UBS Maintains a 'Neutral' on Hub Group (HUBG); Q3 Hits Consensus, but No Home Run

UBS maintains a 'Neutral' on Hub Group (NASDAQ: HUBG) price target raised from $32.50 to $36.00.

UBS analyst says, "HUBG reported adj. Q3 EPS of $0.46 vs. UBS and Street estimates of $0.44 and $0.46, respectively...Aside from better than expected profitability at Mode, Q3 results provide little impetus to change the assumptions underlying our HUBG forecasts. After trimming our gross margin forecast for Hub yet raising our projections for Hub operating margin as a percentage of net revenue, our EPS estimates increase marginally: Q4/11 from $0.44 to $0.45 and 2012 from $1.88 to $1.91 (+18% y/y and below current consensus of $2.00)."

For more ratings news on Hub Group click here and for the rating history of Hub Group click here.

Shares of Hub Group closed at $34.50 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• UBS Downgrades Vicinity Centers (VCX:AU) (CNRAF) to Neutral
• JPMorgan Resumes Drax Group Plc. (DRX:LN) (DRXGY) at Overweight
• HSBC Downgrades Gerdau S.A. (GGBR4:BZ) (GGB) to Hold