J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target Cut to $305.00 by Analysts at Wells Fargo & Company

Key Points

• Wells Fargo cut J.B. Hunt’s price target from $335 to $305 while maintaining an “overweight” rating, implying 11.7% upside from the stock’s $273.05 price.
• Analyst sentiment remains broadly positive: the stock has a “Moderate Buy” consensus rating and an average price target of $284.35, despite ratings ranging from “Strong Buy” to “Sell.”
• J.B. Hunt recently exceeded quarterly expectations, reporting $1.91 in EPS versus $1.71 expected and $3.50 billion in revenue, up 19.4% year over year; institutional investors own 74.95% of shares.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) had its target price cut by equities researchers at Wells Fargo & Company from $335.00 to $305.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage currently has an "overweight" rating on the transportation company's stock. Wells Fargo & Company's target price would indicate a potential upside of 11.70% from the stock's current price.

Other equities research analysts also recently issued research reports about the company. BMO Capital Markets reaffirmed an "outperform" rating on shares of J.B. Hunt Transport Services in a report on Thursday, July 16th. Raymond James Financial upped their target price on J.B. Hunt Transport Services from $299.00 to $315.00 and gave the company an "outperform" rating in a research report on Thursday, July 16th. The Goldman Sachs Group set a $261.00 price objective on shares of J.B. Hunt Transport Services in a report on Thursday, July 16th. Morgan Stanley reissued an "underweight" rating and set a $200.00 target price (up from $190.00) on shares of J.B. Hunt Transport Services in a report on Monday, July 6th. Finally, Bank of America restated a "buy" rating on shares of J.B. Hunt Transport Services in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, J.B. Hunt Transport Services has an average rating of "Moderate Buy" and an average target price of $284.35.

J.B. Hunt Transport Services Stock Performance

Shares of JBHT stock opened at $273.05 on Wednesday. The company has a fifty day moving average price of $274.65 and a two-hundred day moving average price of $256.46. J.B. Hunt Transport Services has a one year low of $130.12 and a one year high of $299.76. The stock has a market cap of $25.64 billion, a P/E ratio of 38.68, a P/E/G ratio of 2.08 and a beta of 1.29. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.26 and a quick ratio of 1.26.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) 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. As a group, equities analysts predict that J.B. Hunt Transport Services will post 7.75 EPS for the current year.

Institutional Investors Weigh In On J.B. Hunt Transport Services

Institutional investors have recently added to or reduced their stakes in the business. Junto Capital Management LP grew its stake in shares of J.B. Hunt Transport Services by 9.3% in the second quarter. Junto Capital Management LP now owns 426,492 shares of the transportation company's stock worth $123,440,000 after purchasing an additional 36,149 shares during the last quarter. Sequoia Financial Advisors LLC raised its position in J.B. Hunt Transport Services by 5.3% during the second quarter. Sequoia Financial Advisors LLC now owns 7,546 shares of the transportation company's stock valued at $2,184,000 after purchasing an additional 381 shares in the last quarter. Tidal Investments LLC lifted its position in J.B. Hunt Transport Services by 11.4% in the 2nd quarter. Tidal Investments LLC now owns 19,499 shares of the transportation company's stock worth $5,644,000 after buying an additional 1,988 shares during the last quarter. National Pension Service grew its holdings in shares of J.B. Hunt Transport Services by 5.0% during the 2nd quarter. National Pension Service now owns 50,778 shares of the transportation company's stock valued at $14,697,000 after purchasing an additional 2,397 shares during the last quarter. Finally, Integrated Wealth Concepts LLC lifted its stake in J.B. Hunt Transport Services by 32.2% in the second quarter. Integrated Wealth Concepts LLC now owns 15,620 shares of the transportation company's stock worth $4,521,000 after purchasing an additional 3,801 shares during the last quarter. 74.95% of the stock is owned by institutional investors.

J.B. Hunt Transport Services Company Profile

J.B. Hunt Transport Services, Inc is a transportation and logistics company headquartered in Lowell, Arkansas. Through its operating segments, the company provides freight transportation, logistics and supply-chain services to customers across North America.

Its principal businesses include intermodal transportation, which combines rail and trucking; dedicated contract services, which provides customized transportation and fleet-management solutions; and integrated capacity solutions, which matches customer freight with available transportation capacity.

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