StockNews.com Downgrades J.B. Hunt Transport Services (NASDAQ:JBHT) to Hold

J.B. Hunt Transport Services (NASDAQ:JBHTGet Rating) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Wednesday.

Other research analysts also recently issued reports about the stock. Wells Fargo & Company lifted their price target on shares of J.B. Hunt Transport Services from $194.00 to $208.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 19th. Citigroup boosted their price objective on J.B. Hunt Transport Services from $205.00 to $230.00 in a research report on Wednesday, January 12th. The Goldman Sachs Group upgraded J.B. Hunt Transport Services from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $209.00 to $231.00 in a research report on Wednesday, March 9th. Raymond James boosted their price objective on J.B. Hunt Transport Services from $205.00 to $210.00 in a research report on Tuesday, April 19th. Finally, Stephens cut their price objective on J.B. Hunt Transport Services from $245.00 to $230.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 19th. Seven research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $212.56.

J.B. Hunt Transport Services stock opened at $172.14 on Wednesday. The business has a fifty day moving average price of $187.62 and a 200-day moving average price of $193.33. The firm has a market capitalization of $18.04 billion, a P/E ratio of 21.36, a PEG ratio of 1.30 and a beta of 1.08. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.27 and a quick ratio of 1.32. J.B. Hunt Transport Services has a one year low of $155.11 and a one year high of $218.18.

J.B. Hunt Transport Services (NASDAQ:JBHTGet Rating) last released its quarterly earnings results on Monday, April 18th. The transportation company reported $2.29 EPS for the quarter, beating analysts’ consensus estimates of $1.91 by $0.38. The firm 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 6.58% and a return on equity of 28.36%. The business’s revenue for the quarter was up 33.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.37 EPS. Sell-side analysts expect that J.B. Hunt Transport Services will post 8.99 earnings per share for the current fiscal year.

In other J.B. Hunt Transport Services news, EVP Bradley W. Hicks sold 800 shares of J.B. Hunt Transport Services stock in a transaction on Monday, March 7th. The shares were sold at an average price of $204.94, for a total value of $163,952.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 3.10% of the company’s stock.

Several hedge funds have recently modified their holdings of JBHT. Morgan Stanley boosted its stake in shares of J.B. Hunt Transport Services by 65.2% during the 2nd quarter. Morgan Stanley now owns 351,153 shares of the transportation company’s stock worth $57,219,000 after purchasing an additional 138,577 shares during the period. Mackenzie Financial Corp grew its holdings in shares of J.B. Hunt Transport Services by 33.3% in the third quarter. Mackenzie Financial Corp now owns 6,401 shares of the transportation company’s stock worth $1,070,000 after purchasing an additional 1,598 shares during the last quarter. Ieq Capital LLC bought a new position in shares of J.B. Hunt Transport Services in the third quarter worth about $230,000. CIBC Asset Management Inc grew its holdings in shares of J.B. Hunt Transport Services by 3.7% in the third quarter. CIBC Asset Management Inc now owns 24,825 shares of the transportation company’s stock worth $4,151,000 after purchasing an additional 896 shares during the last quarter. Finally, Teacher Retirement System of Texas increased its stake in shares of J.B. Hunt Transport Services by 71.2% during the third quarter. Teacher Retirement System of Texas now owns 37,519 shares of the transportation company’s stock valued at $6,274,000 after buying an additional 15,605 shares during the period. 72.95% of the stock is currently owned by hedge funds and other institutional investors.

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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