Evercore analyst Jonathan Chappell maintains $Hub Group (HUBG.US)$ with a hold rating, and adjusts the target price from $44 to $45.
According to TipRanks data, the analyst has a success rate of 65.5% and a total average return of 18.6% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Hub Group (HUBG.US)$'s main analysts recently are as follows:
The firm's recent analysis suggests that Hub Group's refined forecasts point to ongoing yield challenges within its brokerage and intermodal segments as the year progresses. Nevertheless, anticipated revenue growth from a new joint venture in Mexico, along with cost advantages from network investments, are expected to put the company in a favorable position to capitalize on a possible freight revival in the following year.
Hub Group's performance exceeded estimates and consensus forecasts for the third quarter, though predictions for the fourth quarter suggest a sequential decline as the peak may have occurred earlier and there are ongoing pricing pressures.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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