Hub Group Inc (HUBG) was Downgraded by Stifel to ” Hold” and the brokerage firm has set the Price Target at $44. Earlier the firm had a rating of “Buy ” on the company shares. Stifel advised their investors in a research report released on Nov 22, 2016.
Many Wall Street Analysts have commented on Hub Group Inc. Stifel Upgraded Hub Group Inc on Oct 28, 2016 to ” Buy”, Price Target of the shares are set at $44.
On the company’s financial health, Hub Group Inc reported $0.54 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Oct 26, 2016. Analyst had a consensus of $0.55. The company had revenue of $932.81 million for the quarter, compared to analysts expectations of $927.16 million. The company’s revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.55 EPS.
Hub Group Inc opened for trading at $42.5 and hit $43.025 on the upside on Monday, eventually ending the session at $42.95, with a gain of 1.06% or 0.45 points. The heightened volatility saw the trading volume jump to 2,10,976 shares. Company has a market cap of $1,454 M.
In a different news, on May 12, 2016, James Gaw (EVP Sales) sold 60,000 shares at $44.06 per share price. According to the SEC, on Feb 10, 2016, Martin P Slark (director) purchased 10,000 shares at $34.88 per share price. On Nov 20, 2015, Christopher R Kravas (Chief Marketing Officer) sold 2,000 shares at $38.96 per share price, according to the Form-4 filing with the securities and exchange commission.
Hub Group Inc. is an asset-light freight transportation management company. The Company is an intermodal marketing company (IMC) in the United States a truck broker and a full service transportation provider. The Company operates through two business segments namely Mode and Hub. The Mode segment markets and operates its freight transportation services primarily through its network of independent business owners (IBOs) who enter into contracts with Mode. The Hub segment provides intermodal truck brokerage and logistics services through a network of operating centers throughout the United States Canada and Mexico. The Company arranges freight movement for its customers through transportation carriers and equipment providers. The Companys transportation services for both the Hub and the Mode segments can be classified into three categories namely intermodal truck brokerage (highway services) and logistics and other services.