Wunderlich Upgrades J.B. Hunt Transport Services to Buy (JBHT)
J.B. Hunt Transport Services (NASDAQ:JBHT) was upgraded by analysts at Wunderlich from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday, TheFlyOnTheWall.com reports. The firm currently has a $89.00 price objective on the stock, up from their previous price objective of $83.00. Wunderlich’s target price points to a potential upside of 23.08% from the stock’s previous close.
The analysts wrote, “We are transferring coverage of JB Hunt (JBHT) with a Buy rating and $89 price target. The company faced 2013 headwinds related to decelerating intermodal volume, contract start-up costs, a choppy brokerage market, and an underperforming truckload segment (JBT). However, operating margin looks poised to expand for both the intermodal (JBI) and dedicated (DCS) segments in FY14, and a December 2013 management shake-up at JBT should allow the company to benefit from improving TL fundamentals. We believe JBHT’s current share price, at just 18.8x our FY15 EPS estimate of $3.85, undervalues the potential of the integrated, multi-modal operating model, and thus we are transferring coverage with a Buy rating and $89 price target.”
A number of other analysts have also recently weighed in on JBHT. Analysts at Zacks reiterated a “neutral” rating on shares of J.B. Hunt Transport Services in a research note on Tuesday, February 4th. They now have a $79.00 price target on the stock. Separately, analysts at FBR Capital Markets raised their price target on shares of J.B. Hunt Transport Services from $85.00 to $90.00 in a research note on Friday, January 24th. They now have an “outperform” rating on the stock. Finally, analysts at Ned Davis Research upgraded shares of J.B. Hunt Transport Services from a “neutral” rating to a “buy” rating in a research note on Monday, December 30th. Seven research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. J.B. Hunt Transport Services currently has an average rating of “Buy” and a consensus price target of $82.06.
J.B. Hunt Transport Services (NASDAQ:JBHT) traded up 0.69% on Wednesday, hitting $72.81. 168,732 shares of the company’s stock traded hands. J.B. Hunt Transport Services has a 52-week low of $65.53 and a 52-week high of $79.89. The stock’s 50-day moving average is $75.85 and its 200-day moving average is $74.68. The company has a market cap of $8.536 billion and a P/E ratio of 25.22. J.B. Hunt Transport Services also was the recipient of a large decrease in short interest in January. As of January 31st, there was short interest totalling 1,957,599 shares, a decrease of 25.9% from the January 15th total of 2,640,104 shares. Based on an average daily trading volume, of 851,145 shares, the days-to-cover ratio is presently 2.3 days. Approximately 2.1% of the company’s shares are short sold.
J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings data on Thursday, January 23rd. The company reported $0.77 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.79 by $0.02. The company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter in the prior year, the company posted $0.72 earnings per share. The company’s quarterly revenue was up 10.2% on a year-over-year basis. On average, analysts predict that J.B. Hunt Transport Services will post $3.33 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, February 27th. Shareholders of record on Thursday, February 13th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.11%. The ex-dividend date is Tuesday, February 11th. This is a positive change from J.B. Hunt Transport Services’s previous quarterly dividend of $0.15.
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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