J.B. Hunt Transport Services (JBHT) Stock Rating Reaffirmed by Cowen

J.B. Hunt Transport Services (NASDAQ:JBHT)‘s stock had its “hold” rating restated by Cowen in a report issued on Friday. They presently have a $127.00 price objective on the transportation company’s stock. Cowen’s price target would indicate a potential upside of 2.74% from the company’s previous close.

Several other research firms have also recently commented on JBHT. JPMorgan Chase & Co. restated a “neutral” rating and issued a $121.00 target price on shares of J.B. Hunt Transport Services in a research note on Thursday, January 11th. Credit Suisse Group restated an “outperform” rating and issued a $129.00 target price (up previously from $111.00) on shares of J.B. Hunt Transport Services in a research note on Monday, January 8th. Stephens restated a “buy” rating and issued a $135.00 target price on shares of J.B. Hunt Transport Services in a research note on Wednesday, January 3rd. Bank of America restated a “buy” rating and issued a $128.00 target price (up previously from $117.00) on shares of J.B. Hunt Transport Services in a research note on Thursday, December 28th. Finally, KeyCorp reiterated a “buy” rating and set a $125.00 price objective on shares of J.B. Hunt Transport Services in a research note on Friday, December 29th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $117.61.

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 855,046. The company has a market cap of $13,329.37, a PE ratio of 19.97, a price-to-earnings-growth ratio of 1.96 and a beta of 1.05. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.52 and a quick ratio of 1.48. J.B. Hunt Transport Services has a 12-month low of $83.35 and a 12-month high of $123.87.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its earnings results on Thursday, January 18th. The transportation company reported $3.48 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.03 by $2.45. The firm had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $1.93 billion. J.B. Hunt Transport Services had a return on equity of 27.32% and a net margin of 9.55%. The business’s quarterly revenue was up 15.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.05 EPS. sell-side analysts forecast that J.B. Hunt Transport Services will post 4.78 earnings per share for the current fiscal year.

In related news, SVP John Kuhlow sold 500 shares of the stock in a transaction 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 sale, the senior vice president now owns 3,499 shares in the company, valued at approximately $393,812.45. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Bradley W. Hicks sold 1,000 shares of the stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $110.33, for a total value of $110,330.00. Following the completion of the sale, the executive vice president now owns 16,690 shares in the company, valued at approximately $1,841,407.70. 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. 4.30% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of JBHT. YorkBridge Wealth Partners LLC grew 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 buying an additional 68 shares in the last quarter. Parkwood LLC acquired a new position in J.B. Hunt Transport Services in the 3rd quarter valued at $202,000. Dynamic Technology Lab Private Ltd acquired a new position in J.B. Hunt Transport Services in the 2nd quarter valued at $211,000. Morse Asset Management Inc acquired a new position in J.B. Hunt Transport Services in the 3rd quarter valued at $211,000. Finally, First Allied Advisory Services Inc. acquired a new position in J.B. Hunt Transport Services in the 3rd quarter valued at $211,000. 70.96% of the stock is currently owned by hedge funds and other institutional investors.

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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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