Thu Sep 26 13:20:57 UTC 2024: ## Hub Group Stock Sees Upgraded Price Target, Remains ‘Neutral’

**Chicago, IL – September 26, 2024** – Transportation and logistics provider Hub Group (NASDAQ:HUBG) received a price target upgrade from investment analysts at Susquehanna, who raised their target to $50.00 from $44.00. This represents a potential upside of 10.89% from the company’s current price. Susquehanna maintains a “neutral” rating on the stock.

This positive outlook follows a mixed bag of recent analyst ratings. TD Cowen downgraded Hub Group from “buy” to “hold” and lowered their target price to $43.00, while other firms like JPMorgan Chase & Co. and UBS Group raised their targets to $51.00 and $48.00 respectively.

The consensus rating for HUBG is currently “Hold,” with a consensus price target of $45.65 based on data from MarketBeat.

Hub Group reported earnings of $0.47 per share for the second quarter, meeting analyst expectations. However, revenue came in lower than anticipated at $986.50 million, down 5.2% year-over-year.

Hedge funds have shown mixed interest in Hub Group, with some increasing their positions while others taking new stakes. Institutional investors currently own 46.77% of the company’s stock.

Hub Group provides a range of transportation and logistics services across North America, including intermodal, truckload, and final-mile delivery.

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