J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target Lowered to $190.00 at BMO Capital Markets

J.B. Hunt Transport Services (NASDAQ:JBHTGet Rating) had its price target cut by stock analysts at BMO Capital Markets from $210.00 to $190.00 in a note issued to investors on Tuesday, Benzinga reports. The firm currently has a “market perform” rating on the transportation company’s stock. BMO Capital Markets’ price target would indicate a potential upside of 10.82% from the company’s previous close.

A number of other brokerages have also issued reports on JBHT. StockNews.com upgraded J.B. Hunt Transport Services from a “hold” rating to a “buy” rating in a report on Sunday. JPMorgan Chase & Co. dropped their price target on J.B. Hunt Transport Services from $203.00 to $187.00 and set a “neutral” rating on the stock in a research report on Friday, April 8th. Zacks Investment Research lowered J.B. Hunt Transport Services from a “buy” rating to a “hold” rating and set a $208.00 price target on the stock. in a research note on Monday, March 14th. Wolfe Research lowered their price objective on shares of J.B. Hunt Transport Services from $242.00 to $220.00 and set an “outperform” rating for the company in a research note on Tuesday, April 5th. Finally, Cowen raised their target price on shares of J.B. Hunt Transport Services from $192.00 to $213.00 in a research report on Wednesday, January 19th. Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $210.94.

NASDAQ:JBHT opened at $171.45 on Tuesday. The stock has a fifty day simple moving average of $193.98 and a 200-day simple moving average of $194.16. The company has a current ratio of 1.34, a quick ratio of 1.32 and a debt-to-equity ratio of 0.30. The company has a market cap of $18.00 billion, a price-to-earnings ratio of 24.01, a price-to-earnings-growth ratio of 1.32 and a beta of 1.04. J.B. Hunt Transport Services has a twelve month low of $155.11 and a twelve month high of $218.18.

J.B. Hunt Transport Services (NASDAQ:JBHTGet Rating) last announced its quarterly earnings data on Monday, April 18th. The transportation company reported $2.29 earnings per share for the quarter, beating analysts’ consensus estimates of $1.94 by $0.35. The company had revenue of $3.49 billion during the quarter, compared to analyst estimates of $3.32 billion. J.B. Hunt Transport Services had a net margin of 6.25% and a return on equity of 26.32%. The firm’s revenue for the quarter was up 33.2% on a year-over-year basis. During the same quarter last year, the business posted $1.37 EPS. As a group, equities research analysts predict that J.B. Hunt Transport Services will post 8.7 EPS for the current fiscal year.

In related news, EVP Eric Mcgee sold 1,765 shares of the business’s stock in a transaction on Wednesday, February 9th. The shares were sold at an average price of $194.34, for a total value of $343,010.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Bradley W. Hicks sold 800 shares of the stock in a transaction that occurred on Monday, March 7th. The stock was sold at an average price of $204.94, for a total value of $163,952.00. The disclosure for this sale can be found here. Insiders have sold a total of 8,038 shares of company stock worth $1,563,251 over the last ninety days. 3.10% of the stock is owned by insiders.

A number of large investors have recently bought and sold shares of JBHT. Jacobi Capital Management LLC purchased a new position in shares of J.B. Hunt Transport Services in the third quarter valued at approximately $25,000. Lee Financial Co purchased a new stake in shares of J.B. Hunt Transport Services in the fourth quarter valued at about $26,000. Cohen & Steers Inc. acquired a new stake in J.B. Hunt Transport Services during the third quarter worth about $31,000. Independence Bank of Kentucky purchased a new position in J.B. Hunt Transport Services during the first quarter worth about $36,000. Finally, Covestor Ltd purchased a new stake in shares of J.B. Hunt Transport Services during the 4th quarter valued at approximately $41,000. Institutional investors own 71.71% of the company’s stock.

J.B. Hunt Transport Services Company Profile (Get Rating)

J.B. Hunt Transport Services, Inc provides surface transportation, delivery, and logistic services in North America. It operates through five segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), Final Mile Services (FMS), and Truckload (JBT). The JBI segment offers intermodal freight solutions.

Featured Articles

Analyst Recommendations for J.B. Hunt Transport Services (NASDAQ:JBHT)

Receive News & Ratings for J.B. Hunt Transport Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J.B. Hunt Transport Services and related companies with MarketBeat.com's FREE daily email newsletter.