J.B. Hunt Transport Services (NASDAQ:JBHT) PT Raised to $180.00

J.B. Hunt Transport Services (NASDAQ:JBHT – Get Rating) had its price objective hoisted by research analysts at Susquehanna from $168.00 to $180.00 in a research note issued to investors on Thursday, The Fly reports. The firm presently has a “neutral” rating on the transportation company’s stock. Susquehanna’s target price points to a potential downside of 4.81% from the stock’s current price.

A number of other research firms have also weighed in on JBHT. StockNews.com assumed coverage on J.B. Hunt Transport Services in a report on Wednesday, October 12th. They set a “hold” rating on the stock. Benchmark decreased their target price on J.B. Hunt Transport Services from $215.00 to $195.00 and set a “buy” rating on the stock in a report on Thursday, October 20th. Morgan Stanley boosted their target price on J.B. Hunt Transport Services from $170.00 to $178.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 11th. Deutsche Bank Aktiengesellschaft decreased their price objective on J.B. Hunt Transport Services from $230.00 to $228.00 in a report on Monday, November 28th. Finally, Citigroup upped their price objective on J.B. Hunt Transport Services from $190.00 to $200.00 and gave the company a “buy” rating in a report on Wednesday, January 11th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, J.B. Hunt Transport Services has an average rating of “Moderate Buy” and an average price target of $196.39.

J.B. Hunt Transport Services Trading Up 2.3 %

Shares of J.B. Hunt Transport Services stock opened at $189.10 on Thursday. J.B. Hunt Transport Services has a 12-month low of $153.92 and a 12-month high of $218.18. The stock has a market cap of $19.58 billion, a P/E ratio of 19.78, a P/E/G ratio of 1.23 and a beta of 1.12. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.35. The business’s 50 day moving average is $179.33 and its 200-day moving average is $175.03.

J.B. Hunt Transport Services (NASDAQ:JBHT – Get Rating) last posted its earnings results on Wednesday, January 18th. The transportation company reported $1.92 earnings per share for the quarter, missing analysts’ consensus estimates of $2.46 by ($0.54). The business had revenue of $3.65 billion for the quarter, compared to analyst estimates of $3.79 billion. J.B. Hunt Transport Services had a return on equity of 30.61% and a net margin of 6.89%. The firm’s revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.28 earnings per share. Equities research analysts predict that J.B. Hunt Transport Services will post 9.74 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP Spencer Frazier sold 1,000 shares of the company’s stock in a transaction on Monday, November 7th. The stock was sold at an average price of $177.16, for a total transaction of $177,160.00. Following the completion of the sale, the executive vice president now directly owns 3,060 shares in the company, valued at approximately $542,109.60. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, EVP Shelley Simpson sold 7,000 shares of the company’s stock in a transaction on Friday, November 11th. The stock was sold at an average price of $186.02, for a total transaction of $1,302,140.00. Following the completion of the sale, the executive vice president now directly owns 77,630 shares in the company, valued at approximately $14,440,732.60. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Spencer Frazier sold 1,000 shares of the company’s stock in a transaction on Monday, November 7th. The stock was sold at an average price of $177.16, for a total value of $177,160.00. Following the sale, the executive vice president now owns 3,060 shares of the company’s stock, valued at $542,109.60. The disclosure for this sale can be found here. 3.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On J.B. Hunt Transport Services

Several large investors have recently bought and sold shares of the company. Mackenzie Financial Corp raised its position in J.B. Hunt Transport Services by 0.9% in the first quarter. Mackenzie Financial Corp now owns 6,297 shares of the transportation company’s stock valued at $1,264,000 after purchasing an additional 56 shares during the last quarter. Homestead Advisers Corp raised its position in J.B. Hunt Transport Services by 25.6% in the second quarter. Homestead Advisers Corp now owns 280 shares of the transportation company’s stock valued at $44,000 after purchasing an additional 57 shares during the last quarter. Vontobel Holding Ltd. raised its position in J.B. Hunt Transport Services by 4.1% in the third quarter. Vontobel Holding Ltd. now owns 1,529 shares of the transportation company’s stock valued at $253,000 after purchasing an additional 60 shares during the last quarter. Tempus Wealth Planning LLC raised its position in J.B. Hunt Transport Services by 1.1% in the third quarter. Tempus Wealth Planning LLC now owns 5,338 shares of the transportation company’s stock valued at $835,000 after purchasing an additional 60 shares during the last quarter. Finally, Yousif Capital Management LLC raised its position in J.B. Hunt Transport Services by 0.5% in the first quarter. Yousif Capital Management LLC now owns 13,252 shares of the transportation company’s stock valued at $2,661,000 after purchasing an additional 60 shares during the last quarter. 74.93% of the stock is currently owned by institutional investors.

J.B. Hunt Transport Services Company Profile

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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.