Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) have been given an average recommendation of “Buy” by the seventeen brokerages that are currently covering the company, Marketbeat reports. Seven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $105.88.

Several equities analysts have recently weighed in on JBHT shares. Stifel Nicolaus reissued a “hold” rating and issued a $88.00 price objective on shares of J.B. Hunt Transport Services in a research report on Friday, June 23rd. BidaskClub raised shares of J.B. Hunt Transport Services from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 28th. Bank of America Corporation reissued a “buy” rating and issued a $109.00 price objective (up from $98.00) on shares of J.B. Hunt Transport Services in a research report on Monday, July 10th. Morgan Stanley restated an “equal weight” rating and issued a $84.00 price target (down from $85.00) on shares of J.B. Hunt Transport Services in a research note on Tuesday, July 18th. Finally, Wells Fargo & Company restated an “outperform” rating and issued a $105.00 price target (up from $100.00) on shares of J.B. Hunt Transport Services in a research note on Tuesday, July 18th.

J.B. Hunt Transport Services (NASDAQ:JBHT) traded down 0.46% during mid-day trading on Wednesday, reaching $105.68. 632,274 shares of the company’s stock traded hands. The firm has a 50 day moving average of $103.23 and a 200 day moving average of $93.39. J.B. Hunt Transport Services has a 1-year low of $76.20 and a 1-year high of $111.98. The firm has a market cap of $11.57 billion, a PE ratio of 27.72 and a beta of 0.97.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings data on Monday, July 17th. The transportation company reported $0.88 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.92 by ($0.04). The company had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.74 billion. J.B. Hunt Transport Services had a net margin of 6.32% and a return on equity of 30.00%. J.B. Hunt Transport Services’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.92 earnings per share. Analysts forecast that J.B. Hunt Transport Services will post $3.85 EPS for the current year.

In other J.B. Hunt Transport Services news, EVP Terrence D. Matthews sold 2,694 shares of the stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $101.00, for a total transaction of $272,094.00. Following the sale, the executive vice president now directly owns 21,140 shares in the company, valued at $2,135,140. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP John Kuhlow sold 810 shares of the stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $93.71, for a total transaction of $75,905.10. Following the sale, the senior vice president now owns 3,999 shares in the company, valued at $374,746.29. The disclosure for this sale can be found here. Insiders have sold 1,052,872 shares of company stock worth $103,066,436 over the last quarter. Corporate insiders own 4.30% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. YorkBridge Wealth Partners LLC boosted its stake in shares of J.B. Hunt Transport Services by 6.6% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,097 shares of the transportation company’s stock valued at $102,000 after purchasing an additional 68 shares in the last quarter. Bronfman E.L. Rothschild L.P. boosted its stake in shares of J.B. Hunt Transport Services by 3.3% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,339 shares of the transportation company’s stock valued at $122,000 after purchasing an additional 43 shares in the last quarter. Farmers & Merchants Investments Inc. boosted its stake in shares of J.B. Hunt Transport Services by 1.4% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 1,420 shares of the transportation company’s stock valued at $130,000 after purchasing an additional 20 shares in the last quarter. Van ECK Associates Corp boosted its stake in shares of J.B. Hunt Transport Services by 6.9% in the 1st quarter. Van ECK Associates Corp now owns 1,468 shares of the transportation company’s stock valued at $135,000 after purchasing an additional 95 shares in the last quarter. Finally, Paradigm Asset Management Co. LLC boosted its stake in shares of J.B. Hunt Transport Services by 3.1% in the 2nd quarter. Paradigm Asset Management Co. LLC now owns 1,650 shares of the transportation company’s stock valued at $151,000 after purchasing an additional 50 shares in the last quarter. Institutional investors own 71.54% of the company’s stock.

WARNING: This piece of content was originally published by American Banking News and is the sole property of of American Banking News. If you are accessing this piece of content on another domain, it was stolen and reposted in violation of United States and international copyright laws. The original version of this piece of content can be read at https://www.americanbankingnews.com/2017/10/11/j-b-hunt-transport-services-inc-jbht-receives-consensus-rating-of-buy-from-analysts.html.

J.B. Hunt Transport Services Company Profile

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)

Receive News & Ratings for J.B. Hunt Transport Services Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J.B. Hunt Transport Services Inc. and related companies with MarketBeat.com's FREE daily email newsletter.