J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target Raised to $170.00

J.B. Hunt Transport Services (NASDAQ:JBHTGet Rating) had its price target boosted by stock analysts at Morgan Stanley from $165.00 to $170.00 in a research report issued on Tuesday, Benzinga reports. The firm currently has an “equal weight” rating on the transportation company’s stock. Morgan Stanley’s price target indicates a potential downside of 0.85% from the stock’s current price.

JBHT has been the topic of a number of other research reports. Wolfe Research reduced their target price on J.B. Hunt Transport Services from $242.00 to $220.00 and set an “outperform” rating on the stock in a report on Tuesday, April 5th. The Goldman Sachs Group upgraded J.B. Hunt Transport Services from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $209.00 to $231.00 in a research note on Wednesday, March 9th. BMO Capital Markets lowered their target price on shares of J.B. Hunt Transport Services from $210.00 to $190.00 and set a “market perform” rating for the company in a research note on Tuesday. Barclays raised shares of J.B. Hunt Transport Services from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $220.00 to $235.00 in a report on Wednesday, January 26th. Finally, StockNews.com raised shares of J.B. Hunt Transport Services from a “hold” rating to a “buy” rating in a report on Sunday. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $212.00.

JBHT stock opened at $171.45 on Tuesday. The company has a quick ratio of 1.32, a current ratio of 1.34 and a debt-to-equity ratio of 0.30. J.B. Hunt Transport Services has a 52-week low of $155.11 and a 52-week high of $218.18. The stock’s 50 day moving average is $193.98 and its two-hundred day moving average is $194.16. The company has a market capitalization of $18.00 billion, a PE ratio of 24.01, a P/E/G ratio of 1.32 and a beta of 1.04.

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, topping the Thomson Reuters’ consensus estimate 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% compared to the same quarter last year. During the same period last year, the business earned $1.37 EPS. As a group, sell-side analysts anticipate that J.B. Hunt Transport Services will post 8.7 EPS for the current year.

In other J.B. Hunt Transport Services news, EVP Stuart Lockard Scott sold 5,473 shares of the business’s stock in a transaction dated Tuesday, February 1st. The stock was sold at an average price of $193.00, for a total value of $1,056,289.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Eric Mcgee sold 1,765 shares of the business’s stock in a transaction on Wednesday, February 9th. The stock was sold at an average price of $194.34, for a total transaction of $343,010.10. The disclosure for this sale can be found here. Insiders have sold a total of 8,038 shares of company stock valued at $1,563,251 in the last three months. Company insiders own 3.10% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. Banco Bilbao Vizcaya Argentaria S.A. grew its position in J.B. Hunt Transport Services by 0.5% during the third quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 11,217 shares of the transportation company’s stock worth $1,876,000 after buying an additional 53 shares in the last quarter. Ellevest Inc. raised its stake in shares of J.B. Hunt Transport Services by 3.3% in the 4th quarter. Ellevest Inc. now owns 1,916 shares of the transportation company’s stock valued at $392,000 after buying an additional 61 shares in the last quarter. Exchange Traded Concepts LLC lifted its holdings in shares of J.B. Hunt Transport Services by 1.8% during the 4th quarter. Exchange Traded Concepts LLC now owns 3,483 shares of the transportation company’s stock worth $712,000 after acquiring an additional 63 shares during the period. IndexIQ Advisors LLC boosted its position in shares of J.B. Hunt Transport Services by 5.3% during the 3rd quarter. IndexIQ Advisors LLC now owns 1,459 shares of the transportation company’s stock valued at $244,000 after acquiring an additional 73 shares in the last quarter. Finally, Veritable L.P. raised its position in J.B. Hunt Transport Services by 1.4% in the third quarter. Veritable L.P. now owns 5,413 shares of the transportation company’s stock worth $905,000 after purchasing an additional 75 shares in the last quarter. 71.71% of the stock is owned by institutional investors and hedge funds.

About J.B. Hunt Transport Services (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.

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