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Hub Group (HUBG) Catches Eye: Stock Jumps 7.1%

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Hub Group, Inc. (HUBG - Free Report) was a big mover last session, as the company saw its shares rise over 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company—as the stock was down 4.8% in the past one-month time frame.

The move came after the company announced that its subsidiary, Hub Group Trucking, Inc., has inked a deal to acquire the business of Estenson Logistics, LLC for roughly $306 million.

The company has seen one negative estimate revision in the past one month, while its Zacks Consensus Estimate has also moved lower over the same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.

Hub Group currently has a Zacks Rank #5 (Strong Sell), while its Earnings ESP is negative.

A better-ranked stock in the Transportation - Services industry is Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (PAC - Free Report) which carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is HUBG going up? Or down? Predict to see what others think: Up or Down

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