J.B. Hunt Transport Services Receives Consensus Recommendation of “Buy” from Brokerages (NASDAQ:JBHT)
Shares of J.B. Hunt Transport Services (NASDAQ:JBHT) have earned an average rating of “Buy” from the sixteen brokerages that are presently covering the stock, American Banking News reports. Four analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $84.09.
JBHT has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of J.B. Hunt Transport Services in a research note on Monday, July 21st. They now have a $82.00 price target on the stock. Separately, analysts at Morgan Stanley upgraded shares of J.B. Hunt Transport Services from a “neutral” rating to an “outperform” rating in a research note on Wednesday, July 16th. They now have a $86.00 price target on the stock, up previously from $78.00. Finally, analysts at Sanford C. Bernstein upgraded shares of J.B. Hunt Transport Services from a “market perform” rating to an “outperform” rating in a research note on Wednesday, July 16th.
J.B. Hunt Transport Services (NASDAQ:JBHT) opened at 76.31 on Tuesday. J.B. Hunt Transport Services has a 52-week low of $69.33 and a 52-week high of $79.89. The stock’s 50-day moving average is $76.09 and its 200-day moving average is $74.82. The company has a market cap of $8.894 billion and a P/E ratio of 26.49. J.B. Hunt Transport Services also was the recipient of a significant increase in short interest during the month of July. As of July 31st, there was short interest totalling 3,206,899 shares, an increase of 81.6% from the July 15th total of 1,765,451 shares. Currently, 3.5% of the shares of the company are sold short. Based on an average daily trading volume, of 1,138,206 shares, the short-interest ratio is currently 2.8 days.
J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings data on Tuesday, July 15th. The company reported $0.79 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.79. The company had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter last year, the company posted $0.73 earnings per share. J.B. Hunt Transport Services’s revenue was up 11.9% compared to the same quarter last year. On average, analysts predict that J.B. Hunt Transport Services will post $3.13 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, August 15th. Investors of record on Friday, August 1st will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.05%. The ex-dividend date is Wednesday, July 30th.
J.B. Hunt Transport Services, Inc (NASDAQ:JBHT) is a holding company and 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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