BidaskClub Downgrades Hub Group (NASDAQ:HUBG) to Sell

Hub Group (NASDAQ:HUBG) was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating in a note issued to investors on Saturday, BidAskClub reports.

Several other equities research analysts also recently commented on HUBG. Zacks Investment Research downgraded Hub Group from a “buy” rating to a “hold” rating in a report on Thursday, October 10th. Cowen lowered their price target on Hub Group from $55.00 to $53.00 and set an “outperform” rating for the company in a research report on Thursday, October 31st. Stephens set a $53.00 price target on shares of Hub Group and gave the stock a “buy” rating in a research note on Friday, September 27th. Morgan Stanley dropped their price target on shares of Hub Group from $44.00 to $42.00 and set an “equal weight” rating on the stock in a research note on Monday, October 7th. Finally, JPMorgan Chase & Co. raised shares of Hub Group from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $51.00 to $60.00 in a research report on Friday, October 4th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $50.38.

NASDAQ:HUBG opened at $50.11 on Friday. The firm has a market capitalization of $1.71 billion, a P/E ratio of 19.20 and a beta of 1.64. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.26 and a quick ratio of 1.26. Hub Group has a one year low of $34.02 and a one year high of $52.64. The company’s 50-day simple moving average is $49.80 and its 200 day simple moving average is $44.20.

Hub Group (NASDAQ:HUBG) last released its earnings results on Wednesday, October 30th. The transportation company reported $0.97 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.17. Hub Group had a net margin of 3.38% and a return on equity of 11.11%. The firm had revenue of $913.28 million during the quarter, compared to analyst estimates of $956.99 million. During the same period last year, the business earned $0.77 earnings per share. The business’s revenue was down 2.1% on a year-over-year basis. On average, equities research analysts expect that Hub Group will post 3.4 earnings per share for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the stock. Strs Ohio boosted its stake in shares of Hub Group by 3.3% in the 2nd quarter. Strs Ohio now owns 22,000 shares of the transportation company’s stock worth $923,000 after buying an additional 700 shares during the last quarter. Laurion Capital Management LP purchased a new position in shares of Hub Group in the second quarter worth approximately $934,000. SG Americas Securities LLC bought a new stake in Hub Group during the second quarter valued at approximately $1,443,000. Morgan Stanley grew its position in Hub Group by 91.7% during the second quarter. Morgan Stanley now owns 386,609 shares of the transportation company’s stock valued at $16,228,000 after buying an additional 184,897 shares during the period. Finally, Diamond Hill Capital Management Inc. grew its position in Hub Group by 0.4% during the second quarter. Diamond Hill Capital Management Inc. now owns 3,253,735 shares of the transportation company’s stock valued at $136,592,000 after buying an additional 12,053 shares during the period. 94.49% of the stock is currently owned by institutional investors.

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.

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Analyst Recommendations for Hub Group (NASDAQ:HUBG)

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