Susquehanna Has Lowered Expectations for J.B. Hunt Transport Services (NASDAQ:JBHT) Stock Price

Key Points

• Susquehanna has revised its price target for J.B. Hunt Transport Services from $157.00 to $145.00, maintaining a "neutral" rating, which suggests a potential upside of 10.35% from the current stock price.
• J.B. Hunt's stock recently closed at $131.41, down 0.4%, and analysts expect the company to report an EPS of 6.37 for the current year.
• A mix of analysts have issued varying price targets, with a consensus rating of "Moderate Buy" and an average price target of $163.57, reflecting divided expectations for the stock's performance.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) had its price target reduced by equities researchers at Susquehanna from $157.00 to $145.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has a "neutral" rating on the transportation company's stock. Susquehanna's price objective would indicate a potential upside of 10.35% from the company's current price.

A number of other equities research analysts have also recently issued reports on the stock. Morgan Stanley decreased their price objective on shares of J.B. Hunt Transport Services from $160.00 to $155.00 and set an "equal weight" rating for the company in a report on Monday, July 7th. Truist Financial upped their price objective on shares of J.B. Hunt Transport Services from $140.00 to $145.00 and gave the stock a "hold" rating in a report on Wednesday, July 16th. JPMorgan Chase & Co. boosted their target price on shares of 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. Barclays boosted their target price on shares of J.B. Hunt Transport Services from $135.00 to $145.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 10th. Finally, The Goldman Sachs Group set a $164.00 target price on shares of J.B. Hunt Transport Services in a research report on Tuesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $163.57.

J.B. Hunt Transport Services Stock Down 0.4%

NASDAQ:JBHT traded down $0.58 during trading hours on Wednesday, reaching $131.41. The company's stock had a trading volume of 152,535 shares, compared to its average volume of 1,126,862. The company has a market cap of $12.72 billion, a price-to-earnings ratio of 23.97, a price-to-earnings-growth ratio of 2.04 and a beta of 1.28. J.B. Hunt Transport Services has a one year low of $122.79 and a one year high of $200.40. The business's 50-day moving average is $143.15 and its 200-day moving average is $142.28. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.87 and a quick ratio of 0.87.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last issued its quarterly earnings data on Tuesday, July 15th. The transportation company reported $1.31 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.34 by ($0.03). The business had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.93 billion. J.B. Hunt Transport Services had a return on equity of 14.26% and a net margin of 4.59%.The company's revenue for the quarter was up .0% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.32 earnings per share. Equities research analysts predict that J.B. Hunt Transport Services will post 6.37 EPS for the current year.

Insider Activity at J.B. Hunt Transport Services

In other news, EVP David Keefauver sold 989 shares of the firm's stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $151.97, for a total transaction of $150,298.33. Following the completion of the sale, the executive vice president owned 946 shares of the company's stock, valued at approximately $143,763.62. This trade represents a 51.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Eric Mcgee acquired 1,148 shares of the company's 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 acquisition, the executive vice president owned 7,397 shares of the company's stock, valued at approximately $1,041,201.72. This represents a 18.37% increase in their position. The disclosure for this purchase can be found here. Company insiders own 2.30% of the company's stock.

Institutional Trading of J.B. Hunt Transport Services

A number of hedge funds and other institutional investors have recently modified their holdings of JBHT. Private Trust Co. NA boosted its stake in J.B. Hunt Transport Services by 57.8% in the second quarter. Private Trust Co. NA now owns 202 shares of the transportation company's stock valued at $29,000 after acquiring an additional 74 shares during the last quarter. Exchange Traded Concepts LLC boosted its position in shares of J.B. Hunt Transport Services by 13.2% during the first quarter. Exchange Traded Concepts LLC now owns 731 shares of the transportation company's stock worth $108,000 after purchasing an additional 85 shares in the last quarter. Farther Finance Advisors LLC boosted its position in shares of J.B. Hunt Transport Services by 38.6% during the second quarter. Farther Finance Advisors LLC now owns 316 shares of the transportation company's stock worth $45,000 after purchasing an additional 88 shares in the last quarter. Forsta AP Fonden boosted its position in shares of J.B. Hunt Transport Services by 0.7% during the second quarter. Forsta AP Fonden now owns 14,600 shares of the transportation company's stock worth $2,097,000 after purchasing an additional 100 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of J.B. Hunt Transport Services by 21.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 583 shares of the transportation company's stock worth $84,000 after purchasing an additional 101 shares in 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.