Susquehanna Cuts Hub Group (NASDAQ:HUBG) Price Target to $48.00

Hub Group (NASDAQ:HUBG) had its target price decreased by analysts at Susquehanna from $55.00 to $48.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has a “positive” rating on the transportation company’s stock. Susquehanna’s target price points to a potential upside of 26.22% from the company’s previous close.

A number of other analysts have also recently weighed in on HUBG. Stifel Nicolaus increased their target price on shares of Hub Group from $46.00 to $53.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Benchmark boosted their price objective on shares of Hub Group from $47.00 to $49.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Deutsche Bank Aktiengesellschaft started coverage on shares of Hub Group in a report on Friday, March 7th. They issued a “hold” rating and a $41.00 target price on the stock. Finally, Barclays lowered their target price on Hub Group from $52.00 to $50.00 and set an “equal weight” rating for the company in a report on Monday, February 10th. Eight analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $47.18.

Hub Group Price Performance

HUBG opened at $38.03 on Wednesday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.30 and a current ratio of 1.33. Hub Group has a 1-year low of $36.04 and a 1-year high of $53.21. The company has a 50-day moving average of $41.38 and a 200-day moving average of $44.48. The company has a market capitalization of $2.34 billion, a P/E ratio of 22.37 and a beta of 0.93.

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

Institutional Investors Weigh In On Hub Group

A number of hedge funds and other institutional investors have recently modified their holdings of HUBG. Wealth Enhancement Advisory Services LLC bought a new position in Hub Group in the 4th quarter valued at about $206,000. Jefferies Financial Group Inc. bought a new position in shares of Hub Group in the fourth quarter valued at approximately $223,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Hub Group by 14.6% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 130,951 shares of the transportation company’s stock valued at $5,835,000 after acquiring an additional 16,644 shares during the period. Vident Advisory LLC raised its holdings in Hub Group by 6.4% during the fourth quarter. Vident Advisory LLC now owns 12,812 shares of the transportation company’s stock worth $571,000 after purchasing an additional 771 shares in the last quarter. Finally, Squarepoint Ops LLC lifted its position in Hub Group by 58.6% in the fourth quarter. Squarepoint Ops LLC now owns 55,811 shares of the transportation company’s stock worth $2,487,000 after purchasing an additional 20,613 shares during the period. 46.77% of the stock is currently owned by institutional investors.

Hub Group Company Profile

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.