Hub Group (NASDAQ:HUBG) Given New $45.00 Price Target at Barclays

Hub Group (NASDAQ:HUBG) had its price objective lowered by analysts at Barclays from $50.00 to $45.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the transportation company’s stock. Barclays‘s price target would suggest a potential upside of 20.37% from the company’s previous close.

HUBG has been the topic of a number of other research reports. Stifel Nicolaus increased their price target on Hub Group from $46.00 to $53.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Benchmark boosted their price target on shares of Hub Group from $47.00 to $49.00 and gave the company a “buy” rating in a report on Friday, January 10th. Susquehanna reduced their price objective on shares of Hub Group from $55.00 to $48.00 and set a “positive” rating for the company in a research note on Wednesday, March 26th. Finally, Deutsche Bank Aktiengesellschaft began coverage on Hub Group in a research report on Friday, March 7th. They set a “hold” rating and a $41.00 target price on the stock. Eight investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, Hub Group has an average rating of “Hold” and an average target price of $46.73.

Hub Group Stock Performance

Shares of NASDAQ:HUBG opened at $37.39 on Wednesday. The company has a current ratio of 1.33, a quick ratio of 1.30 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $2.30 billion, a price-to-earnings ratio of 22.00 and a beta of 1.04. Hub Group has a 12 month low of $36.04 and a 12 month high of $53.21. The firm’s 50-day moving average is $40.90 and its 200 day moving average is $44.34.

Hub Group (NASDAQ:HUBG) last released its earnings results on Thursday, February 6th. The transportation company reported $0.48 earnings per share 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%. Research analysts predict that Hub Group will post 2.2 EPS for the current year.

Institutional Investors Weigh In On Hub Group

A number of large investors have recently made changes to their positions in HUBG. Capital International Investors acquired a new position in shares of Hub Group in the 4th quarter valued at $95,105,000. Norges Bank acquired a new position in shares of Hub Group in the fourth quarter worth $41,487,000. Balyasny Asset Management L.P. increased its position in shares of Hub Group by 77.1% during the fourth quarter. Balyasny Asset Management L.P. now owns 1,147,499 shares of the transportation company’s stock worth $51,133,000 after acquiring an additional 499,621 shares during the period. River Road Asset Management LLC acquired a new stake in shares of Hub Group in the fourth quarter valued at $17,458,000. Finally, Segall Bryant & Hamill LLC boosted its holdings in Hub Group by 60.6% in the fourth quarter. Segall Bryant & Hamill LLC now owns 589,141 shares of the transportation company’s stock valued at $26,252,000 after purchasing an additional 222,405 shares during the period. 46.77% of the stock is currently owned by hedge funds and other 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.