Cowen & Co. analyst Jason Seidl maintained a Hold rating on Hub Group (NASDAQ: HUBG) today and set a price target of $52. The company’s shares opened today at $44.27.
According to TipRanks.com, Seidl is a top 100 analyst with an average return of 15.3% and a 69.4% 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 $56 average price target, representing a 26.5% 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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Based on Hub Group’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $22.05 million. In comparison, last year the company had a net profit of $15.33 million.
Based on the recent corporate insider activity of 40 insiders, corporate insider sentiment is negative on the stock.
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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.
