J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target Raised to $157.00

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) had its target price hoisted by stock analysts at Susquehanna from $155.00 to $157.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a "neutral" rating on the transportation company's stock. Susquehanna's price target indicates a potential upside of 3.67% from the company's previous close.

Several other equities research analysts have also recently commented on JBHT. Raymond James Financial increased their price objective on J.B. Hunt Transport Services from $155.00 to $165.00 and gave the company an "outperform" rating in a research report on Tuesday. JPMorgan Chase & Co. raised their price target on J.B. Hunt Transport Services from $159.00 to $180.00 and gave the company an "overweight" rating in a report on Wednesday. Robert W. Baird began coverage on J.B. Hunt Transport Services in a report on Tuesday, July 1st. They issued an "outperform" rating and a $169.00 target price for the company. Morgan Stanley dropped their target price on 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. Finally, 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 report on Monday, June 30th. Ten investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $164.90.

J.B. Hunt Transport Services Stock Up 1.7%

NASDAQ JBHT traded up $2.58 during mid-day trading on Wednesday, hitting $151.44. The company's stock had a trading volume of 2,429,924 shares, compared to its average volume of 1,002,514. The firm has a market capitalization of $15.02 billion, a price-to-earnings ratio of 27.53, a PEG ratio of 2.12 and a beta of 1.29. J.B. Hunt Transport Services has a twelve month low of $122.79 and a twelve month 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. The company's 50 day simple moving average is $144.08 and its 200 day simple moving average is $151.63.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last announced its quarterly earnings data 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). The company 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 net margin of 4.59% and a return on equity of 13.98%. The business's revenue for the quarter was up .0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.32 EPS. Analysts anticipate that J.B. Hunt Transport Services will post 6.37 earnings per share for the current year.

Insider Transactions at J.B. Hunt Transport Services

In related news, COO Nicholas Hobbs purchased 1,529 shares of the company's stock in a transaction that occurred on Wednesday, April 23rd. The shares were purchased at an average price of $130.75 per share, for a total transaction of $199,916.75. Following the transaction, the chief operating officer directly owned 91,847 shares of the company's stock, valued at approximately $12,008,995.25. The trade was a 1.69% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 2.30% of the stock is owned by company insiders.

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

Institutional investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in J.B. Hunt Transport Services by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 10,048,462 shares of the transportation company's stock valued at $1,486,670,000 after buying an additional 195,873 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in J.B. Hunt Transport Services by 14.6% in the 1st quarter. JPMorgan Chase & Co. now owns 4,853,092 shares of the transportation company's stock valued at $718,015,000 after buying an additional 616,986 shares in the last quarter. Janus Henderson Group PLC lifted its stake in J.B. Hunt Transport Services by 0.5% in the 4th quarter. Janus Henderson Group PLC now owns 3,390,200 shares of the transportation company's stock valued at $578,572,000 after buying an additional 15,476 shares in the last quarter. Invesco Ltd. lifted its stake in shares of J.B. Hunt Transport Services by 5.1% during the 4th quarter. Invesco Ltd. now owns 2,124,425 shares of the transportation company's stock worth $362,554,000 after purchasing an additional 104,019 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of J.B. Hunt Transport Services by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 1,997,568 shares of the transportation company's stock worth $340,049,000 after purchasing an additional 8,968 shares during the period. Hedge funds and other institutional investors own 74.95% of the company's stock.

About J.B. Hunt Transport Services

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.