J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Given Average Recommendation of “Buy” by Brokerages

Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHTGet Rating) have earned a consensus rating of “Buy” from the twenty-one brokerages that are covering the firm, Marketbeat.com reports. Six analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $212.56.

JBHT has been the subject of several research analyst reports. Barclays raised J.B. Hunt Transport Services from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $220.00 to $235.00 in a research note on Wednesday, January 26th. BMO Capital Markets reduced their price objective on 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, April 19th. Wolfe Research reduced their price objective on 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. Wells Fargo & Company increased their price objective on 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. Finally, Stephens reduced their price objective on J.B. Hunt Transport Services from $245.00 to $230.00 and set an “overweight” rating for the company in a research note on Tuesday, April 19th.

In related news, EVP Bradley W. Hicks sold 800 shares of the firm’s 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 sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 3.10% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in JBHT. Jacobi Capital Management LLC acquired a new stake in J.B. Hunt Transport Services in the 3rd quarter valued at approximately $25,000. Lee Financial Co acquired a new stake in shares of J.B. Hunt Transport Services during the 4th quarter worth approximately $26,000. Cohen & Steers Inc. acquired a new stake in shares of J.B. Hunt Transport Services during the 3rd quarter worth approximately $31,000. Independence Bank of Kentucky acquired a new stake in shares of J.B. Hunt Transport Services during the 1st quarter worth approximately $36,000. Finally, Covestor Ltd acquired a new stake in shares of J.B. Hunt Transport Services during the 4th quarter worth approximately $41,000. 72.95% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ:JBHT opened at $176.44 on Friday. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.29. J.B. Hunt Transport Services has a 1-year low of $155.11 and a 1-year high of $218.18. The firm has a market capitalization of $18.49 billion, a price-to-earnings ratio of 21.89, a price-to-earnings-growth ratio of 1.25 and a beta of 1.08. The stock has a fifty day simple moving average of $185.90 and a 200 day simple moving average of $192.85.

J.B. Hunt Transport Services (NASDAQ:JBHTGet Rating) last released its quarterly earnings results on Monday, April 18th. The transportation company reported $2.29 earnings per share for the quarter, beating analysts’ consensus estimates of $1.91 by $0.38. J.B. Hunt Transport Services had a return on equity of 28.36% and a net margin of 6.58%. The business had revenue of $3.49 billion during the quarter, compared to analyst estimates of $3.32 billion. During the same quarter last year, the company posted $1.37 EPS. J.B. Hunt Transport Services’s revenue for the quarter was up 33.2% on a year-over-year basis. Equities analysts predict that J.B. Hunt Transport Services will post 9.04 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 27th. Investors of record on Friday, May 13th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date of this dividend is Thursday, May 12th. J.B. Hunt Transport Services’s payout ratio is 19.85%.

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.

Read More

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.