J.B. Hunt Transport Services Sees Significant Decline in Short Interest (JBHT)
J.B. Hunt Transport Services (NASDAQ:JBHT) was the target of a significant decline in short interest in January. As of January 31st, there was short interest totalling 1,957,599 shares, a decline of 25.9% from the January 15th total of 2,640,104 shares, StockRatingsNetwork.com reports. Approximately 2.1% of the shares of the stock are sold short. Based on an average daily volume of 851,145 shares, the days-to-cover ratio is currently 2.3 days.
Several analysts have recently commented on the stock. Analysts at Wunderlich upgraded shares of J.B. Hunt Transport Services from a “hold” rating to a “buy” rating in a research note on Wednesday. They now have a $89.00 price target on the stock, up previously from $83.00. Separately, 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. Finally, 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. Seven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $82.06.
J.B. Hunt Transport Services (NASDAQ:JBHT) opened at 71.65 on Friday. J.B. Hunt Transport Services has a 52 week low of $65.80 and a 52 week high of $79.89. The stock has a 50-day moving average of $75.55 and a 200-day moving average of $74.64. The company has a market cap of $8.400 billion and a P/E ratio of 24.91.
J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its earnings results on Thursday, January 23rd. The company reported $0.77 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.72 earnings per share. J.B. Hunt Transport Services’s revenue was up 10.2% compared to the same quarter last year. Analysts expect that J.B. Hunt Transport Services will post $3.33 EPS 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 1.12%. 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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