Short Interest in J.B. Hunt Transport Services Declines By 28.8% (JBHT)
J.B. Hunt Transport Services (NASDAQ:JBHT) was the recipient of a significant decline in short interest in 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, StockRatingsNetwork reports. Approximately 2.0% of the shares of the company are sold short. Based on an average daily volume of 776,348 shares, the days-to-cover ratio is presently 2.3 days.
A number of research firms have recently commented on JBHT. Analysts at Barclays reiterated an “overweight” rating on shares of J.B. Hunt Transport Services in a research note on Monday. They now have a $80.00 price target on the stock, down previously from $82.00. 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 analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $81.79.
J.B. Hunt Transport Services (NASDAQ:JBHT) opened at 73.78 on Tuesday. 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 $76.47 and a 200-day moving average of $74.95. The company has a market cap of $8.651 billion and a P/E ratio of 25.86.
J.B. Hunt Transport Services (NASDAQ:JBHT) last released its earnings data on Monday, April 14th. The company reported $0.58 EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted $0.61 earnings per share. The company’s quarterly revenue was up 8.4% on a year-over-year basis. Analysts expect that J.B. Hunt Transport Services will post $3.17 EPS for the current fiscal year.
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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