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UPDATE: BMO Capital Markets Initiates Coverage on Hub Group on Good Market Position, Margin Pressure Vulnerabilities

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In a report published Tuesday, BMO Capital Markets analyst Fadi Chamoun initiated coverage on Hub Group (NASDAQ: HUBG) with a Market Perform rating and $42.00 price target.

In the report, BMO Capital Markets noted, “Hub Group is the second-largest player in the high-growth intermodal sector and enjoys numerous competitive advantages relative to smaller intermodal marketing companies, including operating density, company-controlled drayage operations and strong rail relationships. In our view, Hub Group also has significant opportunities to cross-sell its other services (truck brokerage, logistics) into the company's existing accounts. Furthermore, we believe the company is well positioned to be opportunistic in pursuing acquisitions. Notwithstanding the above, we believe the misalignment between intermodal bid season and the timing of rail pricing adjustments leaves the company vulnerable to margin pressure. While we expect the company will generate robust earnings growth, the upside appears to be captured in its current valuation. We are initiating coverage of Hub Group with a Market Perform rating.”

Hub Group closed on Monday at $39.26.

Latest Ratings for HUBG

DateFirmActionFromTo
Apr 2019MaintainsUnderweightUnderweight
Apr 2019MaintainsNeutralNeutral
Dec 2018DowngradesBuyNeutral

View More Analyst Ratings for HUBG
View the Latest Analyst Ratings

Posted-In: BMO Capital Markets Fadi ChamounAnalyst Color Initiation Analyst Ratings

 

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