J.B. Hunt Transport Services Price Target Cut to $78.00 by Analysts at Sanford C. Bernstein (JBHT)
Stock analysts at Sanford C. Bernstein decreased their price objective on shares of J.B. Hunt Transport Services (NASDAQ:JBHT) from $80.00 to $78.00 in a report issued on Wednesday, American Banking and Market News reports. Sanford C. Bernstein’s price target would suggest a potential upside of 5.71% from the stock’s previous close.
Shares of J.B. Hunt Transport Services (NASDAQ:JBHT) traded up 1.43% during mid-day trading on Wednesday, hitting $73.79. The stock had a trading volume of 1,193,287 shares. J.B. Hunt Transport Services has a 52 week low of $55.61 and a 52 week high of $78.39. The stock has a 50-day moving average of $73.16 and a 200-day moving average of $73.29. The company has a market cap of $8.638 billion and a P/E ratio of 26.94.
J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings data on Monday, October 14th. The company reported $0.75 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.78 by $0.03. The company had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter in the prior year, the company posted $0.65 earnings per share. The company’s quarterly revenue was up 10.7% on a year-over-year basis. On average, analysts predict that J.B. Hunt Transport Services will post $2.94 earnings per share for the current fiscal year.
JBHT has been the subject of a number of other recent research reports. Analysts at Merrill Lynch upgraded shares of J.B. Hunt Transport Services from a “neutral” rating to a “buy” rating in a research note to investors on Friday, October 11th. Separately, analysts at Bank of America Corp. upgraded shares of J.B. Hunt Transport Services from a “neutral” rating to a “buy” rating in a research note to investors on Friday, October 11th. They now have a $81.00 price target on the stock. They noted that the move was a valuation call. Finally, analysts at Cleveland Research initiated coverage on shares of J.B. Hunt Transport Services in a research note to investors on Tuesday, October 8th. They set a “neutral” rating on the stock. Eleven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $78.00.
J B Hunt Transport Services Inc(NASDAQ:JBHT) is a holding company that, together with its wholly owned subsidiaries, operates as a surface transportation and delivery services to a diverse group of customers and consumers throughout the continental United States, Canada and Mexico.
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