JPMorgan Chase & Co. Cuts J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target to $150.00

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) had its price target lowered by equities research analysts at JPMorgan Chase & Co. from $167.00 to $150.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has an "overweight" rating on the transportation company's stock. JPMorgan Chase & Co.'s target price indicates a potential upside of 18.00% from the stock's current price.

Several other brokerages also recently commented on JBHT. Truist Financial initiated coverage on J.B. Hunt Transport Services in a research note on Thursday, March 13th. They set a "hold" rating and a $165.00 target price for the company. UBS Group dropped their price objective on shares of J.B. Hunt Transport Services from $196.00 to $155.00 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. TD Cowen reduced their target price on shares of J.B. Hunt Transport Services from $160.00 to $140.00 and set a "hold" rating for the company in a report on Wednesday, April 16th. Deutsche Bank Aktiengesellschaft started coverage on shares of J.B. Hunt Transport Services in a report on Friday, March 7th. They issued a "hold" rating and a $167.00 price target on the stock. Finally, Evercore ISI cut their price objective on shares of J.B. Hunt Transport Services from $207.00 to $202.00 and set an "outperform" rating for the company in a research report on Friday, January 17th. Ten equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $162.20.

J.B. Hunt Transport Services Stock Performance

JBHT stock traded down $2.11 during trading hours on Wednesday, reaching $127.12. The stock had a trading volume of 1,564,520 shares, compared to its average volume of 939,502. The stock has a 50-day simple moving average of $150.62 and a 200 day simple moving average of $168.08. J.B. Hunt Transport Services has a fifty-two week low of $122.79 and a fifty-two week high of $200.40. The stock has a market capitalization of $12.71 billion, a PE ratio of 22.86, a price-to-earnings-growth ratio of 1.61 and a beta of 1.27. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.03 and a quick ratio of 0.94.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last issued its earnings results on Tuesday, April 15th. The transportation company reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.15 by $0.02. J.B. Hunt Transport Services had a net margin of 4.72% and a return on equity of 14.05%. The business had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.92 billion. Analysts predict that J.B. Hunt Transport Services will post 6.37 EPS for the current fiscal year.

Insider Transactions at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, Director James K. Thompson sold 4,400 shares of the firm's stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $175.37, for a total value of $771,628.00. Following the sale, the director now owns 23,559 shares in the company, valued at $4,131,541.83. This trade represents a 15.74 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Darren P. Field sold 1,200 shares of the company's stock in a transaction on Friday, March 7th. The stock was sold at an average price of $161.67, for a total transaction of $194,004.00. Following the transaction, the executive vice president now owns 17,822 shares of the company's stock, valued at $2,881,282.74. This trade represents a 6.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.30% of the stock is owned by insiders.

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

Several hedge funds have recently modified their holdings of JBHT. National Pension Service bought a new stake in shares of J.B. Hunt Transport Services during the fourth quarter worth about $30,000. BankPlus Trust Department acquired a new position in shares of J.B. Hunt Transport Services in the 4th quarter worth approximately $34,000. Versant Capital Management Inc boosted its stake in shares of J.B. Hunt Transport Services by 102.2% in the 4th quarter. Versant Capital Management Inc now owns 281 shares of the transportation company's stock valued at $48,000 after purchasing an additional 142 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in shares of J.B. Hunt Transport Services by 68.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 329 shares of the transportation company's stock worth $56,000 after buying an additional 134 shares during the period. Finally, Smartleaf Asset Management LLC raised its stake in J.B. Hunt Transport Services by 33.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 340 shares of the transportation company's stock worth $58,000 after buying an additional 86 shares during the last quarter. Institutional investors and hedge funds own 74.95% of the company's stock.

J.B. Hunt Transport Services Company Profile

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.