In a report released today, Allison Poliniak from Wells Fargo maintained a Buy rating on Hub Group (HUBG – Research Report), with a price target of $90.00. The company’s shares closed yesterday at $87.30.
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Currently, the analyst consensus on Hub Group is a Moderate Buy with an average price target of $77.31, a -11.44% downside from current levels. In a report released on January 10, Stifel Nicolaus also maintained a Buy rating on the stock with a $52.00 price target.
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Based on Hub Group’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.02 billion and a net profit of $30.46 million. In comparison, last year the company earned a revenue of $1.36 billion and had a net profit of $87.33 million
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Hub Group (HUBG) Company Description:
Hub Group, Inc. is a transportation management company, which engaegs in the provision of intermodal, truck brokerage, and logistics services. It operates through the Hub and Mode segments. The Hub segment offers comprehensive intermodal, truck brokerage, and logistics services. The Mode segment markets and operates its freight transportation services, consisting of intermodal, truck brokerage, and logistics. The company was founded by Phillip C. Yeager in 1971 and is headquartered in Oak Brook, IL.
Read More on HUBG:
- Hub Group, Inc. Schedules Fourth Quarter 2023 Earnings Conference Call
- Hub Group downgraded to Neutral at Susquehanna on need for estimate cuts
- Hub Group price target raised to $104 from $99 at Stifel
- Hub Group price target raised to $85 from $75 at Barclays
- Hub Group downgraded to Neutral from Positive at Susquehanna
