J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Stock Has Consensus Target Price of $273.76

Key Points

• Analysts maintain a “Moderate Buy” consensus on J.B. Hunt, with 14 buy ratings, 10 holds, one sell and one strong buy among 26 brokerages. The average 12-month price target is $273.76.
• J.B. Hunt exceeded quarterly expectations, reporting $1.82 in EPS versus the $1.81 consensus and $3.68 billion in revenue versus $3.59 billion expected; revenue increased 20.4% year over year.
• The company declared a quarterly dividend of $0.45 per share, equivalent to $1.80 annually and a 0.8% yield, while institutional investors own approximately 74.95% of its stock.

Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Get Free Report) have earned a consensus rating of "Moderate Buy" from the twenty-six brokerages that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $273.76.

JBHT has been the subject of several analyst reports. Wells Fargo & Company decreased their target price on J.B. Hunt Transport Services from $305.00 to $285.00 and set an "overweight" rating for the company in a research report on Friday, October 16th. Citizens Jmp reaffirmed a "market outperform" rating and issued a $300.00 price target on shares of J.B. Hunt Transport Services in a research note on Friday, October 16th. Truist Financial cut their price target on shares of J.B. Hunt Transport Services from $295.00 to $235.00 and set a "hold" rating on the stock in a research report on Wednesday, October 7th. Raymond James Financial set a $283.00 price objective on shares of J.B. Hunt Transport Services in a research note on Friday, October 16th. Finally, BMO Capital Markets set a $315.00 price target on J.B. Hunt Transport Services in a report on Wednesday, October 7th.

J.B. Hunt Transport Services Stock Performance

Shares of J.B. Hunt Transport Services stock opened at $226.03 on Friday. The firm has a fifty day moving average of $247.02 and a two-hundred day moving average of $259.58. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.26 and a current ratio of 1.23. The stock has a market capitalization of $21.23 billion, a price-to-earnings ratio of 31.75, a PEG ratio of 1.88 and a beta of 1.31. J.B. Hunt Transport Services has a 52 week low of $157.82 and a 52 week high of $299.76.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last posted its quarterly earnings results on Thursday, October 15th. The transportation company reported $1.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.81 by $0.01. The business had revenue of $3.68 billion for the quarter, compared to analyst estimates of $3.59 billion. J.B. Hunt Transport Services had a return on equity of 18.72% and a net margin of 5.07%. The firm's revenue was up 20.4% on a year-over-year basis. During the same period last year, the company earned $1.76 EPS. As a group, equities research analysts predict that J.B. Hunt Transport Services will post 7.23 EPS for the current year.

J.B. Hunt Transport Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 20th. Stockholders of record on Friday, November 6th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Friday, November 6th. J.B. Hunt Transport Services's dividend payout ratio is currently 25.28%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in JBHT. BlackRock Inc. bought a new position in shares of J.B. Hunt Transport Services in the second quarter valued at $1,833,602,000. Jupiter Topco LLC acquired a new stake in shares of J.B. Hunt Transport Services in the second quarter valued at approximately $891,349,000. Barrow Hanley Mewhinney & Strauss LLC bought a new position in shares of J.B. Hunt Transport Services during the 2nd quarter worth approximately $287,581,000. Park Presidio Capital LLC bought a new position in shares of J.B. Hunt Transport Services during the 2nd quarter worth approximately $218,096,000. Finally, Bank of New York Mellon Corp bought a new position in shares of J.B. Hunt Transport Services during the 2nd quarter worth approximately $187,701,000. Institutional investors and hedge funds own 74.95% of the company's stock.

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 his wife, Nellie, the company has grown into a major provider of freight transportation services across North America.

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

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