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

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) had its price objective upped by analysts at Susquehanna from $155.00 to $157.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has a "neutral" rating on the transportation company's stock. Susquehanna's price objective would suggest a potential upside of 5.45% from the company's previous close.

A number of other equities research analysts have also weighed in on the company. Truist Financial boosted their price objective on J.B. Hunt Transport Services from $130.00 to $140.00 and gave the stock a "hold" rating in a research report on Monday, June 30th. Citigroup boosted their price objective on J.B. Hunt Transport Services from $156.00 to $175.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. TD Cowen reduced their price objective on J.B. Hunt Transport Services from $160.00 to $140.00 and set a "hold" rating on the stock in a research report on Wednesday, April 16th. Bank of America boosted their price objective on J.B. Hunt Transport Services from $166.00 to $171.00 and gave the stock a "buy" rating in a research report on Thursday, July 10th. Finally, Morgan Stanley reduced their price objective on J.B. Hunt Transport Services from $160.00 to $155.00 and set an "equal weight" rating on the stock in a research report on Monday, July 7th. Ten equities research 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, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $164.90.

J.B. Hunt Transport Services Price Performance

J.B. Hunt Transport Services stock traded down $3.80 during mid-day trading on Wednesday, reaching $148.89. 1,636,621 shares of the company were exchanged, compared to its average volume of 997,412. The company has a fifty day simple moving average of $144.65 and a 200-day simple moving average of $151.36. J.B. Hunt Transport Services has a 12 month low of $122.79 and a 12 month high of $200.40. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.87 and a quick ratio of 0.89. The firm has a market cap of $14.77 billion, a PE ratio of 27.07, a PEG ratio of 2.31 and a beta of 1.29.

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

Insider Activity

In other news, COO Nicholas Hobbs acquired 1,529 shares of J.B. Hunt Transport Services stock in a transaction on Wednesday, April 23rd. The stock was acquired at an average cost 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 in the company, 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 accessible through this hyperlink. 2.30% of the stock is currently owned by corporate insiders.

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

Several institutional investors have recently made changes to their positions in the stock. Raymond James Financial Inc. purchased a new stake in shares of J.B. Hunt Transport Services in the fourth quarter worth $6,030,000. Sequoia Financial Advisors LLC bought a new stake in shares of J.B. Hunt Transport Services in the fourth quarter worth about $210,000. EverSource Wealth Advisors LLC boosted its position in J.B. Hunt Transport Services by 68.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 329 shares of the transportation company's stock valued at $56,000 after acquiring an additional 134 shares in the last quarter. Avantax Advisory Services Inc. boosted its position in J.B. Hunt Transport Services by 4.1% during the 4th quarter. Avantax Advisory Services Inc. now owns 4,320 shares of the transportation company's stock valued at $737,000 after acquiring an additional 172 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of J.B. Hunt Transport Services during the fourth quarter valued at approximately $1,701,000. 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.