J.B. Hunt Transport Services (JBHT) Earns Buy Rating from Loop Capital

J.B. Hunt Transport Services (NASDAQ:JBHT)‘s stock had its “buy” rating restated by equities research analysts at Loop Capital in a report issued on Friday. They currently have a $145.00 price objective on the transportation company’s stock. Loop Capital’s price objective would suggest a potential upside of 17.30% from the company’s previous close.

JBHT has been the topic of several other research reports. UBS Group upgraded J.B. Hunt Transport Services from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $115.00 to $126.00 in a research report on Monday, October 23rd. JPMorgan Chase & Co. boosted their target price on J.B. Hunt Transport Services from $108.00 to $121.00 and gave the stock an “overweight” rating in a research report on Thursday, October 12th. 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 report on Thursday, October 12th. They noted that the move was a valuation call. Cowen reiterated a “buy” rating and set a $102.00 target price on shares of J.B. Hunt Transport Services in a research report on Sunday, October 1st. Finally, Barclays boosted their target price on J.B. Hunt Transport Services from $97.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Monday, October 2nd. One analyst has rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the company. J.B. Hunt Transport Services has an average rating of “Hold” and a consensus price target of $117.33.

J.B. Hunt Transport Services (NASDAQ JBHT) traded up $2.16 during midday trading on Friday, reaching $123.61. The company’s stock had a trading volume of 1,318,247 shares, compared to its average volume of 1,099,046. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.48 and a quick ratio of 1.48. J.B. Hunt Transport Services has a 52 week low of $83.35 and a 52 week high of $123.87. The firm has a market cap of $13,570.00, a PE ratio of 19.97, a price-to-earnings-growth ratio of 1.96 and a beta of 1.05.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its earnings results on Thursday, January 18th. The transportation company reported $3.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.03 by $2.45. J.B. Hunt Transport Services had a return on equity of 28.90% and a net margin of 6.05%. The company had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $1.93 billion. During the same quarter in the previous year, the firm posted $1.05 EPS. The firm’s quarterly revenue was up 15.6% on a year-over-year basis. research analysts predict that J.B. Hunt Transport Services will post 3.73 earnings per share for the current year.

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

A number of hedge funds have recently bought and sold shares of the stock. State of Alaska Department of Revenue lifted its stake in J.B. Hunt Transport Services by 62.1% in the 4th quarter. State of Alaska Department of Revenue now owns 16,705 shares of the transportation company’s stock valued at $1,918,000 after buying an additional 6,400 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its stake in J.B. Hunt Transport Services by 7.4% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 432,358 shares of the transportation company’s stock valued at $49,713,000 after buying an additional 29,918 shares in the last quarter. E&G Advisors LP purchased a new stake in J.B. Hunt Transport Services in the 4th quarter valued at approximately $379,000. Bank of Montreal Can lifted its stake in J.B. Hunt Transport Services by 19.8% in the 4th quarter. Bank of Montreal Can now owns 89,850 shares of the transportation company’s stock valued at $10,331,000 after buying an additional 14,875 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its stake in J.B. Hunt Transport Services by 1.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 28,925 shares of the transportation company’s stock valued at $3,326,000 after buying an additional 500 shares in the last quarter. 70.96% of the stock is currently owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY WARNING: This piece of content was first published by American Banking News and is the property of of American Banking News. If you are viewing this piece of content on another site, it was copied illegally and reposted in violation of US and international copyright laws. The legal version of this piece of content can be read at https://www.americanbankingnews.com/2018/01/19/j-b-hunt-transport-services-jbht-earns-buy-rating-from-loop-capital.html.

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)

Receive News & Ratings for J.B. Hunt Transport Services 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 and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply