J.B. Hunt Transport Services (NASDAQ:JBHT – Get Rating) had its target price reduced by analysts at Loop Capital from $191.00 to $173.00 in a research note issued to investors on Friday, The Fly reports. Loop Capital's price target indicates a potential downside of 8.51% from the company's current price.
A number of other analysts also recently weighed in on the stock. Evercore ISI cut their price target on shares of J.B. Hunt Transport Services to $194.00 in a report on Thursday, October 20th. UBS Group upped their price objective on shares of J.B. Hunt Transport Services from $155.00 to $162.00 in a research report on Thursday. Susquehanna upped their price objective on shares of J.B. Hunt Transport Services from $168.00 to $180.00 and gave the stock a "neutral" rating in a research report on Thursday. Morgan Stanley upped their price objective on shares of 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. Finally, StockNews.com assumed coverage on shares of J.B. Hunt Transport Services in a research report on Wednesday, October 12th. They set a "hold" rating for the company. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $196.39.
Get J.B. Hunt Transport Services alerts:J.B. Hunt Transport Services Stock Performance
Shares of JBHT stock opened at $189.10 on Friday. The company has a market capitalization of $19.58 billion, a price-to-earnings ratio of 19.78, a PEG ratio of 1.23 and a beta of 1.12. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.43 and a current ratio of 1.43. The company has a 50-day simple moving average of $179.33 and a 200 day simple moving average of $175.13. J.B. Hunt Transport Services has a 52 week low of $153.92 and a 52 week high of $218.18.
J.B. Hunt Transport Services (NASDAQ:JBHT – Get Rating) last announced its earnings results on Wednesday, January 18th. The transportation company reported $1.92 EPS for the quarter, missing the consensus estimate of $2.46 by ($0.54). The company had revenue of $3.65 billion for the quarter, compared to the consensus estimate of $3.79 billion. J.B. Hunt Transport Services had a return on equity of 30.61% and a net margin of 6.89%. The business's quarterly revenue was up 4.4% on a year-over-year basis. During the same period in the previous year, the firm posted $2.28 EPS. On average, sell-side analysts predict that J.B. Hunt Transport Services will post 9.74 earnings per share for the current year.Insider Buying and Selling
In other J.B. Hunt Transport Services news, EVP Spencer Frazier sold 1,000 shares of the firm's stock in a transaction on Monday, November 7th. The shares were sold at an average price of $177.16, for a total value of $177,160.00. Following the transaction, the executive vice president now directly owns 3,060 shares of the company's stock, valued at $542,109.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other J.B. Hunt Transport Services news, EVP Spencer Frazier sold 1,000 shares of the firm's stock in a transaction on Monday, November 7th. The shares were sold at an average price of $177.16, for a total value of $177,160.00. Following the transaction, the executive vice president now directly owns 3,060 shares of the company's stock, valued at $542,109.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Shelley Simpson sold 7,000 shares of the firm'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 transaction, the executive vice president now directly owns 77,630 shares in the company, valued at $14,440,732.60. The disclosure for this sale can be found here. 3.10% of the stock is owned by insiders.
Institutional Trading of J.B. Hunt Transport Services
Institutional investors and hedge funds have recently made changes to their positions in the company. Texas Permanent School Fund increased its holdings in J.B. Hunt Transport Services by 6.1% during the third quarter. Texas Permanent School Fund now owns 11,751 shares of the transportation company's stock worth $1,838,000 after buying an additional 680 shares during the last quarter. First Horizon Advisors Inc. increased its holdings in J.B. Hunt Transport Services by 1,809.1% during the second quarter. First Horizon Advisors Inc. now owns 210 shares of the transportation company's stock worth $33,000 after buying an additional 199 shares during the last quarter. Raymond James Trust N.A. increased its holdings in J.B. Hunt Transport Services by 180.1% during the third quarter. Raymond James Trust N.A. now owns 6,304 shares of the transportation company's stock worth $986,000 after buying an additional 4,053 shares during the last quarter. Ieq Capital LLC increased its holdings in J.B. Hunt Transport Services by 22.9% during the second quarter. Ieq Capital LLC now owns 2,018 shares of the transportation company's stock worth $318,000 after buying an additional 376 shares during the last quarter. Finally, Lazard Asset Management LLC increased its holdings in J.B. Hunt Transport Services by 29.4% during the second quarter. Lazard Asset Management LLC now owns 260,943 shares of the transportation company's stock worth $41,090,000 after buying an additional 59,321 shares during the last quarter. Hedge funds and other institutional investors own 74.93% of the company's stock.
J.B. Hunt Transport Services Company Profile
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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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