Equities research analysts at Sterne Agee boosted their price target on shares of Hub Group (NASDAQ: HUBG)
The analysts wrote, ?From the sound of it, HUBG?s two-year long restructuring may be nearly complete as Truck Brokerage and Logistics margins improved meaningfully this quarter. Railroad intermodal shows improved profits from a higher drayage penetration as well, leading us to believe that HUBG could be in a position once its 2013 capital budget is behind them to use their free cash flow to generate additional growth again. One quarter does not make a trend, but bears watching.? Several other analysts have also recently commented on the stock. Analysts at UBS AG raised their price target on shares of Hub Group from $35.00 to $37.50 in a research note to investors on Wednesday. They now have a ?neutral? rating on the stock. Separately, analysts at RBC Capital raised their price target on shares of Hub Group from $36.00 to $43.00 in a research note to investors on Wednesday. They now have an ?outperform? rating on the stock. Finally, analysts at Stifel Nicolaus downgraded shares of Hub Group from a ?buy? rating to a ?hold? rating in a research note to investors on Wednesday. They now have a $39.00 price target on the stock. They noted that the move was a valuation call.
Five investment analysts have rated the stock with a buy rating, two have assigned an overweight rating, and thirteen have given a hold rating to the company. The company currently has a consensus rating of ?overweight? and a consensus price target of $38.45.
Hub Group traded down 1.21% on Wednesday, hitting $36.75. Hub Group has a 1-year low of $27.26 and a 1-year high of $37.47. The stock?s 50-day moving average is currently $34.10. The company has a market cap of $1.388 billion and a price-to-earnings ratio of 20.90.
Hub Group last issued its quarterly earnings data on Tuesday, January 29th. The company reported $0.51 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.50 by $0.01. The company had revenue of $801.00 million for the quarter, compared to the consensus estimate of $817.86 million. During the same quarter in the previous year, the company posted $0.48 earnings per share. The company?s revenue for the quarter was up 5.0% on a year-over-year basis. Analysts expect that Hub Group will post $2.07 EPS for the current fiscal year.
Hub Group, Inc. is an asset-light freight transportation management company. The Company offers intermodal, truck brokerage and logistics services.