Hub Group (NASDAQ:HUBG) Given New $43.00 Price Target at Evercore ISI

Hub Group (NASDAQ:HUBG) had its price objective lifted by Evercore ISI from $41.00 to $43.00 in a report issued on Thursday, Benzinga reports. The brokerage currently has an in-line rating on the transportation company’s stock.

Several other brokerages have also commented on HUBG. Benchmark restated a buy rating and issued a $47.00 price objective on shares of Hub Group in a report on Tuesday, September 17th. Stifel Nicolaus reduced their target price on Hub Group from $45.00 to $43.00 and set a buy rating on the stock in a report on Tuesday, August 6th. JPMorgan Chase & Co. raised their target price on Hub Group from $43.00 to $51.00 and gave the company a neutral rating in a research note on Friday, August 2nd. Susquehanna lifted their price target on Hub Group from $44.00 to $50.00 and gave the company a neutral rating in a research report on Thursday, September 26th. Finally, TD Cowen downgraded Hub Group from a buy rating to a hold rating and decreased their price objective for the stock from $50.00 to $43.00 in a report on Thursday, July 18th. Ten analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of Hold and a consensus target price of $45.29.

Hub Group Stock Performance

Shares of NASDAQ:HUBG opened at $42.40 on Thursday. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.13. The company has a 50-day moving average price of $44.38 and a 200-day moving average price of $43.22. The company has a market cap of $2.64 billion, a price-to-earnings ratio of 20.19 and a beta of 0.88. Hub Group has a 12 month low of $31.73 and a 12 month high of $48.39.

Hub Group (NASDAQ:HUBG) last issued its quarterly earnings data on Thursday, August 1st. The transportation company reported $0.47 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.47. Hub Group had a return on equity of 7.37% and a net margin of 2.89%. The firm had revenue of $986.50 million for the quarter, compared to analyst estimates of $1.09 billion. During the same period last year, the company earned $0.72 EPS. The business’s quarterly revenue was down 5.2% compared to the same quarter last year. As a group, equities analysts anticipate that Hub Group will post 1.93 EPS for the current year.

Hub Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Friday, September 6th were given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date of this dividend was Friday, September 6th. Hub Group’s dividend payout ratio (DPR) is 23.81%.

Institutional Investors Weigh In On Hub Group

A number of large investors have recently added to or reduced their stakes in HUBG. Family Firm Inc. purchased a new position in shares of Hub Group in the 2nd quarter worth $26,000. Silicon Valley Capital Partners lifted its holdings in Hub Group by 100.6% in the first quarter. Silicon Valley Capital Partners now owns 682 shares of the transportation company’s stock valued at $29,000 after acquiring an additional 342 shares during the period. Harel Insurance Investments & Financial Services Ltd. boosted its position in Hub Group by 81.5% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 744 shares of the transportation company’s stock worth $32,000 after purchasing an additional 334 shares during the last quarter. Point72 Hong Kong Ltd bought a new stake in shares of Hub Group during the 2nd quarter valued at about $34,000. Finally, Fidelis Capital Partners LLC purchased a new stake in shares of Hub Group during the 1st quarter valued at about $38,000. Institutional investors own 46.77% of the company’s stock.

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.