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

Key Points

• TD Cowen has raised the target price for J.B. Hunt Transport Services from $140.00 to $152.00, indicating a potential upside of 9.49% from the last closing price.
• Analyst ratings for the company show a consensus of Moderate Buy, with one Strong Buy, ten Buy, and twelve Hold ratings.
• J.B. Hunt reported a quarterly revenue of $3.05 billion, surpassing analyst estimates and demonstrating an earnings per share of $1.76, which exceeded expectations by $0.30.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) had its target price increased by TD Cowen from $140.00 to $152.00 in a note issued to investors on Thursday, Marketbeat Ratings reports. The firm currently has a "hold" rating on the transportation company's stock. TD Cowen's price objective points to a potential upside of 9.49% from the company's previous close.

JBHT has been the subject of several other research reports. Barclays lowered their price objective on shares of 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. Susquehanna dropped their price objective on shares of J.B. Hunt Transport Services from $157.00 to $145.00 and set a "neutral" rating on the stock in a report on Wednesday, September 24th. Citigroup dropped their price objective on shares of J.B. Hunt Transport Services from $170.00 to $163.00 and set a "buy" rating on the stock in a report on Monday. Robert W. Baird began coverage on J.B. Hunt Transport Services in a research report on Tuesday, July 1st. They set an "outperform" rating and a $169.00 price target on the stock. Finally, Stifel Nicolaus decreased their price objective on shares of J.B. Hunt Transport Services from $145.00 to $140.00 and set a "hold" rating on the stock in a research report on Friday, October 3rd. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat.com, J.B. Hunt Transport Services has a consensus rating of "Moderate Buy" and an average target price of $162.81.

J.B. Hunt Transport Services Stock Performance

NASDAQ JBHT opened at $138.83 on Thursday. The firm 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. The firm's fifty day moving average price is $140.05 and its two-hundred day moving average price is $140.89. J.B. Hunt Transport Services has a 1 year low of $122.79 and a 1 year high of $200.40. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.28.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last released its quarterly earnings results on Wednesday, October 15th. The transportation company reported $1.76 EPS for the quarter, topping analysts' consensus estimates of $1.46 by $0.30. The business had revenue of $3.05 billion for the quarter, compared to analyst estimates of $3.02 billion. J.B. Hunt Transport Services had a net margin of 4.59% and a return on equity of 14.26%. J.B. Hunt Transport Services's revenue for the quarter was down .5% compared to the same quarter last year. During the same period last year, the firm earned $1.49 earnings per share. As a group, research analysts anticipate that J.B. Hunt Transport Services will post 6.37 EPS for the current year.

Insider Transactions at J.B. Hunt Transport Services

In related news, EVP Eric Mcgee acquired 1,148 shares of the stock in a transaction dated Monday, August 4th. The shares were purchased at an average cost of $140.76 per share, with a total value of $161,592.48. Following the transaction, the executive vice president directly owned 7,397 shares in the company, valued at approximately $1,041,201.72. This represents a 18.37% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP David Keefauver sold 989 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Wednesday, July 23rd. The shares were 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 $143,763.62. This trade represents a 51.11% decrease in their position. 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

Hedge funds have recently made changes to their positions in the stock. AQR Capital Management LLC increased its position in J.B. Hunt Transport Services by 411.5% during the 2nd quarter. AQR Capital Management LLC now owns 1,799,843 shares of the transportation company's stock valued at $258,457,000 after buying an additional 1,447,993 shares in the last quarter. Norges Bank acquired a new stake in shares of J.B. Hunt Transport Services in the second quarter valued at approximately $91,094,000. JPMorgan Chase & Co. increased its stake in J.B. Hunt Transport Services by 14.6% during the first quarter. JPMorgan Chase & Co. now owns 4,853,092 shares of the transportation company's stock worth $718,015,000 after acquiring an additional 616,986 shares during the last quarter. Park Presidio Capital LLC grew its stake in shares of J.B. Hunt Transport Services by 149.5% in the second quarter. Park Presidio Capital LLC now owns 670,873 shares of the transportation company's stock valued at $96,337,000 after buying an additional 401,937 shares in the last quarter. Finally, First Trust Advisors LP grew its stake in shares of J.B. Hunt Transport Services by 178.9% in the second quarter. First Trust Advisors LP now owns 428,704 shares of the transportation company's stock valued at $61,562,000 after buying an additional 275,017 shares in the last quarter. 74.95% of the stock is currently owned by hedge funds and other institutional investors.

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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