Hub Group (NASDAQ:HUBG) Lowered to “Strong Sell” at BidaskClub

BidaskClub cut shares of Hub Group (NASDAQ:HUBG) from a sell rating to a strong sell rating in a research note issued to investors on Wednesday, June 5th, BidAskClub reports.

Several other research firms also recently commented on HUBG. Zacks Investment Research downgraded shares of Hub Group from a buy rating to a hold rating in a research report on Saturday, May 25th. Barclays dropped their price target on shares of Hub Group from $48.00 to $46.00 and set an underweight rating on the stock in a research report on Thursday, April 4th. Stephens boosted their price target on shares of Hub Group to $55.00 and gave the stock an overweight rating in a research report on Friday, February 8th. They noted that the move was a valuation call. 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 research note on Tuesday, April 2nd. Finally, Cowen upgraded shares of Hub Group from a market perform rating to an outperform rating and lowered their price objective for the company from $54.00 to $53.00 in a research note on Wednesday, May 22nd. Three research analysts have rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of $53.45.

HUBG stock traded up $0.74 during mid-day trading on Wednesday, hitting $41.98. The stock had a trading volume of 941,500 shares, compared to its average volume of 256,403. The stock has a market capitalization of $1.40 billion, a price-to-earnings ratio of 16.08 and a beta of 1.59. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.18 and a quick ratio of 1.18. The stock’s fifty day moving average is $40.82. Hub Group has a 52 week low of $34.02 and a 52 week high of $56.60.

Hub Group (NASDAQ:HUBG) last announced its quarterly earnings results on Tuesday, April 30th. The transportation company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.16. The company had revenue of $933.00 million for 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%. The firm’s revenue was up 11.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.48 EPS. As a group, analysts anticipate that Hub Group will post 3.32 earnings per share for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Advisory Services Network LLC bought a new stake in shares of Hub Group in the 1st quarter worth $36,000. First Mercantile Trust Co. bought a new stake in shares of Hub Group in the 4th quarter worth $39,000. Quantamental Technologies LLC bought a new stake in shares of Hub Group in the 4th quarter worth $40,000. Acadian Asset Management LLC bought a new stake in shares of Hub Group in the 4th quarter worth $60,000. Finally, PNC Financial Services Group Inc. grew its stake in shares of Hub Group by 28.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,076 shares of the transportation company’s stock worth $76,000 after acquiring an additional 456 shares in the last quarter. Hedge funds and other institutional investors own 90.74% of the company’s stock.

About Hub Group

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.

Further Reading: Hedge Funds

Analyst Recommendations for Hub Group (NASDAQ:HUBG)

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