J.B. Hunt Transport Services (NASDAQ:JBHT – Get Free Report) had its price target raised by research analysts at Raymond James Financial from $155.00 to $165.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has an “outperform” rating on the transportation company’s stock. Raymond James Financial’s price target points to a potential upside of 8.95% from the stock’s previous close.
A number of other research analysts also recently weighed in on the company. Benchmark reiterated a “buy” rating and set a $175.00 target price on shares of J.B. Hunt Transport Services in a report on Wednesday, April 16th. Stephens reduced their target price on J.B. Hunt Transport Services from $170.00 to $165.00 and set an “overweight” rating on the stock in a report on Wednesday, April 16th. Baird R W upgraded J.B. Hunt Transport Services to a “strong-buy” rating in a report on Tuesday, July 1st. Barclays upped their target price on J.B. Hunt Transport Services from $135.00 to $145.00 and gave the stock an “equal weight” rating in a report on Thursday, July 10th. Finally, Stifel Nicolaus set a $150.00 target price on J.B. Hunt Transport Services in a report on Wednesday, April 16th. Ten analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, J.B. Hunt Transport Services presently has a consensus rating of “Moderate Buy” and a consensus price target of $164.90.
Check Out Our Latest Research Report on J.B. Hunt Transport Services
J.B. Hunt Transport Services Stock Up 1.7%
J.B. Hunt Transport Services (NASDAQ:JBHT – Get Free Report) last announced its quarterly earnings results on Tuesday, July 15th. The transportation company reported $1.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.03). J.B. Hunt Transport Services had a net margin of 4.59% and a return on equity of 13.98%. The business had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $2.93 billion. During the same quarter in the prior year, the firm earned $1.32 EPS. The firm’s revenue for the quarter was up .0% on a year-over-year basis. Sell-side analysts anticipate that J.B. Hunt Transport Services will post 6.37 EPS for the current year.
Insider Transactions at J.B. Hunt Transport Services
In other J.B. Hunt Transport Services news, COO Nicholas Hobbs acquired 1,529 shares of the stock in a transaction that occurred on Wednesday, April 23rd. The shares were acquired at an average cost of $130.75 per share, with a total value of $199,916.75. Following the transaction, the chief operating officer owned 91,847 shares of the company’s stock, valued at $12,008,995.25. The trade was a 1.69% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 2.30% of the company’s stock.
Hedge Funds Weigh In On J.B. Hunt Transport Services
Hedge funds and other institutional investors have recently modified their holdings of the company. Summit Securities Group LLC lifted its holdings in shares of J.B. Hunt Transport Services by 19,600.0% during the 1st quarter. Summit Securities Group LLC now owns 197 shares of the transportation company’s stock valued at $29,000 after buying an additional 196 shares during the period. Allworth Financial LP lifted its holdings in shares of J.B. Hunt Transport Services by 167.0% during the 1st quarter. Allworth Financial LP now owns 235 shares of the transportation company’s stock valued at $35,000 after buying an additional 147 shares during the period. National Pension Service lifted its holdings in shares of J.B. Hunt Transport Services by 74.9% during the 1st quarter. National Pension Service now owns 306 shares of the transportation company’s stock valued at $45,000 after buying an additional 131 shares during the period. Farther Finance Advisors LLC lifted its holdings in shares of J.B. Hunt Transport Services by 38.6% during the 2nd quarter. Farther Finance Advisors LLC now owns 316 shares of the transportation company’s stock valued at $45,000 after buying an additional 88 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of J.B. Hunt Transport Services by 68.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 329 shares of the transportation company’s stock valued at $56,000 after buying an additional 134 shares during the period. 74.95% of the stock is owned by institutional investors.
About J.B. Hunt Transport Services
J.B. Hunt Transport Services, Inc provides surface transportation, delivery, and logistic services in the United States. 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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