J.B. Hunt Transport Services (JBHT) Receives “Market Perform” Rating from Cowen

J.B. Hunt Transport Services (NASDAQ:JBHT)‘s stock had its “market perform” rating restated by stock analysts at Cowen in a note issued to investors on Monday. They currently have a $124.00 target price on the transportation company’s stock, down from their prior target price of $127.00. Cowen’s price target would indicate a potential upside of 1.24% from the company’s current price.

Other equities analysts have also issued reports about the stock. Barclays raised their price target on shares of 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. Loop Capital reaffirmed a “buy” rating and set a $116.00 price target on shares of J.B. Hunt Transport Services in a research report on Monday, October 16th. Stifel Nicolaus lowered their price target on shares of J.B. Hunt Transport Services from $114.00 to $111.00 and set a “buy” rating on the stock in a research report on Monday, October 16th. BMO Capital Markets reaffirmed a “market perform” rating and set a $100.00 price target (up from $95.00) on shares of J.B. Hunt Transport Services in a research report on Monday, October 16th. Finally, Bank of America reaffirmed a “buy” rating and set a $128.00 price target (up from $117.00) on shares of J.B. Hunt Transport Services in a research report on Thursday, December 28th. Eight research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $118.72.

Shares of J.B. Hunt Transport Services (NASDAQ JBHT) traded down $2.55 on Monday, hitting $122.48. 328,966 shares of the stock traded hands, compared to its average volume of 1,003,904. J.B. Hunt Transport Services has a 52 week low of $83.35 and a 52 week high of $126.49. The company has a market capitalization of $13,722.42, a price-to-earnings ratio of 20.20, a PEG ratio of 1.94 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 (NASDAQ:JBHT) last released its quarterly earnings results on Thursday, January 18th. The transportation company reported $3.48 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $2.45. J.B. Hunt Transport Services had a net margin of 9.55% and a return on equity of 27.32%. The business had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.93 billion. During the same period last year, the firm earned $1.05 earnings per share. J.B. Hunt Transport Services’s revenue for the quarter was up 15.6% compared to the same quarter last year. sell-side analysts expect that J.B. Hunt Transport Services will post 5.08 EPS for the current year.

In related news, EVP Bradley W. Hicks sold 1,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the executive vice president now owns 16,690 shares in the company, valued at approximately $1,841,407.70. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP John Kuhlow sold 500 shares of the firm’s stock in a transaction that occurred on 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. Company insiders own 4.30% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the business. YorkBridge Wealth Partners LLC raised its holdings in J.B. Hunt Transport Services by 6.6% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,097 shares of the transportation company’s stock worth $102,000 after purchasing an additional 68 shares during the last quarter. Parkwood LLC bought a new position in J.B. Hunt Transport Services during the 3rd quarter worth approximately $202,000. First Allied Advisory Services Inc. bought a new position in J.B. Hunt Transport Services during the 3rd quarter worth approximately $211,000. Morse Asset Management Inc bought a new position in J.B. Hunt Transport Services during the 3rd quarter worth approximately $211,000. Finally, Capital Investment Counsel Inc bought a new position in J.B. Hunt Transport Services during the 3rd quarter worth approximately $222,000. Hedge funds and other institutional investors own 71.05% of the company’s stock.

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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)

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