J.B. Hunt Transport Services (NASDAQ:JBHT) Upgraded at Susquehanna Bancshares

J.B. Hunt Transport Services (NASDAQ:JBHTGet Rating) was upgraded by investment analysts at Susquehanna Bancshares from a “neutral” rating to a “positive” rating in a research report issued to clients and investors on Tuesday, Stock Target Advisor reports. The brokerage currently has a $217.00 target price on the transportation company’s stock. Susquehanna Bancshares’ target price indicates a potential upside of 24.68% from the company’s current price.

Several other analysts have also recently commented on the stock. Morgan Stanley boosted their price target on shares of J.B. Hunt Transport Services from $165.00 to $170.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 19th. Susquehanna upgraded shares of J.B. Hunt Transport Services from a “neutral” rating to a “positive” rating and upped their target price for the company from $210.00 to $217.00 in a research report on Tuesday. Barclays upgraded shares of J.B. Hunt Transport Services from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $220.00 to $235.00 in a research report on Wednesday, January 26th. Deutsche Bank Aktiengesellschaft upgraded shares of J.B. Hunt Transport Services from a “hold” rating to a “buy” rating and upped their target price for the company from $210.00 to $230.00 in a research report on Tuesday, April 12th. They noted that the move was a valuation call. Finally, Zacks Investment Research downgraded shares of 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 report on Monday, March 14th. Six research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $212.56.

Shares of JBHT stock opened at $174.05 on Tuesday. The stock has a market cap of $18.28 billion, a P/E ratio of 21.59, a PEG ratio of 1.27 and a beta of 1.04. J.B. Hunt Transport Services has a 52 week low of $155.11 and a 52 week high of $218.18. The company has a quick ratio of 1.32, a current ratio of 1.26 and a debt-to-equity ratio of 0.29. The company’s fifty day simple moving average is $191.98 and its two-hundred day simple moving average is $194.23.

J.B. Hunt Transport Services (NASDAQ:JBHTGet Rating) last announced its quarterly earnings results on Monday, April 18th. The transportation company reported $2.29 EPS for the quarter, topping the consensus estimate of $1.94 by $0.35. The business had revenue of $3.49 billion for the quarter, compared to analysts’ expectations of $3.32 billion. J.B. Hunt Transport Services had a net margin of 6.58% and a return on equity of 28.36%. The business’s quarterly revenue was up 33.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.37 EPS. On average, analysts anticipate that J.B. Hunt Transport Services will post 8.99 EPS for the current fiscal year.

In related news, EVP Bradley W. Hicks sold 800 shares of the firm’s stock in a transaction on Monday, March 7th. The shares were sold at an average price of $204.94, for a total transaction of $163,952.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Stuart Lockard Scott sold 5,473 shares of the firm’s stock in a transaction on Tuesday, February 1st. The stock was sold at an average price of $193.00, for a total transaction of $1,056,289.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,038 shares of company stock valued at $1,563,251. 3.10% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in the stock. Janus Henderson Group PLC grew its position in J.B. Hunt Transport Services by 9.6% during the third quarter. Janus Henderson Group PLC now owns 4,810,990 shares of the transportation company’s stock valued at $804,494,000 after buying an additional 422,538 shares during the period. Barrow Hanley Mewhinney & Strauss LLC grew its position in J.B. Hunt Transport Services by 2.5% during the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,629,276 shares of the transportation company’s stock valued at $606,887,000 after buying an additional 87,817 shares during the period. State Street Corp grew its position in J.B. Hunt Transport Services by 1.8% during the fourth quarter. State Street Corp now owns 3,618,177 shares of the transportation company’s stock valued at $739,555,000 after buying an additional 63,247 shares during the period. Wellington Management Group LLP grew its position in J.B. Hunt Transport Services by 14.3% during the third quarter. Wellington Management Group LLP now owns 1,942,136 shares of the transportation company’s stock valued at $324,762,000 after buying an additional 243,023 shares during the period. Finally, Geode Capital Management LLC grew its position in J.B. Hunt Transport Services by 3.0% during the fourth quarter. Geode Capital Management LLC now owns 1,592,684 shares of the transportation company’s stock valued at $324,713,000 after buying an additional 46,618 shares during the period. 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.

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