51job Reaffirms “Maintains” Rating for Hub Group (NASDAQ:HUBG)

Posted by on May 4th, 2023

51job reaffirmed their maintains rating on shares of Hub Group (NASDAQ:HUBG – Get Rating) in a research note published on Monday morning, Benzinga reports.

A number of other equities research analysts have also commented on the company. Morgan Stanley dropped their price target on Hub Group from $95.00 to $93.00 and set an equal weight rating on the stock in a research report on Tuesday, April 4th. UBS Group downgraded shares of Hub Group from a buy rating to a neutral rating in a research report on Wednesday, January 4th. Robert W. Baird boosted their price objective on shares of Hub Group from $96.00 to $108.00 in a research report on Friday, February 3rd. Stifel Nicolaus lowered their target price on Hub Group from $110.00 to $94.00 in a report on Monday. Finally, StockNews.com lowered Hub Group from a buy rating to a hold rating in a report on Friday, April 7th. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of Moderate Buy and an average price target of $101.21.

Hub Group Price Performance

Shares of HUBG stock opened at $73.92 on Monday. The firm’s 50 day moving average price is $83.64 and its two-hundred day moving average price is $83.00. The stock has a market cap of $2.47 billion, a PE ratio of 7.44 and a beta of 0.90. Hub Group has a 52-week low of $66.50 and a 52-week high of $104.67. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.53 and a current ratio of 1.53.

Hub Group (NASDAQ:HUBG – Get Rating) last issued its earnings results on Thursday, April 27th. The transportation company reported $1.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.86 by $0.02. The firm had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.23 billion. Hub Group had a return on equity of 21.36% and a net margin of 6.38%. The company’s revenue was down 7.6% compared to the same quarter last year. During the same quarter last year, the business earned $2.58 earnings per share. As a group, analysts forecast that Hub Group will post 6.5 EPS for the current year.

Institutional Trading of Hub Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. AXA S.A. bought a new stake in shares of Hub Group in the 3rd quarter valued at about $794,000. Dimensional Fund Advisors LP lifted its position in shares of Hub Group by 0.6% in the third quarter. Dimensional Fund Advisors LP now owns 2,351,312 shares of the transportation company’s stock valued at $162,198,000 after buying an additional 13,674 shares during the last quarter. Cardinal Capital Management boosted its stake in shares of Hub Group by 1.5% during the 4th quarter. Cardinal Capital Management now owns 15,381 shares of the transportation company’s stock worth $1,223,000 after acquiring an additional 228 shares during the period. Raymond James & Associates increased its holdings in shares of Hub Group by 6.3% during the 3rd quarter. Raymond James & Associates now owns 29,596 shares of the transportation company’s stock worth $2,042,000 after acquiring an additional 1,767 shares during the last quarter. Finally, WINTON GROUP Ltd bought a new stake in Hub Group in the 3rd quarter valued at $522,000. 94.46% of the stock is owned by institutional investors.

Hub Group Company Profile

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Hub Group, Inc engages in the provision of multi-modal transportation and logistics solutions. Its solutions include intermodal transportation, truck brokerage, asset trucking, and dedicated trucking. It serves the retail, e-commerce, paper, chemical, healthcare, glass, private equity, and automotive industries.

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