J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target Raised to $220.00

by · The Cerbat Gem

J.B. Hunt Transport Services (NASDAQ:JBHT – Get Free Report) had its price target boosted by investment analysts at Benchmark from $212.00 to $220.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the transportation company’s stock. Benchmark’s price target suggests a potential upside of 8.90% from the stock’s previous close.

Other equities research analysts have also issued reports about the company. Barclays upped their price target on J.B. Hunt Transport Services from $150.00 to $200.00 and gave the company an “equal weight” rating in a research report on Thursday, January 15th. Wolfe Research reissued an “outperform” rating and set a $214.00 target price on shares of J.B. Hunt Transport Services in a report on Thursday, January 8th. Bank of America raised their price target on shares of J.B. Hunt Transport Services from $153.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, October 16th. Citigroup downgraded shares of J.B. Hunt Transport Services from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $175.00 to $221.00 in a research report on Wednesday, January 7th. Finally, Sanford C. Bernstein increased their price objective on shares of J.B. Hunt Transport Services from $158.00 to $195.00 and gave the stock a “market perform” rating in a research note on Friday, January 9th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and twelve have issued a Hold rating to the company’s stock. According to MarketBeat, J.B. Hunt Transport Services has an average rating of “Moderate Buy” and an average price target of $200.05.

Read Our Latest Analysis on JBHT

J.B. Hunt Transport Services Stock Down 1.2%

JBHT stock traded down $2.37 during mid-day trading on Tuesday, hitting $202.01. 75,156 shares of the company were exchanged, compared to its average volume of 1,014,778. The firm has a fifty day simple moving average of $188.96 and a 200 day simple moving average of $162.32. The company has a market capitalization of $19.24 billion, a PE ratio of 32.97, a price-to-earnings-growth ratio of 1.73 and a beta of 1.27. J.B. Hunt Transport Services has a twelve month low of $122.79 and a twelve month high of $209.53. The company has a current ratio of 0.83, a quick ratio of 0.87 and a debt-to-equity ratio of 0.22.

J.B. Hunt Transport Services (NASDAQ:JBHT – Get Free Report) last issued its earnings results on Thursday, January 15th. The transportation company reported $1.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.81 by $0.09. The business had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.10 billion. J.B. Hunt Transport Services had a net margin of 4.99% and a return on equity of 16.33%. The company’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.53 EPS. On average, research analysts forecast that J.B. Hunt Transport Services will post 6.37 earnings per share for the current fiscal year.

J.B. Hunt Transport Services declared that its board has initiated a share repurchase plan on Wednesday, October 22nd that permits the company to buyback $0.00 in shares. This buyback authorization permits the transportation company to purchase shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its stock is undervalued.

Insider Transactions at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, EVP Darren P. Field sold 6,500 shares of the company’s stock in a transaction dated Wednesday, October 29th. The shares were sold at an average price of $169.00, for a total value of $1,098,500.00. Following the completion of the transaction, the executive vice president owned 12,976 shares in the company, valued at approximately $2,192,944. This represents a 33.37% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO John Kuhlow sold 3,225 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $179.76, for a total value of $579,726.00. Following the sale, the chief accounting officer directly owned 13,095 shares in the company, valued at approximately $2,353,957.20. This trade represents a 19.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 15,109 shares of company stock worth $2,688,970 in the last quarter. 2.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in JBHT. Root Financial Partners LLC acquired a new position in shares of J.B. Hunt Transport Services during the third quarter valued at $25,000. Cromwell Holdings LLC grew its position in J.B. Hunt Transport Services by 52.2% in the 3rd quarter. Cromwell Holdings LLC now owns 207 shares of the transportation company’s stock valued at $28,000 after buying an additional 71 shares in the last quarter. Private Trust Co. NA increased its stake in J.B. Hunt Transport Services by 57.8% during the 2nd quarter. Private Trust Co. NA now owns 202 shares of the transportation company’s stock valued at $29,000 after buying an additional 74 shares during the period. Parkside Financial Bank & Trust raised its position in shares of J.B. Hunt Transport Services by 41.5% during the 3rd quarter. Parkside Financial Bank & Trust now owns 225 shares of the transportation company’s stock worth $30,000 after buying an additional 66 shares in the last quarter. Finally, Hantz Financial Services Inc. raised its position in shares of J.B. Hunt Transport Services by 52.8% during the 3rd quarter. Hantz Financial Services Inc. now owns 220 shares of the transportation company’s stock worth $30,000 after buying an additional 76 shares in the last quarter. Institutional investors and hedge funds own 74.95% of the company’s stock.

About J.B. Hunt Transport Services

(Get Free Report)

J.B. Hunt Transport Services, Inc is a leading provider of transportation and logistics solutions headquartered in Lowell, Arkansas. The company offers a comprehensive suite of services designed to move freight efficiently across North America, including intermodal, dedicated contract services, full truckload, less-than-truckload (LTL), final mile delivery and specialized transport.

In its intermodal segment, J.B. Hunt leverages a network of rail and truck assets to transport containers and trailers on major U.S.

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