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Wells Fargo Maintains Overweight Rating for Hub Group: Here's What You Need To Know

Wells Fargo has decided to maintain its Overweight rating of Hub Group (NASDAQ:HUBG) and raise its price target from $80.00 to $95.00. Shares of Hub Group are trading up 5.83% over the last 24 hours, at $70.48 per share. A move to $95.00 would account for ...

Benzinga · 04/29/2022 12:04

Wells Fargo has decided to maintain its Overweight rating of Hub Group (NASDAQ:HUBG) and raise its price target from $80.00 to $95.00.

Shares of Hub Group are trading up 5.83% over the last 24 hours, at $70.48 per share.

A move to $95.00 would account for a 34.79% increase from the current share price.

About Hub Group

Hub Group ranks among the largest asset-light providers of rail intermodal service. Following the August 2018 divestiture of logistics provider Mode, which was run separately, its core operating units are intermodal, which uses the Class I rail carriers for the underlying line-haul movement of containers (60% of sales); highway brokerage (12%); Unyson Logistics, which provides outsourced transportation management services (20%); and Hub Dedicated (8%), an asset-based full-truckload carrier.

About Analyst Ratings

Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.

Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along with analyst success scores in Benzinga Pro.

This article was generated by Benzinga's automated content engine and reviewed by an editor.