J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)‘s stock had its “equal weight” rating reiterated by research analysts at Morgan Stanley in a research note issued on Tuesday. They presently have a $84.00 price target on the transportation company’s stock, down from their previous price target of $85.00. Morgan Stanley’s price objective would indicate a potential downside of 10.19% from the company’s current price.

Several other equities analysts have also recently commented on the stock. Deutsche Bank AG lifted their target price on shares of J.B. Hunt Transport Services from $90.00 to $110.00 and gave the stock a “hold” rating in a research report on Wednesday, April 19th. Zacks Investment Research lowered shares of J.B. Hunt Transport Services from a “hold” rating to a “sell” rating in a research note on Tuesday, June 20th. Stifel Nicolaus decreased their price target on shares of J.B. Hunt Transport Services from $97.00 to $88.00 and set a “hold” rating for the company in a research note on Wednesday, April 19th. Vertical Research started coverage on shares of J.B. Hunt Transport Services in a research note on Thursday, April 13th. They set a “hold” rating and a $92.00 price target for the company. Finally, BidaskClub upgraded shares of J.B. Hunt Transport Services from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 28th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $97.88.

J.B. Hunt Transport Services (JBHT) traded down 1.30% during trading on Tuesday, hitting $92.31. The stock had a trading volume of 747,375 shares. J.B. Hunt Transport Services has a 1-year low of $76.20 and a 1-year high of $102.38. The firm has a 50 day moving average price of $86.98 and a 200-day moving average price of $93.14. The firm has a market capitalization of $10.15 billion, a PE ratio of 23.97 and a beta of 0.93.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its earnings results on Monday, July 17th. The transportation company reported $0.88 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.92 by $0.04. J.B. Hunt Transport Services had a return on equity of 30.67% and a net margin of 6.54%. The firm had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.74 billion. During the same period in the prior year, the business earned $0.92 EPS. J.B. Hunt Transport Services’s quarterly revenue was up 6.9% compared to the same quarter last year. On average, equities research analysts expect that J.B. Hunt Transport Services will post $3.93 EPS for the current year.

J.B. Hunt Transport Services declared that its board has approved a share repurchase plan on Thursday, April 20th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the transportation company to repurchase up to 51% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in J.B. Hunt Transport Services by 4.1% in the first quarter. Vanguard Group Inc. now owns 9,393,838 shares of the transportation company’s stock worth $861,790,000 after buying an additional 370,811 shares during the period. Price T Rowe Associates Inc. MD increased its stake in J.B. Hunt Transport Services by 22.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,697,881 shares of the transportation company’s stock worth $491,357,000 after buying an additional 1,242,750 shares in the last quarter. BlackRock Inc. increased its stake in J.B. Hunt Transport Services by 2,611.8% in the first quarter. BlackRock Inc. now owns 6,252,515 shares of the transportation company’s stock worth $573,604,000 after buying an additional 6,021,944 shares in the last quarter. FMR LLC increased its stake in J.B. Hunt Transport Services by 15.0% in the fourth quarter. FMR LLC now owns 5,279,051 shares of the transportation company’s stock worth $512,437,000 after buying an additional 689,076 shares in the last quarter. Finally, State Street Corp increased its stake in J.B. Hunt Transport Services by 0.6% in the first quarter. State Street Corp now owns 3,804,690 shares of the transportation company’s stock worth $349,041,000 after buying an additional 22,884 shares in the last quarter. Hedge funds and other institutional investors own 72.65% of the company’s stock.

About J.B. Hunt Transport Services

J.B. Hunt Transport Services, Inc is a surface transportation, delivery, and logistics company in North America. The Company segments include Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS) and Truck (JBT). The Company, through its subsidiaries, provides transportation and delivery services to a range of customers and consumers throughout the continental United States, Canada and Mexico.

Analyst Recommendations for J.B. Hunt Transport Services (NASDAQ:JBHT)

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