J.B. Hunt Transport Services (NASDAQ:JBHT – Get Rating) had its price objective raised by equities research analysts at Morgan Stanley from $178.00 to $180.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm currently has an "equal weight" rating on the transportation company's stock. Morgan Stanley's price objective would indicate a potential downside of 4.81% from the company's current price.
A number of other equities research analysts also recently weighed in on JBHT. Susquehanna Bancshares decreased their target price on J.B. Hunt Transport Services from $196.00 to $194.00 and set a "positive" rating on the stock in a research report on Wednesday, October 19th. UBS Group lifted their target price on J.B. Hunt Transport Services from $155.00 to $162.00 in a research report on Thursday. Evercore ISI decreased their target price on J.B. Hunt Transport Services to $194.00 in a research report on Thursday, October 20th. Raymond James lifted their price objective on J.B. Hunt Transport Services from $195.00 to $203.00 and gave the company an "outperform" rating in a report on Thursday. Finally, Barclays lifted their price objective on J.B. Hunt Transport Services from $190.00 to $200.00 and gave the company an "overweight" rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, J.B. Hunt Transport Services currently has an average rating of "Moderate Buy" and an average target price of $196.39.
Get J.B. Hunt Transport Services alerts:J.B. Hunt Transport Services Price Performance
NASDAQ JBHT opened at $189.10 on Thursday. J.B. Hunt Transport Services has a fifty-two week low of $153.92 and a fifty-two week high of $218.18. The stock's 50-day moving average is $179.33 and its two-hundred day moving average is $175.03. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.43 and a quick ratio of 1.43. The firm has a market cap of $19.58 billion, a P/E ratio of 19.78, a price-to-earnings-growth ratio of 1.23 and a beta of 1.12.
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 the consensus estimate of $2.46 by ($0.54). J.B. Hunt Transport Services had a net margin of 6.89% and a return on equity of 30.61%. The company had revenue of $3.65 billion for the quarter, compared to the consensus estimate of $3.79 billion. During the same quarter last year, the business earned $2.28 earnings per share. J.B. Hunt Transport Services's quarterly revenue was up 4.4% on a year-over-year basis. On average, analysts anticipate that J.B. Hunt Transport Services will post 9.74 earnings per share for the current fiscal year.Insider Buying and Selling at J.B. Hunt Transport Services
In other J.B. Hunt Transport Services news, EVP Spencer Frazier sold 1,000 shares of the company's stock in a transaction on Monday, November 7th. The shares were 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 owns 3,060 shares in the company, valued at approximately $542,109.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other J.B. Hunt Transport Services news, EVP Shelley Simpson sold 7,000 shares of the company's stock in a transaction on Friday, November 11th. The shares were 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 owns 77,630 shares in the company, valued at approximately $14,440,732.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Spencer Frazier sold 1,000 shares of the company's stock in a transaction on Monday, November 7th. The shares were sold at an average price of $177.16, for a total transaction of $177,160.00. Following the sale, the executive vice president now owns 3,060 shares of the company's stock, valued at approximately $542,109.60. The disclosure for this sale can be found here. Corporate insiders own 3.10% of the company's stock.
Hedge Funds Weigh In On J.B. Hunt Transport Services
Several institutional investors and hedge funds have recently made changes to their positions in JBHT. Ronald Blue Trust Inc. grew its holdings in shares of J.B. Hunt Transport Services by 67.3% in the 3rd quarter. Ronald Blue Trust Inc. now owns 169 shares of the transportation company's stock valued at $26,000 after buying an additional 68 shares during the period. Allworth Financial LP grew its holdings in shares of J.B. Hunt Transport Services by 141.8% in the 4th quarter. Allworth Financial LP now owns 162 shares of the transportation company's stock valued at $28,000 after buying an additional 95 shares during the period. Private Trust Co. NA acquired a new position in J.B. Hunt Transport Services in the 2nd quarter worth $32,000. First Horizon Advisors Inc. boosted its stake in J.B. Hunt Transport Services by 1,809.1% in the 2nd quarter. First Horizon Advisors Inc. now owns 210 shares of the transportation company's stock worth $33,000 after purchasing an additional 199 shares during the period. Finally, Salem Investment Counselors Inc. boosted its stake in J.B. Hunt Transport Services by 69.1% in the 2nd quarter. Salem Investment Counselors Inc. now owns 208 shares of the transportation company's stock worth $33,000 after purchasing an additional 85 shares during the period. Institutional investors and hedge funds own 74.93% of the company's stock.
About J.B. Hunt Transport Services
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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.
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