Truist Financial Raises J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target to $155.00

Key Points

• Truist Financial has raised its price target for J.B. Hunt Transport Services from $145.00 to $155.00, with a "hold" rating indicating a potential downside of 5.62% from the current stock price.
• Other analysts have varied price targets, with Barclays at $150.00 and Bank of America raising theirs from $153.00 to $175.00, reflecting continued interest in the company.
• J.B. Hunt reported an earnings per share (EPS) of $1.76 for the last quarter, exceeding estimates, though it saw a 0.5% year-over-year decline in revenue.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) had its target price lifted by analysts at Truist Financial from $145.00 to $155.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has a "hold" rating on the transportation company's stock. Truist Financial's price objective indicates a potential downside of 5.62% from the company's current price.

A number of other research analysts have also commented on JBHT. Sanford C. Bernstein set a $172.00 target price on J.B. Hunt Transport Services in a research note on Thursday. Citigroup dropped their price objective on J.B. Hunt Transport Services from $170.00 to $163.00 and set a "buy" rating for the company in a research note on Monday. Robert W. Baird initiated coverage on J.B. Hunt Transport Services in a research note on Tuesday, July 1st. They set an "outperform" rating and a $169.00 price objective for the company. Barclays set a $150.00 price objective on J.B. Hunt Transport Services in a research note on Thursday. Finally, Bank of America increased their price objective on J.B. Hunt Transport Services from $153.00 to $175.00 and gave the stock a "buy" rating in a research note on Thursday. One 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 company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $165.05.

J.B. Hunt Transport Services Stock Performance

Shares of NASDAQ JBHT traded up $25.40 during trading hours on Thursday, reaching $164.23. The stock had a trading volume of 1,997,025 shares, compared to its average volume of 1,152,355. The business's fifty day moving average is $140.05 and its two-hundred day moving average is $140.89. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.87 and a quick ratio of 0.87. The company has a market cap of $15.90 billion, a price-to-earnings ratio of 29.86, a PEG ratio of 2.21 and a beta of 1.24. J.B. Hunt Transport Services has a twelve month low of $122.79 and a twelve month high of $200.40.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last issued its earnings results on Wednesday, October 15th. The transportation company reported $1.76 EPS for the quarter, beating analysts' consensus estimates of $1.46 by $0.30. The business had revenue of $3.05 billion during the quarter, compared to analyst estimates of $3.02 billion. J.B. Hunt Transport Services had a return on equity of 14.26% and a net margin of 4.59%.J.B. Hunt Transport Services's revenue was down .5% on a year-over-year basis. During the same period in the prior year, the company posted $1.49 earnings per share. As a group, 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, EVP David Keefauver sold 989 shares of the firm's stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $151.97, for a total value of $150,298.33. Following the completion of the sale, the executive vice president directly owned 946 shares in the company, valued at approximately $143,763.62. This trade represents a 51.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Eric Mcgee bought 1,148 shares of the stock in a transaction dated Monday, August 4th. The stock was acquired at an average price of $140.76 per share, with a total value of $161,592.48. Following the completion of the purchase, the executive vice president owned 7,397 shares of the company's stock, valued at $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 added to or reduced their stakes in the company. Blue Trust Inc. increased its position in J.B. Hunt Transport Services by 77.7% in the third quarter. Blue Trust Inc. now owns 551 shares of the transportation company's stock worth $74,000 after purchasing an additional 241 shares during the period. CWM LLC increased its position in J.B. Hunt Transport Services by 146.8% in the third quarter. CWM LLC now owns 82,987 shares of the transportation company's stock worth $11,134,000 after purchasing an additional 49,368 shares during the period. Inspire Investing LLC increased its position in J.B. Hunt Transport Services by 6.0% in the third quarter. Inspire Investing LLC now owns 11,868 shares of the transportation company's stock worth $1,592,000 after purchasing an additional 669 shares during the period. Net Worth Advisory Group increased its position in J.B. Hunt Transport Services by 7.6% in the third quarter. Net Worth Advisory Group now owns 1,979 shares of the transportation company's stock worth $266,000 after purchasing an additional 140 shares during the period. Finally, Parcion Private Wealth LLC increased its position in J.B. Hunt Transport Services by 8.0% in the third quarter. Parcion Private Wealth LLC now owns 1,682 shares of the transportation company's stock worth $226,000 after purchasing an additional 124 shares during the period. 74.95% of the stock is currently owned by institutional investors and hedge funds.

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.

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.