J.B. Hunt Transport Services (NASDAQ:JBHT) Stock Price Expected to Rise, Barclays Analyst Says

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) had its price objective raised by analysts at Barclays from $135.00 to $145.00 in a research note issued on Thursday,Benzinga reports. The firm currently has an "equal weight" rating on the transportation company's stock. Barclays's target price points to a potential downside of 5.58% from the stock's current price.

A number of other equities research analysts have also recently weighed in on JBHT. Morgan Stanley reduced their price objective on J.B. Hunt Transport Services from $160.00 to $155.00 and set an "equal weight" rating for the company in a research note on Monday, July 7th. Truist Financial boosted their price objective on J.B. Hunt Transport Services from $130.00 to $140.00 and gave the company a "hold" rating in a research note on Monday, June 30th. Robert W. Baird initiated coverage on J.B. Hunt Transport Services in a research note on Tuesday, July 1st. They issued an "outperform" rating and a $169.00 price objective for the company. Wells Fargo & Company reduced their price objective on J.B. Hunt Transport Services from $170.00 to $150.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Finally, JPMorgan Chase & Co. boosted their price objective on J.B. Hunt Transport Services from $150.00 to $159.00 and gave the company an "overweight" rating in a research note on Tuesday, July 8th. Ten investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, J.B. Hunt Transport Services presently has an average rating of "Moderate Buy" and a consensus price target of $163.43.

J.B. Hunt Transport Services Stock Down 0.7%

JBHT stock traded down $1.09 during trading on Thursday, hitting $153.57. 884,745 shares of the company's stock were exchanged, compared to its average volume of 999,435. The business has a 50-day moving average price of $142.98 and a two-hundred day moving average price of $151.79. The stock has a market capitalization of $15.23 billion, a price-to-earnings ratio of 27.87, a PEG ratio of 2.19 and a beta of 1.29. 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 current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.23.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last posted its earnings results on Tuesday, April 15th. The transportation company reported $1.17 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.02. J.B. Hunt Transport Services had a return on equity of 14.07% and a net margin of 4.65%. The firm had revenue of $2.92 billion during the quarter, compared to analysts' expectations of $2.92 billion. As a group, equities research analysts expect that J.B. Hunt Transport Services will post 6.37 EPS for the current year.

Insiders Place Their Bets

In other news, COO Nicholas Hobbs bought 1,529 shares of the stock in a transaction on Wednesday, April 23rd. The shares were bought at an average price of $130.75 per share, with a total value of $199,916.75. Following the completion of the acquisition, the chief operating officer owned 91,847 shares of the company's stock, valued at approximately $12,008,995.25. This trade represents a 1.69% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.30% of the stock is owned by corporate insiders.

Institutional Trading of J.B. Hunt Transport Services

Several large investors have recently bought and sold shares of the company. Farther Finance Advisors LLC grew its holdings in J.B. Hunt Transport Services by 38.6% in the second quarter. Farther Finance Advisors LLC now owns 316 shares of the transportation company's stock valued at $45,000 after purchasing an additional 88 shares during the last quarter. UMB Bank n.a. grew its holdings in J.B. Hunt Transport Services by 85.9% in the second quarter. UMB Bank n.a. now owns 526 shares of the transportation company's stock valued at $76,000 after purchasing an additional 243 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in J.B. Hunt Transport Services by 222.1% in the second quarter. Assenagon Asset Management S.A. now owns 21,914 shares of the transportation company's stock valued at $3,147,000 after purchasing an additional 15,111 shares during the last quarter. NorthCrest Asset Manangement LLC acquired a new stake in J.B. Hunt Transport Services in the second quarter valued at $207,000. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in J.B. Hunt Transport Services by 281.2% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 25,147 shares of the transportation company's stock valued at $3,844,000 after purchasing an additional 18,551 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.