Barclays Maintains Hub Group Inc to Underweight with Price Target $43.00

Brokerage firm Barclays Maintains its rating on Hub Group Inc(NASDAQ:HUBG). In a research note issued to the investors, the brokerage major Raises the price-target to $43.00 per share. The shares have been rated Underweight. The rating by Barclays was issued on Sep 12, 2016.

In a different note, Cowen & Company said it Initiates Coverage on Hub Group Inc, according to a research note issued on Aug 17, 2016. The shares have been rated ‘Market Perform’ by the firm.

Hub Group Inc (HUBG) shares turned negative on Tuesdays trading session with the shares closing down -0.47 points or -1.15% at a volume of 1,07,988. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $41.16. The peak price level was also seen at $41.16 while the days lowest was $40.51. Finally the shares closed at $40.53. The 52-week high of the shares is $43.51 while the 52-week low is $28.19. According to the latest information available, the market cap of the company is $1,387 M.

Hub Group Inc(HUBG) last announced its earnings results on Jul 26, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $855.56M. Analysts had an estimated revenue of $881.40M. Earnings per share were $0.61. Analysts had estimated an EPS of $0.58.

Several Insider Transactions has been reported to the SEC. On May 12, 2016, James Gaw (EVP Sales) sold 60,000 shares at $44.06 per share price.Also, 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 Company’s 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.

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