The stock of Hub Group Inc (NASDAQ:HUBG) hit a new 52-week high and has $44.93 target or 4.00% above today’s $43.20 share price. The 7 months bullish chart indicates low risk for the $1.46 billion company. The 1-year high was reported on Dec, 1 by Barchart.com. If the $44.93 price target is reached, the company will be worth $58.40M 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 106,084 shares traded hands. Hub Group Inc (NASDAQ:HUBG) has risen 8.92% since April 28, 2016 and is uptrending. It has outperformed by 3.00% 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 $16.22M for 22.50 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. The firm earned “Hold” rating on Tuesday, November 22 by Stifel Nicolaus. The rating was upgraded by Zacks on Tuesday, August 18 to “Hold”. The company was upgraded on Friday, October 28 by Stifel Nicolaus. On Wednesday, August 17 the stock rating was initiated by Cowen & Co with “Market Perform”. The firm earned “Buy” rating on Thursday, August 27 by Zacks. The rating was initiated by Buckingham Research with “Neutral” on Tuesday, December 15. The rating was downgraded by BB&T Capital to “Hold” on Monday, April 25. As per Thursday, April 7, the company rating was downgraded by Stifel Nicolaus. Stifel Nicolaus upgraded the stock to “Buy” rating in Thursday, February 4 report. The stock of Hub Group Inc (NASDAQ:HUBG) has “Buy” rating given on Friday, October 9 by UBS.
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 dropped, 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.
Cubist Systematic Strategies Limited Liability Corp accumulated 6,067 shares or 0.01% of the stock. Blackrock Fund holds 0.02% or 2.24 million shares in its portfolio. Princeton Alpha Lp reported 7,102 shares or 0.05% of all its holdings. Sei Invs Company holds 0.01% or 33,780 shares in its portfolio. Cornercap Invest Counsel has invested 0.11% of its portfolio in Hub Group Inc (NASDAQ:HUBG). Ubs Asset Mngmt Americas last reported 0% of its portfolio in the stock. Pdts Partners Limited Com holds 0.12% or 40,200 shares in its portfolio. Alliancebernstein Limited Partnership, a New York-based fund reported 75,061 shares. Pub Employees Retirement Association Of Colorado holds 0% or 9,424 shares in its portfolio. The New York-based State Common Retirement Fund has invested 0% in Hub Group Inc (NASDAQ:HUBG). Blackrock Inv Mngmt Llc holds 141,209 shares or 0.01% of its portfolio. Jpmorgan Chase & reported 140,963 shares or 0% of all its holdings. Convergence Partners Limited Liability owns 27,670 shares or 0.15% of their US portfolio. The Maryland-based Calvert Inv Management has invested 0.12% in Hub Group Inc (NASDAQ:HUBG). Gotham Asset Mngmt Lc holds 0.08% or 182,880 shares in its 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 Wsj.com with their article: “Hub Group Lays Out Acquisition Strategy” published on April 27, 2016, Prnewswire.com published: “Hub Group, Inc. Reports Third Quarter 2016 Earnings” on October 26, 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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