J.B. Hunt Transport Services (NASDAQ:JBHT) Given New $153.00 Price Target at Bank of America

Key Points

• Bank of America lowered its price target for J.B. Hunt Transport Services from $171.00 to $153.00, indicating an 11.65% potential upside from the current stock price.
• J.B. Hunt's most recent earnings report showed a Q2 earnings per share of $1.31, missing estimates by $0.03, with revenues of $2.93 billion meeting expectations.
• Analysts have a mixed outlook, with the average target price for J.B. Hunt currently at $164.14, reflecting a "Moderate Buy" sentiment overall.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) had its price target lowered by analysts at Bank of America from $171.00 to $153.00 in a report released on Tuesday,Benzinga reports. The firm presently has a "buy" rating on the transportation company's stock. Bank of America's target price indicates a potential upside of 11.65% from the stock's current price.

A number of other analysts have also recently commented on JBHT. JPMorgan Chase & Co. lifted their price target on J.B. Hunt Transport Services from $159.00 to $180.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 16th. Stifel Nicolaus decreased their price objective on J.B. Hunt Transport Services from $150.00 to $145.00 and set a "hold" rating for the company in a report on Wednesday, July 16th. Robert W. Baird initiated coverage on J.B. Hunt Transport Services in a report on Tuesday, July 1st. They issued an "outperform" rating and a $169.00 price objective for the company. Raymond James Financial upped their price target on J.B. Hunt Transport Services from $155.00 to $165.00 and gave the stock an "outperform" rating in a report on Tuesday, July 15th. Finally, Susquehanna upped their price target on J.B. Hunt Transport Services from $155.00 to $157.00 and gave the stock a "neutral" rating in a report on Wednesday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat, J.B. Hunt Transport Services currently has an average rating of "Moderate Buy" and an average target price of $164.14.

J.B. Hunt Transport Services Trading Up 0.5%

Shares of NASDAQ JBHT opened at $137.04 on Tuesday. J.B. Hunt Transport Services has a twelve month low of $122.79 and a twelve month high of $200.40. The business has a fifty day simple moving average of $145.40 and a two-hundred day simple moving average of $143.26. The firm has a market cap of $13.26 billion, a PE ratio of 24.87, a price-to-earnings-growth ratio of 2.12 and a beta of 1.28. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.28.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last announced its earnings results on Tuesday, July 15th. The transportation company reported $1.31 earnings per share for the quarter, missing the consensus estimate of $1.34 by ($0.03). J.B. Hunt Transport Services had a return on equity of 14.26% and a net margin of 4.59%.The business had revenue of $2.93 billion for the quarter, compared to analysts' expectations of $2.93 billion. During the same quarter last year, the firm earned $1.32 earnings per share. The firm's quarterly revenue was up .0% compared to the same quarter last year. Analysts expect that J.B. Hunt Transport Services will post 6.37 earnings per share for the current fiscal year.

Insider Buying and Selling at J.B. Hunt Transport Services

In other news, EVP David Keefauver sold 989 shares of the stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $151.97, for a total value of $150,298.33. Following the sale, the executive vice president directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Eric Mcgee purchased 1,148 shares of the business's stock in a transaction on Monday, August 4th. The stock was acquired at an average price of $140.76 per share, for a total transaction of $161,592.48. Following the completion of the purchase, the executive vice president owned 7,397 shares of the company's stock, valued at $1,041,201.72. This represents a 18.37% increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.30% of the stock is currently owned by company insiders.

Institutional Trading of J.B. Hunt Transport Services

A number of hedge funds and other institutional investors have recently bought and sold shares of JBHT. Summit Securities Group LLC raised its stake in J.B. Hunt Transport Services by 19,600.0% in the first quarter. Summit Securities Group LLC now owns 197 shares of the transportation company's stock valued at $29,000 after buying an additional 196 shares in the last quarter. Private Trust Co. NA grew its holdings in shares of J.B. Hunt Transport Services by 57.8% during the second quarter. Private Trust Co. NA now owns 202 shares of the transportation company's stock worth $29,000 after purchasing an additional 74 shares during the last quarter. CYBER HORNET ETFs LLC purchased a new position in shares of J.B. Hunt Transport Services during the second quarter worth about $31,000. Assetmark Inc. grew its holdings in shares of J.B. Hunt Transport Services by 418.6% during the second quarter. Assetmark Inc. now owns 223 shares of the transportation company's stock worth $32,000 after purchasing an additional 180 shares during the last quarter. Finally, MUFG Securities EMEA plc purchased a new position in shares of J.B. Hunt Transport Services during the second quarter worth about $34,000. 74.95% of the stock is currently owned by institutional investors and hedge funds.

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.

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