Credit Suisse Group Raises J.B. Hunt Transport Services (JBHT) Price Target to $131.00

J.B. Hunt Transport Services (NASDAQ:JBHT) had its target price increased by analysts at Credit Suisse Group from $129.00 to $131.00 in a report issued on Tuesday. The brokerage presently has an “outperform” rating on the transportation company’s stock. Credit Suisse Group’s price objective indicates a potential upside of 8.52% from the company’s current price.

Several other equities analysts have also commented on the stock. BidaskClub raised shares of J.B. Hunt Transport Services from a “hold” rating to a “buy” rating in a report on Saturday, December 9th. Zacks Investment Research lowered shares of J.B. Hunt Transport Services from a “hold” rating to a “sell” rating in a report on Tuesday, December 19th. Bank of America reissued a “buy” rating and issued a $128.00 target price (up from $117.00) on shares of J.B. Hunt Transport Services in a report on Thursday, December 28th. Stephens reissued a “buy” rating and issued a $115.00 target price on shares of J.B. Hunt Transport Services in a report on Thursday, December 28th. Finally, Barclays reissued a “hold” rating and issued a $115.00 target price on shares of J.B. Hunt Transport Services in a report on Wednesday, December 13th. Eight analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $118.83.

J.B. Hunt Transport Services (NASDAQ:JBHT) traded down $1.04 during mid-day trading on Tuesday, reaching $120.72. 762,024 shares of the company’s stock traded hands, compared to its average volume of 1,038,991. The company has a current ratio of 1.52, a quick ratio of 1.48 and a debt-to-equity ratio of 0.59. 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 cap of $13,260.00, a price-to-earnings ratio of 19.50, a P/E/G ratio of 1.94 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 EPS for the quarter, beating the consensus estimate 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 firm 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 EPS. The business’s quarterly revenue was up 15.6% compared to the same quarter last year. equities research analysts forecast that J.B. Hunt Transport Services will post 5.08 EPS for the current fiscal year.

In related news, EVP Bradley W. Hicks sold 1,000 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $110.33, for a total transaction of $110,330.00. Following the sale, the executive vice president now directly owns 16,690 shares of the company’s stock, valued at approximately $1,841,407.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP John Kuhlow sold 500 shares of J.B. Hunt Transport Services 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 sale, the senior vice president now directly owns 3,499 shares in the company, valued at $393,812.45. The disclosure for this sale can be found here. Insiders own 4.30% of the company’s stock.

A number of large investors have recently bought and sold shares of the stock. D.A. Davidson & CO. boosted its position in J.B. Hunt Transport Services by 0.4% during the 2nd quarter. D.A. Davidson & CO. now owns 2,733 shares of the transportation company’s stock worth $249,000 after buying an additional 12 shares during the period. Tudor Investment Corp ET AL boosted its position in J.B. Hunt Transport Services by 0.4% during the 2nd quarter. Tudor Investment Corp ET AL now owns 5,849 shares of the transportation company’s stock worth $534,000 after buying an additional 22 shares during the period. M&T Bank Corp boosted its position in J.B. Hunt Transport Services by 2.1% during the 2nd quarter. M&T Bank Corp now owns 7,498 shares of the transportation company’s stock worth $685,000 after buying an additional 157 shares during the period. HighTower Advisors LLC boosted its position in J.B. Hunt Transport Services by 1.1% during the 2nd quarter. HighTower Advisors LLC now owns 42,948 shares of the transportation company’s stock worth $3,914,000 after buying an additional 447 shares during the period. Finally, Buckingham Capital Management Inc. boosted its position in J.B. Hunt Transport Services by 9.6% during the 3rd quarter. Buckingham Capital Management Inc. now owns 5,545 shares of the transportation company’s stock worth $616,000 after buying an additional 485 shares during the period. Institutional investors and hedge funds own 71.05% 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.