Evercore ISI Cuts Hub Group (NASDAQ:HUBG) Price Target to $44.00

Hub Group (NASDAQ:HUBG) had its price target cut by Evercore ISI from $46.00 to $44.00 in a research report report published on Friday, Benzinga reports. They currently have an outperform rating on the transportation company’s stock.

Several other analysts also recently weighed in on HUBG. Susquehanna lowered their price objective on Hub Group from $49.00 to $46.00 and set a neutral rating for the company in a research report on Monday, March 25th. Benchmark reissued a buy rating and set a $49.00 target price on shares of Hub Group in a research note on Wednesday, April 10th. Stephens reduced their target price on Hub Group from $44.00 to $42.00 and set an equal weight rating on the stock in a research note on Friday. JPMorgan Chase & Co. boosted their target price on Hub Group from $43.50 to $46.00 and gave the company a neutral rating in a research note on Tuesday, January 9th. Finally, Stifel Nicolaus boosted their target price on Hub Group from $49.50 to $52.00 and gave the company a buy rating in a research note on Wednesday, January 10th. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Hub Group has an average rating of Hold and a consensus price target of $46.54.

Hub Group Stock Performance

NASDAQ:HUBG opened at $40.50 on Friday. The business has a 50 day moving average of $41.80 and a 200 day moving average of $41.62. The company has a market capitalization of $2.54 billion, a price-to-earnings ratio of 19.24 and a beta of 0.89. Hub Group has a 1-year low of $31.73 and a 1-year high of $47.58. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.28 and a quick ratio of 1.29.

Hub Group (NASDAQ:HUBG) last announced its quarterly earnings data on Thursday, April 25th. The transportation company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.04. Hub Group had a return on equity of 8.48% and a net margin of 3.28%. The firm had revenue of $1,000.00 million during the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter in the previous year, the company posted $0.94 earnings per share. The business’s revenue was down 16.7% on a year-over-year basis. On average, sell-side analysts predict that Hub Group will post 2.15 earnings per share for the current fiscal year.

Hub Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Friday, March 8th were paid a $0.125 dividend. The ex-dividend date was Thursday, March 7th. This represents a $0.50 annualized dividend and a yield of 1.23%. Hub Group’s payout ratio is 23.75%.

Institutional Investors Weigh In On Hub Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HUBG. Silicon Valley Capital Partners grew its stake in Hub Group by 100.6% in the first quarter. Silicon Valley Capital Partners now owns 682 shares of the transportation company’s stock worth $29,000 after purchasing an additional 342 shares during the period. Anchor Investment Management LLC purchased a new stake in shares of Hub Group in the fourth quarter worth $37,000. Adirondack Trust Co. purchased a new stake in shares of Hub Group in the third quarter worth $39,000. Versant Capital Management Inc grew its stake in shares of Hub Group by 109.2% in the first quarter. Versant Capital Management Inc now owns 1,096 shares of the transportation company’s stock worth $47,000 after acquiring an additional 572 shares during the last quarter. Finally, Exchange Traded Concepts LLC grew its stake in shares of Hub Group by 60.3% in the third quarter. Exchange Traded Concepts LLC now owns 795 shares of the transportation company’s stock worth $62,000 after acquiring an additional 299 shares during the last quarter. 46.77% of the stock is owned by hedge funds and other institutional investors.

About Hub Group

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.