J.B. Hunt Transport Services (NASDAQ:JBHT) Stock Price Expected to Rise, Evercore ISI Analyst Says

J.B. Hunt Transport Services (NASDAQ:JBHT) had its price target raised by equities research analysts at Evercore ISI from $155.00 to $168.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the transportation company’s stock. Evercore ISI’s price target would suggest a potential upside of 1.91% from the stock’s current price.

Several other research analysts have also commented on the company. Stephens reiterated an “overweight” rating and issued a $180.00 target price on shares of J.B. Hunt Transport Services in a research report on Thursday. Sanford C. Bernstein set a $172.00 price target on J.B. Hunt Transport Services in a report on Thursday. Barclays raised their price target on J.B. Hunt Transport Services from $135.00 to $150.00 and gave the stock an “equal weight” rating in a report on Thursday. Robert W. Baird initiated coverage on J.B. Hunt Transport Services in a report on Tuesday, July 1st. They issued an “outperform” rating and a $169.00 price target on the stock. Finally, Truist Financial raised their price target on J.B. Hunt Transport Services from $145.00 to $155.00 and gave the stock a “hold” rating in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $165.55.

J.B. Hunt Transport Services Price Performance

Shares of JBHT opened at $164.85 on Thursday. The firm has a market cap of $15.96 billion, a price-to-earnings ratio of 28.57, a PEG ratio of 2.68 and a beta of 1.24. The stock has a 50 day moving average of $141.14 and a 200-day moving average of $141.14. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.25. J.B. Hunt Transport Services has a 52 week low of $122.79 and a 52 week high of $200.40.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its earnings results on Wednesday, October 15th. The transportation company reported $1.76 EPS for the quarter, topping the consensus estimate of $1.46 by $0.30. The company had revenue of $3.05 billion during the quarter, compared to analyst estimates of $3.02 billion. J.B. Hunt Transport Services had a return on equity of 15.16% and a net margin of 4.75%.The business’s revenue was down .5% on a year-over-year basis. During the same quarter last year, the firm earned $1.49 EPS. As a group, analysts forecast that J.B. Hunt Transport Services will post 6.37 EPS for the current year.

Insiders Place Their Bets

In other news, EVP David Keefauver sold 989 shares of the business’s stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $151.97, for a total value of $150,298.33. Following the sale, the executive vice president owned 946 shares of the company’s stock, valued at approximately $143,763.62. The trade was a 51.11% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Eric Mcgee acquired 1,148 shares of the company’s stock in a transaction dated Monday, August 4th. The stock was purchased at an average cost of $140.76 per share, for a total transaction of $161,592.48. Following the purchase, the executive vice president directly owned 7,397 shares in the company, valued at approximately $1,041,201.72. This represents a 18.37% increase in their position. The disclosure for this purchase can be found here. 2.30% of the stock is currently owned by insiders.

Institutional Trading of J.B. Hunt Transport Services

Hedge funds and other institutional investors have recently modified their holdings of the company. Summit Securities Group LLC raised its stake in shares of J.B. Hunt Transport Services by 19,600.0% in the 1st quarter. Summit Securities Group LLC now owns 197 shares of the transportation company’s stock worth $29,000 after buying an additional 196 shares in the last quarter. Private Trust Co. NA grew its holdings in shares of J.B. Hunt Transport Services by 57.8% during the second quarter. Private Trust Co. NA now owns 202 shares of the transportation company’s stock valued at $29,000 after buying an additional 74 shares in the last quarter. CYBER HORNET ETFs LLC purchased a new position in shares of J.B. Hunt Transport Services during the second quarter valued at $31,000. Assetmark Inc. grew its holdings in shares of J.B. Hunt Transport Services by 418.6% during the second quarter. Assetmark Inc. now owns 223 shares of the transportation company’s stock valued at $32,000 after buying an additional 180 shares in the last quarter. Finally, MUFG Securities EMEA plc acquired a new stake in J.B. Hunt Transport Services during the second quarter valued at $34,000. Institutional investors own 74.95% of the company’s stock.

J.B. Hunt Transport Services Company Profile

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.