J.B. Hunt Transport Services’ (JBHT) Buy Rating Reaffirmed at Stephens

J.B. Hunt Transport Services (NASDAQ:JBHT)‘s stock had its “buy” rating restated by stock analysts at Stephens in a research note issued to investors on Wednesday. They presently have a $135.00 price objective on the transportation company’s stock. Stephens’ price target would suggest a potential upside of 16.29% from the stock’s previous close.

Several other analysts have also weighed in on the stock. Credit Suisse Group reiterated a “buy” rating and set a $114.00 target price (up previously from $100.00) on shares of J.B. Hunt Transport Services in a research note on Thursday, October 12th. They noted that the move was a valuation call. BidaskClub upgraded shares of J.B. Hunt Transport Services from a “hold” rating to a “buy” rating in a research note on Saturday, December 9th. JPMorgan Chase & Co. boosted their target price on shares of J.B. Hunt Transport Services from $108.00 to $121.00 and gave the company an “overweight” rating in a research note on Thursday, October 12th. BMO Capital Markets reiterated a “neutral” rating on shares of J.B. Hunt Transport Services in a research note on Friday, December 1st. Finally, Stifel Nicolaus upgraded shares of J.B. Hunt Transport Services from a “hold” rating to a “buy” rating and upped their price target for the stock from $91.00 to $125.00 in a research report on Friday, September 29th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $113.44.

J.B. Hunt Transport Services (NASDAQ JBHT) traded up $1.11 during mid-day trading on Wednesday, reaching $116.09. 863,600 shares of the company’s stock traded hands, compared to its average volume of 998,750. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.74. J.B. Hunt Transport Services has a 12-month low of $83.35 and a 12-month high of $116.89. The company has a market capitalization of $12,850.00, a price-to-earnings ratio of 30.96, a price-to-earnings-growth ratio of 1.97 and a beta of 1.05.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its earnings results on Friday, October 13th. The transportation company reported $0.91 earnings per share for the quarter, missing the consensus estimate of $0.96 by ($0.05). J.B. Hunt Transport Services had a net margin of 6.05% and a return on equity of 28.90%. The business had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.82 billion. During the same quarter in the previous year, the firm earned $0.97 EPS. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. equities research analysts predict that J.B. Hunt Transport Services will post 3.74 earnings per share for the current fiscal year.

In related news, Director Earl Wayne Garrison sold 100,000 shares of the stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $109.29, for a total value of $10,929,000.00. Following the completion of the transaction, the director now owns 2,050,000 shares in the company, valued at approximately $224,044,500. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP John Kuhlow sold 500 shares of the stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $112.55, for a total transaction of $56,275.00. Following the completion of the transaction, the senior vice president now owns 3,499 shares of the company’s stock, valued at approximately $393,812.45. The disclosure for this sale can be found here. Insiders have sold 101,500 shares of company stock valued at $11,095,605 in the last 90 days. Insiders own 4.30% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in JBHT. YorkBridge Wealth Partners LLC lifted its holdings in 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 acquiring an additional 68 shares during the last quarter. Bronfman E.L. Rothschild L.P. lifted its holdings in 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 acquiring an additional 43 shares during the last quarter. Commerce Bank acquired a new stake in J.B. Hunt Transport Services in the 2nd quarter valued at about $200,000. Parkwood LLC acquired a new stake in J.B. Hunt Transport Services in the 3rd quarter valued at about $202,000. Finally, Sawtooth Solutions LLC lifted its holdings in J.B. Hunt Transport Services by 3.8% in the 2nd quarter. Sawtooth Solutions LLC now owns 2,293 shares of the transportation company’s stock valued at $210,000 after acquiring an additional 85 shares during the last quarter. Hedge funds and other institutional investors own 70.93% of the company’s stock.

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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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