J.B. Hunt Transport Services (NASDAQ:JBHT) PT Raised to $196.00

J.B. Hunt Transport Services (NASDAQ:JBHT) had its target price increased by analysts at Bank of America from $188.00 to $196.00 in a research note issued on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the transportation company’s stock. Bank of America‘s price objective would indicate a potential upside of 12.98% from the company’s previous close.

Other research analysts have also issued research reports about the company. BMO Capital Markets restated an “outperform” rating and set a $195.00 price objective on shares of J.B. Hunt Transport Services in a research report on Tuesday, September 24th. TD Cowen raised their price target on J.B. Hunt Transport Services from $160.00 to $182.00 and gave the company a “hold” rating in a report on Wednesday. Barclays decreased their price objective on J.B. Hunt Transport Services from $170.00 to $160.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 17th. Citigroup initiated coverage on shares of J.B. Hunt Transport Services in a report on Wednesday, October 9th. They issued a “buy” rating and a $201.00 target price for the company. Finally, Benchmark reaffirmed a “buy” rating and set a $185.00 price target on shares of J.B. Hunt Transport Services in a research note on Wednesday, October 2nd. Seven analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, J.B. Hunt Transport Services currently has a consensus rating of “Moderate Buy” and an average target price of $187.56.

J.B. Hunt Transport Services Trading Down 3.7 %

JBHT stock opened at $173.48 on Wednesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.21 and a quick ratio of 1.21. J.B. Hunt Transport Services has a 1-year low of $153.12 and a 1-year high of $219.51. The business has a 50 day simple moving average of $170.47 and a two-hundred day simple moving average of $167.82. The company has a market capitalization of $17.90 billion, a price-to-earnings ratio of 27.54, a PEG ratio of 2.84 and a beta of 1.15.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its earnings results on Tuesday, October 15th. The transportation company reported $1.49 EPS for the quarter, topping the consensus estimate of $1.42 by $0.07. The firm had revenue of $3.07 billion for the quarter, compared to the consensus estimate of $3.04 billion. J.B. Hunt Transport Services had a net margin of 4.90% and a return on equity of 14.77%. During the same quarter in the previous year, the firm earned $1.80 earnings per share. Research analysts anticipate that J.B. Hunt Transport Services will post 5.6 EPS for the current fiscal year.

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

In other news, EVP Darren P. Field sold 3,000 shares of J.B. Hunt Transport Services stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $175.03, for a total transaction of $525,090.00. Following the completion of the sale, the executive vice president now directly owns 14,150 shares in the company, valued at approximately $2,476,674.50. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in JBHT. Versant Capital Management Inc grew its stake in J.B. Hunt Transport Services by 382.1% in the 2nd quarter. Versant Capital Management Inc now owns 188 shares of the transportation company’s stock worth $30,000 after acquiring an additional 149 shares in the last quarter. Innealta Capital LLC bought a new position in J.B. Hunt Transport Services in the second quarter worth approximately $31,000. nVerses Capital LLC purchased a new position in J.B. Hunt Transport Services during the 2nd quarter worth $32,000. Ashton Thomas Private Wealth LLC bought a new stake in J.B. Hunt Transport Services during the 2nd quarter valued at $36,000. Finally, International Assets Investment Management LLC purchased a new stake in shares of J.B. Hunt Transport Services in the 2nd quarter worth $40,000. Hedge funds and other institutional investors own 74.95% of the company’s stock.

About J.B. Hunt Transport Services

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.