Point72 Hong Kong Ltd increased its holdings in Hub Group by 1,773.5% in the second quarter. Point72 Hong Kong Ltd now owns 918 shares of the transportation company’s stock valued at $39,000 after buying an additional 869 shares in the last quarter. Point72 Asset Management L.P. increased its holdings in Hub Group by 22.2% in the second quarter. Point72 Asset Management L.P. now owns 1,552 shares of the transportation company’s stock valued at $65,000 after buying an additional 282 shares in the last quarter. Finally, NumerixS Investment Technologies Inc increased its holdings in Hub Group by 86.7% in the first quarter. NumerixS Investment Technologies Inc now owns 2,800 shares of the transportation company’s stock valued at $116,000 after buying an additional 1,300 shares in the last quarter. 91.72% of the stock is owned by institutional investors.

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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Analyst Recommendations for Hub Group (NASDAQ:HUBG)

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