JPMorgan Chase & Co. Cuts J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target to $287.00

Key Points

• JPMorgan lowered J.B. Hunt’s price target from $313 to $287 while maintaining an “overweight” rating, implying 24.87% upside from the prior close.
• Analyst sentiment remains broadly positive, with a MarketBeat consensus rating of “Moderate Buy” and an average target price of $280.83.
• J.B. Hunt shares fell 1.9% to $229.83 in Monday trading, despite the company recently exceeding quarterly earnings and revenue expectations.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) had its price objective decreased by investment analysts at JPMorgan Chase & Co. from $313.00 to $287.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage presently has an "overweight" rating on the transportation company's stock. JPMorgan Chase & Co.'s target price would indicate a potential upside of 24.87% from the stock's previous close.

JBHT has been the topic of a number of other reports. Raymond James Financial dropped their price target on shares of J.B. Hunt Transport Services from $315.00 to $300.00 and set an "outperform" rating on the stock in a research note on Thursday, September 17th. Robert W. Baird reduced their price objective on J.B. Hunt Transport Services from $320.00 to $290.00 and set an "outperform" rating for the company in a research report on Thursday, September 17th. Barclays dropped their target price on J.B. Hunt Transport Services from $300.00 to $285.00 and set an "equal weight" rating on the stock in a research report on Wednesday, September 16th. Truist Financial lifted their price target on J.B. Hunt Transport Services from $280.00 to $295.00 and gave the company a "hold" rating in a report on Thursday, July 16th. Finally, Stephens increased their price objective on J.B. Hunt Transport Services from $360.00 to $370.00 and gave the stock an "overweight" rating in a report on Thursday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, J.B. Hunt Transport Services has an average rating of "Moderate Buy" and an average target price of $280.83.

J.B. Hunt Transport Services Stock Down 1.9%

J.B. Hunt Transport Services stock traded down $4.37 during mid-day trading on Monday, hitting $229.83. The company's stock had a trading volume of 289,259 shares, compared to its average volume of 1,014,889. J.B. Hunt Transport Services has a 52-week low of $136.46 and a 52-week high of $299.76. The company has a market cap of $21.59 billion, a PE ratio of 32.49, a price-to-earnings-growth ratio of 1.88 and a beta of 1.31. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.26 and a quick ratio of 1.26. The firm's 50 day moving average is $260.43 and its 200 day moving average is $257.62.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last posted its quarterly earnings results on Wednesday, July 15th. The transportation company reported $1.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.71 by $0.20. J.B. Hunt Transport Services had a net margin of 5.31% and a return on equity of 18.75%. The business had revenue of $3.50 billion during the quarter, compared to analyst estimates of $3.26 billion. During the same period in the prior year, the firm earned $1.31 earnings per share. The firm's revenue was up 19.4% compared to the same quarter last year. On average, analysts anticipate that J.B. Hunt Transport Services will post 7.58 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of JBHT. BlackRock Inc. bought a new stake in shares of J.B. Hunt Transport Services in the second quarter valued at about $1,833,602,000. Jupiter Topco LLC acquired a new position in J.B. Hunt Transport Services in the 2nd quarter valued at approximately $891,349,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of J.B. Hunt Transport Services during the 2nd quarter worth approximately $287,581,000. Park Presidio Capital LLC bought a new stake in shares of J.B. Hunt Transport Services during the second quarter valued at approximately $218,096,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of J.B. Hunt Transport Services during the second quarter valued at approximately $187,701,000. 74.95% of the stock is currently owned by institutional investors and hedge funds.

About J.B. Hunt Transport Services

J.B. Hunt Transport Services, Inc is a transportation and logistics company headquartered in Lowell, Arkansas. Founded in 1961 by Johnnie Bryan Hunt and Johnelle Hunt, the company has grown from a small trucking operation into a major provider of freight transportation and supply-chain services across North America.

The company's primary business activities include intermodal transportation, which combines rail and truck services; dedicated contract services, which provides customized fleet and delivery operations for individual customers; and integrated capacity solutions, including freight brokerage and third-party logistics.

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