Analysts fell to the sidelines weighing in on Hub Group (HUBG) and Wesco International (WCC) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.
Hub Group (HUBG)
Cowen & Co. analyst Jason Seidl maintained a Hold rating on Hub Group today and set a price target of $56. The company’s shares opened today at $46.51.
According to TipRanks.com, Seidl is a top 100 analyst with an average return of 15.6% and a 70.3% success rate. Seidl covers the Services sector, focusing on stocks such as Covenant Transportation Group, Expeditors International, and Echo Global Logistics.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Hub Group with a $57.33 average price target, representing a 23.3% upside. In a report issued on October 22, Morgan Stanley also maintained a Hold rating on the stock with a $44 price target.
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Wesco International (WCC)
In a report released today, Christopher Glynn from Oppenheimer maintained a Hold rating on Wesco International. The company’s shares opened today at $53.80.
Glynn wrote:
“WCC lapped tough SG&A comps with cost structure now (as of 3Q) comparing normalized for restored compensation levels, and affording 74% conversion of GP growth to OP. WCC also indicated expectation to convert 50%+ on a low single-digit organic growth profile vs. historically requiring stronger growth to deliver targeted pull through. WCC increased share repurchase authorization to $400M and noted plans to repurchase about $175M through 1H19 subject to market conditions. GM improved slightly, as price pass through and billing margin management proved solid, though we note reversal of recent unfavorable mix from outsized international growth (excluding Canada) at lower GM, and strong 3Q growth from Canada (typically favorable GM mix).”
According to TipRanks.com, Glynn is a 5-star analyst with an average return of 7.9% and a 60.7% success rate. Glynn covers the Industrial Goods sector, focusing on stocks such as Emerson Electric Company, Honeywell International, and Roper Technologies.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Wesco International with a $63.50 average price target, implying a 18.0% upside from current levels. In a report issued on November 1, RBC Capital also reiterated a Hold rating on the stock with a $61 price target.
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