The stock of Hub Group Inc (NASDAQ:HUBG) hit a new 52-week high and has $46.06 target or 6.00% above today’s $43.45 share price. The 7 months bullish chart indicates low risk for the $1.49 billion company. The 1-year high was reported on Nov, 25 by Barchart.com. If the $46.06 price target is reached, the company will be worth $89.40M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 76,916 shares traded hands. Hub Group Inc (NASDAQ:HUBG) has risen 11.34% since April 22, 2016 and is uptrending. It has outperformed by 5.93% the S&P500.
Analysts await Hub Group Inc (NASDAQ:HUBG) to report earnings on February, 1. They expect $0.48 earnings per share, down 23.81% or $0.15 from last year’s $0.63 per share. HUBG’s profit will be $16.46 million for 22.63 P/E if the $0.48 EPS becomes a reality. After $0.54 actual earnings per share reported by Hub Group Inc for the previous quarter, Wall Street now forecasts -11.11% negative EPS growth.
Hub Group Inc (NASDAQ:HUBG) Ratings Coverage
Out of 7 analysts covering Hub Group (NASDAQ:HUBG), 1 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 14% are positive. Hub Group has been the topic of 14 analyst reports since August 18, 2015 according to StockzIntelligence Inc. On Friday, October 28 the stock rating was upgraded by Stifel Nicolaus to “Buy”. On Monday, April 25 the stock rating was downgraded by BB&T Capital to “Hold”. The company was downgraded on Tuesday, November 22 by Stifel Nicolaus. The stock of Hub Group Inc (NASDAQ:HUBG) earned “Hold” rating by Stifel Nicolaus on Thursday, April 7. Buckingham Research initiated the stock with “Neutral” rating in Tuesday, December 15 report. The rating was initiated by Cowen & Co with “Market Perform” on Wednesday, August 17. The firm earned “Hold” rating on Tuesday, August 18 by Zacks. On Friday, December 18 the stock rating was downgraded by Robert W. Baird to “Neutral”. The rating was downgraded by Zacks to “Buy” on Thursday, August 27. Stifel Nicolaus upgraded it to “Buy” rating and $41 target price in Thursday, February 4 report.
According to Zacks Investment Research, “Hub Group, Inc. is a full service transportation provider, offering intermodal, truck brokerage and comprehensive logistics services.”
Insitutional Activity: The institutional sentiment decreased to 0.92 in Q2 2016. Its down 0.13, from 1.05 in 2016Q1. The ratio fall, as 19 funds sold all Hub Group Inc shares owned while 57 reduced positions. 24 funds bought stakes while 56 increased positions. They now own 31.86 million shares or 1.23% less from 32.26 million shares in 2016Q1.
Tudor Investment Corporation Et Al has invested 0.02% of its portfolio in Hub Group Inc (NASDAQ:HUBG). Verition Fund Management Limited Liability Com owns 15,212 shares or 0.07% of their US portfolio. Louisiana State Employees Retirement Systems last reported 0.03% of its portfolio in the stock. Wells Fargo And Mn, a California-based fund reported 817,644 shares. Blackrock last reported 25,898 shares in the company. Amer Century Cos has 88,567 shares for 0% of their US portfolio. Sentinel Asset Mgmt holds 0.24% or 269,604 shares in its portfolio. Nuance Invests Ltd reported 561,620 shares or 2.23% of all its holdings. Northern Tru Corporation, a Illinois-based fund reported 397,326 shares. Nationwide Fund Advisors has invested 0.01% of its portfolio in Hub Group Inc (NASDAQ:HUBG). Credit Suisse Ag has 0% invested in the company for 45,290 shares. Blackrock Fund Advsrs has 0.02% invested in the company for 2.24 million shares. Envestnet Asset Mgmt reported 1,523 shares or 0% of all its holdings. Amp Ltd accumulated 7,300 shares or 0% of the stock. Kayne Anderson Rudnick Invest Mgmt Limited Liability Corporation has 96,188 shares for 0.06% of their US portfolio.
More notable recent Hub Group Inc (NASDAQ:HUBG) news were published by: Wsj.com which released: “Hub Group Will Use Acquisitions to Diversify Freight Services” on February 04, 2016, also Prnewswire.com with their article: “Hub Group, Inc. Reports Third Quarter 2016 Earnings” published on October 26, 2016, Wsj.com published: “Hub Group Lays Out Acquisition Strategy” on April 27, 2016. More interesting news about Hub Group Inc (NASDAQ:HUBG) were released by: Wsj.com and their article: “Hub Group Hires Acquisitions Expert” published on February 01, 2016 as well as Prnewswire.com‘s news article titled: “Hub Group, Inc. Reports Record Second Quarter 2016 Earnings” with publication date: July 26, 2016.
HUBG Company Profile
Hub Group, Inc., incorporated on March 8, 1995, is an asset-light freight transportation management company. The Firm offers intermodal, truck brokerage and logistics services. The Firm operates through two business divisions: Mode and Hub. The Mode segment markets and operates its freight transportation services, consisting of intermodal, truck brokerage and logistics, primarily through agents who enter into contractual arrangements with Mode LLC. The Hub segment provides intermodal, truck brokerage and logistics services through a network of operating centers throughout the United States, Canada and Mexico. The Firm is an intermodal marketing firm (IMC) in the United States and a full service transportation provider, offering intermodal, truck brokerage and logistics services. It operates through a network of operating centers and independent business owners. The Firm also provides drayage services with its own drayage operations, which it operates through its subsidiary Hub Group Trucking.
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