HUBG Hub Group, Inc. - Ordinary Shares - Class A

$HUBG Baird upgraded Hub Group to Outperform on Monday, but the target is only 29. Stifel has a Hold at the same 29, Barclays is Equal Weight at 30, and Wells Fargo is negative at 28. That clustering is new. In mid-September Raymond James cut its target to 40, and JPMorgan cut from 50 to 46 in early October. Stock closed Monday up 3.3 percent at 26.61, still down about 38 percent this year. The overhang is the restatement: preliminary first-half revenue was 1.7 to 1.8 billion dollars, with fuel, rail and drayage costs hurting operating results.

$HUBG not having a quarterly earnings report on file since 2022. Being late on restating 3.5 years of quarterly earnings reports. Short report. Guiding to a first half operating loss. This thing is lucky not to be in single digits. This reeks of systematic crime/fraud or incompetence.