J.B. Hunt Transport Services (NASDAQ:JBHT – Get Rating) had its price target lifted by investment analysts at JPMorgan Chase & Co. from $199.00 to $200.00 in a report issued on Tuesday, The Fly reports. JPMorgan Chase & Co.‘s price target suggests a potential upside of 13.22% from the stock’s current price.
A number of other research firms also recently weighed in on JBHT. UBS Group lifted their price target on J.B. Hunt Transport Services from $155.00 to $162.00 in a research note on Thursday, January 19th. Morgan Stanley boosted their target price on J.B. Hunt Transport Services from $178.00 to $180.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 19th. Cowen decreased their target price on J.B. Hunt Transport Services from $196.00 to $193.00 and set a “market perform” rating on the stock in a research report on Thursday, January 19th. Citigroup boosted their target price on J.B. Hunt Transport Services from $190.00 to $200.00 and gave the stock a “buy” rating in a research report on Wednesday, January 11th. Finally, Loop Capital decreased their target price on J.B. Hunt Transport Services from $191.00 to $173.00 in a research report on Friday, January 20th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $191.29.
J.B. Hunt Transport Services Trading Down 0.1 %
NASDAQ:JBHT opened at $176.65 on Tuesday. The firm has a market cap of $18.33 billion, a P/E ratio of 19.20, a PEG ratio of 1.29 and a beta of 1.13. The company has a current ratio of 1.41, a quick ratio of 1.38 and a debt-to-equity ratio of 0.34. The stock’s 50 day simple moving average is $178.65 and its 200-day simple moving average is $177.66. J.B. Hunt Transport Services has a 12-month low of $153.92 and a 12-month high of $200.64.
J.B. Hunt Transport Services (NASDAQ:JBHT – Get Rating) last posted its quarterly earnings results on Monday, April 17th. The transportation company reported $1.89 earnings per share for the quarter, missing analysts’ consensus estimates of $2.12 by ($0.23). J.B. Hunt Transport Services had a net margin of 6.54% and a return on equity of 28.20%. The business had revenue of $3.23 billion during the quarter, compared to analysts’ expectations of $3.42 billion. During the same quarter last year, the firm earned $2.29 earnings per share. The firm’s quarterly revenue was down 7.4% compared to the same quarter last year. Equities analysts anticipate that J.B. Hunt Transport Services will post 9.12 EPS for the current year.
Insider Activity at J.B. Hunt Transport Services
In related news, EVP Alfred C. Harper sold 5,300 shares of the company’s stock in a transaction on Monday, February 13th. The stock was sold at an average price of $190.33, for a total value of $1,008,749.00. Following the completion of the transaction, the executive vice president now directly owns 32,556 shares in the company, valued at $6,196,383.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.10% of the company’s stock.
Institutional Investors Weigh In On J.B. Hunt Transport Services
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Mackenzie Financial Corp increased its stake in J.B. Hunt Transport Services by 0.9% during the first quarter. Mackenzie Financial Corp now owns 6,297 shares of the transportation company’s stock worth $1,264,000 after acquiring an additional 56 shares during the last quarter. Vontobel Holding Ltd. increased its stake in J.B. Hunt Transport Services by 4.1% during the third quarter. Vontobel Holding Ltd. now owns 1,529 shares of the transportation company’s stock worth $253,000 after acquiring an additional 60 shares during the last quarter. Tempus Wealth Planning LLC increased its stake in J.B. Hunt Transport Services by 1.1% during the third quarter. Tempus Wealth Planning LLC now owns 5,338 shares of the transportation company’s stock worth $835,000 after acquiring an additional 60 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in J.B. Hunt Transport Services by 0.9% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 6,533 shares of the transportation company’s stock worth $1,139,000 after acquiring an additional 60 shares during the last quarter. Finally, Yousif Capital Management LLC increased its stake in J.B. Hunt Transport Services by 0.5% during the first quarter. Yousif Capital Management LLC now owns 13,252 shares of the transportation company’s stock worth $2,661,000 after acquiring an additional 60 shares during the last quarter. 74.93% of the stock is currently owned by institutional investors and hedge funds.
J.B. Hunt Transport Services Company Profile
J.B. Hunt Transport Services, Inc engages in the provision of logistics solutions. It operates through the following segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), Final Mile Services (FMS) and Truckload (JBT). The JBI segment offers intermodal freight operations for rail carriers.
Further Reading
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