Barclays Forecasts Strong Price Appreciation for J.B. Hunt Transport Services (NASDAQ:JBHT) Stock

J.B. Hunt Transport Services (NASDAQ:JBHT) had its price target increased by Barclays from $270.00 to $300.00 in a research note issued on Thursday, Marketbeat reports. The firm presently has an “equal weight” rating on the transportation company’s stock. Barclays‘s target price suggests a potential upside of 2.95% from the company’s current price.

Several other equities research analysts have also weighed in on JBHT. Morgan Stanley reissued an “underweight” rating and issued a $200.00 price objective (up from $190.00) on shares of J.B. Hunt Transport Services in a report on Monday, July 6th. Citigroup assumed coverage on shares of J.B. Hunt Transport Services in a report on Wednesday. They set a “market perform” rating on the stock. Wells Fargo & Company increased their target price on shares of J.B. Hunt Transport Services from $310.00 to $335.00 and gave the stock an “overweight” rating in a research report on Thursday. Susquehanna lifted their target price on shares of J.B. Hunt Transport Services from $290.00 to $326.00 and gave the stock a “positive” rating in a research note on Tuesday. Finally, Robert W. Baird boosted their price target on shares of J.B. Hunt Transport Services from $275.00 to $290.00 and gave the company an “outperform” rating in a research report on Wednesday, June 17th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, J.B. Hunt Transport Services currently has an average rating of “Moderate Buy” and an average target price of $286.30.

J.B. Hunt Transport Services Price Performance

Shares of NASDAQ JBHT opened at $291.41 on Thursday. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.31. The stock has a fifty day simple moving average of $274.31 and a two-hundred day simple moving average of $238.25. J.B. Hunt Transport Services has a 1-year low of $130.12 and a 1-year high of $299.76. The firm has a market cap of $27.48 billion, a price-to-earnings ratio of 41.28, a price-to-earnings-growth ratio of 2.11 and a beta of 1.29.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its earnings results on Wednesday, July 15th. The transportation company reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.71 by $0.20. J.B. Hunt Transport Services had a return on equity of 18.75% and a net margin of 5.31%.The firm had revenue of $3.50 billion for the quarter, compared to analyst estimates of $3.26 billion. During the same period in the previous year, the company posted $1.31 earnings per share. The business’s revenue was up 19.4% on a year-over-year basis. Analysts anticipate that J.B. Hunt Transport Services will post 7.54 earnings per share for the current year.

Insider Buying and Selling at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, EVP Darren P. Field sold 4,000 shares of J.B. Hunt Transport Services stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $254.49, for a total transaction of $1,017,960.00. Following the completion of the transaction, the executive vice president owned 8,696 shares of the company’s stock, valued at $2,213,045.04. The trade was a 31.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Spencer Frazier sold 2,000 shares of the company’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $258.20, for a total value of $516,400.00. Following the sale, the executive vice president owned 4,604 shares in the company, valued at approximately $1,188,752.80. This represents a 30.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 18,119 shares of company stock worth $4,736,095 in the last three months. 2.50% of the stock is currently owned by corporate insiders.

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

A number of large investors have recently modified their holdings of JBHT. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in J.B. Hunt Transport Services by 74.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,643 shares of the transportation company’s stock worth $2,314,000 after acquiring an additional 6,668 shares during the period. Goldman Sachs Group Inc. boosted its holdings in J.B. Hunt Transport Services by 3.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 433,661 shares of the transportation company’s stock valued at $64,160,000 after purchasing an additional 13,729 shares during the period. Empowered Funds LLC boosted its holdings in J.B. Hunt Transport Services by 27.8% in the 1st quarter. Empowered Funds LLC now owns 1,770 shares of the transportation company’s stock valued at $262,000 after purchasing an additional 385 shares during the period. Sivia Capital Partners LLC purchased a new position in shares of J.B. Hunt Transport Services during the 2nd quarter valued at $539,000. Finally, Northwestern Mutual Wealth Management Co. grew its position in shares of J.B. Hunt Transport Services by 21.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 583 shares of the transportation company’s stock valued at $84,000 after purchasing an additional 101 shares in the last quarter. 74.95% of the stock is currently owned by institutional investors.

More J.B. Hunt Transport Services News

Here are the key news stories impacting J.B. Hunt Transport Services this week:

• Positive Sentiment: JBHT was added to Zacks’ “Strong Buy” momentum list, signaling improving technical and fundamental momentum. Best Momentum Stocks to Buy for July 17th
• Positive Sentiment: Analysts raised price targets after the earnings beat, including JPMorgan, Robert W. Baird, Barclays, Citigroup, and TD Cowen, reflecting confidence in the recovery and margin improvement.
• Positive Sentiment: Reports highlighted shrinking trucking capacity and a shift toward intermodal freight, which could support stronger pricing and volume trends for JBHT. J.B. Hunt Stock Could Reach $340 as Trucking Capacity Shrinks
• Positive Sentiment: JBHT was also featured on relative-strength and momentum screens, indicating that investors see it as one of the stronger names in a choppy market. 5 Top Stocks With Relative Price Strength to Buy Right Now
• Neutral Sentiment: One Zacks article cautioned that while earnings growth and estimate revisions support the rally, the stock’s premium valuation means investors should remain selective. Is JBHT Stock too Expensive or Still Attractive After Its Rally?
• Neutral Sentiment: Analysts’ consensus remains constructive, with coverage still centered around a “Moderate Buy” view.

J.B. Hunt Transport Services Company Profile

J.B. Hunt Transport Services, Inc is a leading provider of transportation and logistics solutions headquartered in Lowell, Arkansas. The company offers a comprehensive suite of services designed to move freight efficiently across North America, including intermodal, dedicated contract services, full truckload, less-than-truckload (LTL), final mile delivery and specialized transport.

In its intermodal segment, J.B. Hunt leverages a network of rail and truck assets to transport containers and trailers on major U.S.