J.B. Hunt Transport Services Receives Consensus Recommendation of “Buy” from Brokerages (NASDAQ:JBHT)
J.B. Hunt Transport Services (NASDAQ:JBHT) has earned an average rating of “Buy” from the sixteen ratings firms that are covering the stock, ARN reports. Four equities research 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 brokerages that have issued ratings on the stock in the last year is $84.09.
A number of analysts have recently weighed in on JBHT shares. 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.
In other J.B. Hunt Transport Services news, EVP Terrence D. Matthews unloaded 11,777 shares of J.B. Hunt Transport Services stock on the open market in a transaction dated Monday, August 11th. The shares were sold at an average price of $76.52, for a total transaction of $901,176.04. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of J.B. Hunt Transport Services (NASDAQ:JBHT) opened at 75.57 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’s 50-day moving average is $76.19 and its 200-day moving average is $74.82. The company has a market cap of $8.807 billion and a P/E ratio of 26.24. J.B. Hunt Transport Services also saw a large growth in short interest in the month of July. As of July 31st, there was short interest totalling 3,206,899 shares, a growth of 81.6% from the July 15th total of 1,765,451 shares. Based on an average trading volume of 1,138,206 shares, the days-to-cover ratio is currently 2.8 days. Approximately 3.5% of the shares of the company are short sold.
J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its earnings results 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.
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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