J.B. Hunt Transport Services (NASDAQ:JBHT) Given New $171.00 Price Target at TD Cowen

J.B. Hunt Transport Services (NASDAQ:JBHT) had its price target decreased by equities research analysts at TD Cowen from $180.00 to $171.00 in a research note issued on Friday. The firm currently has a “hold” rating on the transportation company’s stock. TD Cowen’s target price suggests a potential downside of 8.23% from the company’s current price.

JBHT has been the subject of a number of other reports. Citigroup upped their price objective on J.B. Hunt Transport Services from $204.00 to $227.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Bank of America increased their price objective on shares of J.B. Hunt Transport Services from $195.00 to $206.00 and gave the company a “buy” rating in a research report on Thursday. Evercore ISI lifted their target price on J.B. Hunt Transport Services from $183.00 to $185.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. The Goldman Sachs Group dropped their price target on shares of J.B. Hunt Transport Services from $193.00 to $189.00 and set a “buy” rating for the company in a research note on Wednesday, October 9th. Finally, Stephens restated an “overweight” rating and set a $195.00 price objective on shares of J.B. Hunt Transport Services in a research note on Wednesday, October 16th. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, J.B. Hunt Transport Services presently has a consensus rating of “Moderate Buy” and an average target price of $191.72.

J.B. Hunt Transport Services Price Performance

J.B. Hunt Transport Services stock opened at $186.34 on Friday. The firm has a market capitalization of $18.79 billion, a PE ratio of 33.88, a P/E/G ratio of 2.94 and a beta of 1.16. J.B. Hunt Transport Services has a 52 week low of $153.12 and a 52 week high of $219.51. The firm’s 50-day simple moving average is $180.47 and its 200 day simple moving average is $173.76. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.26.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings results on Thursday, January 16th. The transportation company reported $1.53 earnings per share for the quarter, missing the consensus estimate of $1.62 by ($0.09). J.B. Hunt Transport Services had a return on equity of 13.92% and a net margin of 4.65%. The company had revenue of $3.15 billion for the quarter, compared to analysts’ expectations of $3.13 billion. During the same period in the previous year, the business posted $1.47 EPS. The business’s quarterly revenue was down 4.5% on a year-over-year basis. On average, equities research analysts predict that J.B. Hunt Transport Services will post 5.67 EPS for the current fiscal year.

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

In other J.B. Hunt Transport Services news, CEO Shelley Simpson sold 6,000 shares of the business’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $183.47, for a total value of $1,100,820.00. Following the completion of the transaction, the chief executive officer now directly owns 82,264 shares of the company’s stock, valued at approximately $15,092,976.08. The trade was a 6.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Eric Mcgee sold 145 shares of the stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $182.72, for a total value of $26,494.40. Following the sale, the executive vice president now directly owns 700 shares of the company’s stock, valued at approximately $127,904. The trade was a 17.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 11,459 shares of company stock valued at $2,136,277. 2.10% of the stock is currently owned by insiders.

Institutional Trading of J.B. Hunt Transport Services

A number of institutional investors have recently made changes to their positions in JBHT. Perpetual Ltd lifted its position in J.B. Hunt Transport Services by 64.3% during the 4th quarter. Perpetual Ltd now owns 4,268 shares of the transportation company’s stock worth $728,000 after buying an additional 1,670 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in J.B. Hunt Transport Services by 155.7% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 537 shares of the transportation company’s stock worth $92,000 after acquiring an additional 327 shares in the last quarter. Ameritas Advisory Services LLC acquired a new stake in shares of J.B. Hunt Transport Services in the 4th quarter valued at approximately $368,000. B & T Capital Management DBA Alpha Capital Management increased its stake in shares of J.B. Hunt Transport Services by 2.1% during the 4th quarter. B & T Capital Management DBA Alpha Capital Management now owns 13,591 shares of the transportation company’s stock worth $2,319,000 after purchasing an additional 282 shares during the last quarter. Finally, Merit Financial Group LLC acquired a new stake in J.B. Hunt Transport Services in the 4th quarter valued at about $253,000. 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.