JB Hunt Transport Services Inc. (JBHT) Upgraded at Buckingham Research
JB Hunt Transport Services Inc. (NASDAQ:JBHT) was upgraded by analysts at Buckingham Research from a “neutral” rating to a “buy” rating in a research note issued on Tuesday. The firm presently has a $95.00 price target on the stock. Buckingham Research’s target price would indicate a potential upside of 17.65% from the company’s previous close.
JBHT has been the topic of a number of other reports. Deutsche Bank AG reiterated a “hold” rating on shares of JB Hunt Transport Services in a research note on Tuesday, April 12th. BMO Capital Markets restated a “market perform” rating and issued a $84.00 target price (down from $88.00) on shares of JB Hunt Transport Services in a research note on Tuesday, July 19th. Royal Bank Of Canada decreased their target price on JB Hunt Transport Services from $98.00 to $94.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 19th. Sanford C. Bernstein upped their target price on JB Hunt Transport Services from $92.00 to $96.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 19th. Finally, Zacks Investment Research lowered JB Hunt Transport Services from a “hold” rating to a “sell” rating in a research note on Monday, June 27th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $91.29.
Shares of JB Hunt Transport Services (NASDAQ:JBHT) traded down 0.79% during trading on Tuesday, hitting $80.75. The stock had a trading volume of 800,301 shares. The company has a market capitalization of $9.10 billion, a PE ratio of 21.22 and a beta of 0.92. The firm has a 50-day moving average price of $80.56 and a 200 day moving average price of $82.20. JB Hunt Transport Services has a 52 week low of $63.58 and a 52 week high of $89.43.
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JB Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings data on Monday, July 18th. The company reported $0.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.97 by $0.05. JB Hunt Transport Services had a net margin of 6.88% and a return on equity of 33.52%. The company had revenue of $1.62 billion for the quarter, compared to the consensus estimate of $1.62 billion. During the same quarter in the previous year, the firm posted $0.88 earnings per share. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. Equities analysts anticipate that JB Hunt Transport Services will post $3.91 earnings per share for the current year.
In other JB Hunt Transport Services news, Director Earl Wayne Garrison sold 50,000 shares of the stock in a transaction that occurred on Tuesday, July 26th. The stock was sold at an average price of $84.04, for a total value of $4,202,000.00. Following the completion of the sale, the director now owns 2,350,000 shares in the company, valued at approximately $197,494,000. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO David G. Mee sold 6,408 shares of the stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of $81.93, for a total value of $525,007.44. Following the completion of the sale, the chief financial officer now owns 120,000 shares of the company’s stock, valued at approximately $9,831,600. The disclosure for this sale can be found here. 4.50% of the stock is owned by company insiders.
Large investors have recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD boosted its stake in JB Hunt Transport Services by 22.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,697,881 shares of the company’s stock valued at $491,357,000 after buying an additional 1,242,750 shares during the period. Norges Bank acquired a new stake in JB Hunt Transport Services during the fourth quarter valued at $57,209,000. Wellington Management Group LLP boosted its stake in JB Hunt Transport Services by 19.6% in the first quarter. Wellington Management Group LLP now owns 3,129,294 shares of the company’s stock valued at $263,612,000 after buying an additional 512,338 shares during the period. Atlanta Capital Management Co. L L C raised its position in shares of JB Hunt Transport Services by 19.0% in the second quarter. Atlanta Capital Management Co. L L C now owns 2,988,075 shares of the company’s stock valued at $241,825,000 after buying an additional 476,458 shares in the last quarter. Finally, Bank of Montreal Can purchased a new position in shares of JB Hunt Transport Services during the second quarter valued at about $37,659,000. Institutional investors and hedge funds own 71.59% of the company’s stock.
About JB Hunt Transport Services
J.B. Hunt Transport Services, Inc is a holding company. The Company is a surface transportation, delivery, and logistics company in North America. The Company, through its subsidiaries, provides transportation and delivery services to various customers and consumers throughout the continental United States, Canada and Mexico.
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