J.B. Hunt Transport Services (NASDAQ:JBHT) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

J.B. Hunt Transport Services (NASDAQ:JBHT) had its price objective lifted by equities researchers at JPMorgan Chase & Co. from $280.00 to $313.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the transportation company’s stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 7.41% from the stock’s current price.

A number of other brokerages also recently issued reports on JBHT. Truist Financial increased their price objective on shares of J.B. Hunt Transport Services from $280.00 to $295.00 and gave the stock a “hold” rating in a research note on Thursday. Raymond James Financial upped their price target on shares of J.B. Hunt Transport Services from $299.00 to $315.00 and gave the stock an “outperform” rating in a report on Thursday. Stifel Nicolaus increased their price target on shares of J.B. Hunt Transport Services from $225.00 to $261.00 and gave the stock a “hold” rating in a research report on Monday, July 13th. Benchmark lifted their price objective on shares of J.B. Hunt Transport Services from $250.00 to $300.00 and gave the company a “buy” rating in a research note on Friday, June 26th. Finally, Bank of America boosted their price objective on shares of J.B. Hunt Transport Services from $225.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, April 16th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $286.30.

J.B. Hunt Transport Services Stock Down 2.3%

Shares of JBHT stock opened at $291.41 on Thursday. The firm’s fifty day moving average price is $274.31 and its two-hundred day moving average price is $238.25. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.31. J.B. Hunt Transport Services has a 1 year low of $130.12 and a 1 year high of $299.76. The firm has a market capitalization of $27.48 billion, a P/E ratio of 41.28, a PEG ratio of 2.11 and a beta of 1.29.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its earnings results on Wednesday, July 15th. The transportation company reported $1.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.71 by $0.20. The company had revenue of $3.50 billion for the quarter, compared to analysts’ expectations of $3.26 billion. J.B. Hunt Transport Services had a net margin of 5.31% and a return on equity of 18.75%. J.B. Hunt Transport Services’s quarterly revenue was up 19.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.31 EPS. On average, equities analysts predict that J.B. Hunt Transport Services will post 7.54 EPS for the current fiscal year.

Insider Buying and Selling

In other J.B. Hunt Transport Services news, EVP Spencer Frazier sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $258.20, for a total transaction of $516,400.00. Following the sale, the executive vice president directly owned 4,604 shares of the company’s stock, valued at $1,188,752.80. The trade was a 30.28% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Nicholas Hobbs sold 1,272 shares of the company’s stock in a transaction that occurred on Wednesday, April 22nd. The shares were sold at an average price of $250.75, for a total transaction of $318,954.00. Following the completion of the transaction, the chief operating officer owned 91,736 shares of the company’s stock, valued at approximately $23,002,802. This trade represents a 1.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 18,119 shares of company stock valued at $4,736,095 over the last three months. Insiders own 2.50% of the company’s stock.

Institutional Trading of J.B. Hunt Transport Services

Several institutional investors have recently modified their holdings of the business. Elevation Wealth Partners LLC raised its position in J.B. Hunt Transport Services by 500.0% during the 2nd quarter. Elevation Wealth Partners LLC now owns 150 shares of the transportation company’s stock worth $43,000 after purchasing an additional 125 shares during the last quarter. International Assets Investment Management LLC bought a new stake in shares of J.B. Hunt Transport Services in the 4th quarter valued at about $32,000. Whittier Trust Co. grew its position in shares of J.B. Hunt Transport Services by 39.1% in the 4th quarter. Whittier Trust Co. now owns 178 shares of the transportation company’s stock valued at $37,000 after buying an additional 50 shares during the last quarter. CIBC Private Wealth Group LLC increased its stake in shares of J.B. Hunt Transport Services by 34.3% in the fourth quarter. CIBC Private Wealth Group LLC now owns 188 shares of the transportation company’s stock valued at $37,000 after buying an additional 48 shares during the period. Finally, Activest Wealth Management raised its position in shares of J.B. Hunt Transport Services by 19,800.0% during the fourth quarter. Activest Wealth Management now owns 199 shares of the transportation company’s stock worth $39,000 after acquiring an additional 198 shares during the last quarter. Institutional investors own 74.95% of the company’s stock.

Key Headlines Impacting J.B. Hunt Transport Services

Here are the key news stories impacting J.B. Hunt Transport Services this week:

• Positive Sentiment: JBHT was added to Zacks’ “Strong Buy” momentum list, signaling improving technical and fundamental momentum. Best Momentum Stocks to Buy for July 17th
• Positive Sentiment: Analysts raised price targets after the earnings beat, including JPMorgan, Robert W. Baird, Barclays, Citigroup, and TD Cowen, reflecting confidence in the recovery and margin improvement.
• Positive Sentiment: Reports highlighted shrinking trucking capacity and a shift toward intermodal freight, which could support stronger pricing and volume trends for JBHT. J.B. Hunt Stock Could Reach $340 as Trucking Capacity Shrinks
• Positive Sentiment: JBHT was also featured on relative-strength and momentum screens, indicating that investors see it as one of the stronger names in a choppy market. 5 Top Stocks With Relative Price Strength to Buy Right Now
• Neutral Sentiment: One Zacks article cautioned that while earnings growth and estimate revisions support the rally, the stock’s premium valuation means investors should remain selective. Is JBHT Stock too Expensive or Still Attractive After Its Rally?
• Neutral Sentiment: Analysts’ consensus remains constructive, with coverage still centered around a “Moderate Buy” view.

About J.B. Hunt Transport Services

J.B. Hunt Transport Services, Inc is a leading provider of transportation and logistics solutions headquartered in Lowell, Arkansas. The company offers a comprehensive suite of services designed to move freight efficiently across North America, including intermodal, dedicated contract services, full truckload, less-than-truckload (LTL), final mile delivery and specialized transport.

In its intermodal segment, J.B. Hunt leverages a network of rail and truck assets to transport containers and trailers on major U.S.