In a report released today, Christopher Kuhn from Benchmark Co. maintained a Buy rating on Hub Group (HUBG – Research Report), with a price target of $33.13.
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Christopher Kuhn has given his Buy rating due to a combination of factors that highlight Hub Group’s operational resilience and strategic growth. Despite facing revenue challenges, the company managed to report adjusted earnings per share that aligned with expectations, thanks to improved gross margins. This indicates efficient cost management and operational strength.
Furthermore, Hub Group demonstrated significant growth in intermodal volumes, particularly in the Local East and Mexico regions, driven by strategic acquisitions like EASO. Although intermodal revenue faced declines due to pricing and fuel factors, the company’s ability to improve operating margins and maintain volume growth showcases its potential for future performance. These factors, combined with a revised EPS guidance that aligns with market estimates, underpin Kuhn’s optimistic outlook on Hub Group’s stock.
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