KeyBanc Downgrades Hub Group (HUBG) to Hold Following Preannouncement
HUBG Hot Sheet
Rating Summary:5 Buy, 4 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 16 | Down: 7 | New: 23
KeyBanc downgrades Hub Group, Inc. (Nasdaq: HUBG) from Buy to Hold.
KeyBanc analyst says, "We are downgrading our rating on shares of Hub Group to Hold based on the Company's updated 1Q09 guidance of $0.15-$0.20 (our estimate is $0.18, down from $0.25 previously; consensus previously $0.28), what we view as fair valuation (16.5x our new 2009E of $1.10, down from $1.40), and lack of meaningful near-term catalysts. While we maintain a positive bias on shares given the Company's strong financial position (over $2 per share net cash), asset-light model and management's operational focus, we would prefer some semblance of improving freight demand or emergence of a catalyst (i.e., acquisitions) before becoming constructive...However, we maintain a positive bias given HUBG's strong financial position (over $2 per share net cash), asset-light model and management's operational focus. That said, would prefer some semblance of improving demand trends or emergence of a catalyst (i.e., acquisitions) before becoming constructive."
To see more analyst ratings on HUBG Click Here.
Hub Group, Inc. is an asset-light freight transportation management companies. The Company offers intermodal, truck brokerage and logistics services.
KeyBanc analyst says, "We are downgrading our rating on shares of Hub Group to Hold based on the Company's updated 1Q09 guidance of $0.15-$0.20 (our estimate is $0.18, down from $0.25 previously; consensus previously $0.28), what we view as fair valuation (16.5x our new 2009E of $1.10, down from $1.40), and lack of meaningful near-term catalysts. While we maintain a positive bias on shares given the Company's strong financial position (over $2 per share net cash), asset-light model and management's operational focus, we would prefer some semblance of improving freight demand or emergence of a catalyst (i.e., acquisitions) before becoming constructive...However, we maintain a positive bias given HUBG's strong financial position (over $2 per share net cash), asset-light model and management's operational focus. That said, would prefer some semblance of improving demand trends or emergence of a catalyst (i.e., acquisitions) before becoming constructive."
To see more analyst ratings on HUBG Click Here.
Hub Group, Inc. is an asset-light freight transportation management companies. The Company offers intermodal, truck brokerage and logistics services.
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