Barclays Reiterates “Overweight” Rating for J.B. Hunt Transport Services (JBHT)
J.B. Hunt Transport Services (NASDAQ:JBHT)‘s stock had its “overweight” rating restated by equities researchers at Barclays in a research report issued on Monday. They currently have a $80.00 target price on the stock, down from their previous target price of $82.00. Barclays’ price target would indicate a potential upside of 8.87% from the company’s current price.
Shares of J.B. Hunt Transport Services (NASDAQ:JBHT) traded up 0.60% on Monday, hitting $73.92. 372,485 shares of the company’s stock traded hands. J.B. Hunt Transport Services has a 1-year low of $69.33 and a 1-year high of $79.89. The stock has a 50-day moving average of $76.53 and a 200-day moving average of $74.97. The company has a market cap of $8.668 billion and a P/E ratio of 25.86. J.B. Hunt Transport Services also was the target of a significant decline in short interest during the month of June. As of June 13th, there was short interest totalling 1,818,050 shares, a decline of 28.8% from the May 30th total of 2,555,153 shares. Based on an average daily trading volume, of 776,348 shares, the short-interest ratio is currently 2.3 days. Approximately 2.0% of the company’s shares are short sold.
J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its earnings results on Monday, April 14th. The company reported $0.58 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.61 by $0.03. The company had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same quarter last year, the company posted $0.61 earnings per share. J.B. Hunt Transport Services’s revenue was up 8.4% compared to the same quarter last year. Analysts expect that J.B. Hunt Transport Services will post $3.17 EPS for the current fiscal year.
Separately, analysts at Zacks reiterated a “neutral” rating on shares of J.B. Hunt Transport Services in a research note on Tuesday, April 22nd. They now have a $80.00 price target on the stock. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $81.79.
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.