J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) had its price objective boosted by analysts at Bank of America from $153.00 to $175.00 in a report released on Thursday,Benzinga reports. The firm currently has a "buy" rating on the transportation company's stock. Bank of America's price target would indicate a potential upside of 26.05% from the company's current price.
Several other research firms have also recently commented on JBHT. Barclays lowered their target price on J.B. Hunt Transport Services from $145.00 to $135.00 and set an "equal weight" rating for the company in a research note on Thursday, October 2nd. Baird R W raised J.B. Hunt Transport Services to a "strong-buy" rating in a research note on Tuesday, July 1st. Morgan Stanley decreased their price objective on J.B. Hunt Transport Services from $155.00 to $145.00 and set an "equal weight" rating for the company in a research note on Monday, October 6th. Truist Financial lifted their price objective on J.B. Hunt Transport Services from $140.00 to $145.00 and gave the stock a "hold" rating in a research note on Wednesday, July 16th. Finally, Stifel Nicolaus decreased their price objective on J.B. Hunt Transport Services from $145.00 to $140.00 and set a "hold" rating for the company in a research note on Friday, October 3rd. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $161.90.
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J.B. Hunt Transport Services Stock Down 0.4%
NASDAQ JBHT opened at $138.83 on Thursday. The stock has a fifty day moving average of $140.05 and a 200-day moving average of $140.89. The stock has a market capitalization of $13.44 billion, a P/E ratio of 25.24, a price-to-earnings-growth ratio of 2.21 and a beta of 1.24. J.B. Hunt Transport Services has a 52 week low of $122.79 and a 52 week high of $200.40. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.87 and a current ratio of 0.87.
J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last released its earnings results on Wednesday, October 15th. The transportation company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.46 by $0.30. The company had revenue of $3.05 billion during the quarter, compared to analysts' expectations of $3.02 billion. J.B. Hunt Transport Services had a return on equity of 14.26% and a net margin of 4.59%.The business's revenue for the quarter was down .5% on a year-over-year basis. During the same period last year, the firm earned $1.49 EPS. On average, equities research analysts forecast that J.B. Hunt Transport Services will post 6.37 EPS for the current year.
Insider Activity
In other news, EVP Eric Mcgee purchased 1,148 shares of the business's stock in a transaction dated Monday, August 4th. The shares were bought at an average cost of $140.76 per share, for a total transaction of $161,592.48. Following the completion of the acquisition, the executive vice president directly owned 7,397 shares in the company, valued at approximately $1,041,201.72. This trade represents a 18.37% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP David Keefauver sold 989 shares of the business's stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $151.97, for a total value of $150,298.33. Following the completion of the sale, the executive vice president owned 946 shares in the company, valued at approximately $143,763.62. This trade represents a 51.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.30% of the company's stock.
Institutional Trading of J.B. Hunt Transport Services
Institutional investors have recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of J.B. Hunt Transport Services by 13.1% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,467 shares of the transportation company's stock valued at $1,529,000 after purchasing an additional 1,209 shares in the last quarter. Teacher Retirement System of Texas bought a new stake in J.B. Hunt Transport Services during the first quarter worth about $1,746,000. Bessemer Group Inc. raised its holdings in J.B. Hunt Transport Services by 22.4% during the first quarter. Bessemer Group Inc. now owns 656 shares of the transportation company's stock worth $97,000 after acquiring an additional 120 shares in the last quarter. SG Americas Securities LLC raised its holdings in J.B. Hunt Transport Services by 179.8% during the first quarter. SG Americas Securities LLC now owns 3,990 shares of the transportation company's stock worth $590,000 after acquiring an additional 2,564 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in J.B. Hunt Transport Services by 8.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 6,596 shares of the transportation company's stock worth $976,000 after acquiring an additional 494 shares in the last quarter. 74.95% of the stock is currently owned by institutional investors.
About J.B. Hunt Transport Services
(
Get Free Report)
J.B. Hunt Transport Services, Inc provides surface transportation, delivery, and logistic services in the United States. It operates through five segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), Final Mile Services (FMS), and Truckload (JBT). The JBI segment offers intermodal freight solutions.
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