Extremely important negative changes in investment behavior have recently occurred for Hub Group Inc (NASDAQ: HUBG): negative upside/downside volume developed, its shorter term price trend turned down, and the stock fell on very heavy volume.
Hub Group Inc (NASDAQ: HUBG). Modest negative changes in fundamentals have recently occurred. Negative developments: significant quarterly sales deceleration occurred, and the consensus estimate for December, 2024 decreased significantly. Positive development: significant quarterly earnings acceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
HUBG’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a Value Builder.
Hub Group has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Hub Group has a neutral Appreciation Score of 57 and a slightly positive Power Rating of 65, resulting in the High Neutral Value Trend Rating.
Recent Price Action
Hub Group Inc (NASDAQ: HUBG) stock closed at $42.18 on 3/1/24 after a slight decline of -0.8%. Moreover, this decline was accompanied by exceptionally high trading volume at 200% of normal. The stock has declined -4.0% during the last week but has been strong relative to the market over the last nine months.
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