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

by · The Markets Daily

J.B. Hunt Transport Services (NASDAQ:JBHT – Free Report) had its price objective boosted by Benchmark from $212.00 to $220.00 in a report published on Tuesday morning,Benzinga reports. The firm currently has a buy rating on the transportation company’s stock.

Other equities research analysts have also recently issued reports about the stock. Susquehanna upgraded shares of J.B. Hunt Transport Services from a “neutral” rating to a “positive” rating and raised their price objective for the stock from $160.00 to $240.00 in a research report on Thursday, January 8th. TD Cowen reissued a “hold” rating on shares of J.B. Hunt Transport Services in a research note on Monday, January 12th. JPMorgan Chase & Co. raised their price target on shares of J.B. Hunt Transport Services from $176.00 to $211.00 and gave the stock an “overweight” rating in a report on Monday, January 12th. BMO Capital Markets reaffirmed an “outperform” rating on shares of J.B. Hunt Transport Services in a research report on Friday, January 16th. Finally, Stephens reiterated an “overweight” rating and issued a $180.00 price objective on shares of J.B. Hunt Transport Services in a research report on Thursday, October 16th. Twelve analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $200.05.

View Our Latest Stock Analysis on J.B. Hunt Transport Services

J.B. Hunt Transport Services Stock Performance

Shares of J.B. Hunt Transport Services stock opened at $210.73 on Tuesday. The business’s 50 day moving average price is $191.37 and its 200 day moving average price is $163.34. The company has a market cap of $20.07 billion, a price-to-earnings ratio of 34.32, a PEG ratio of 1.70 and a beta of 1.27. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.87 and a current ratio of 0.83. J.B. Hunt Transport Services has a one year low of $122.79 and a one year high of $212.00.

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, topping analysts’ consensus estimates of $1.81 by $0.09. J.B. Hunt Transport Services had a return on equity of 16.33% and a net margin of 4.99%.The business had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.10 billion. During the same period last year, the company earned $1.53 EPS. The company’s revenue for the quarter was down 1.6% on a year-over-year basis. On average, research analysts predict that J.B. Hunt Transport Services will post 6.37 EPS for the current year.

J.B. Hunt Transport Services declared that its board has approved a stock buyback program on Wednesday, October 22nd that allows the company to repurchase $0.00 in shares. This repurchase authorization allows the transportation company to reacquire shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling at J.B. Hunt Transport Services

In related news, EVP David Keefauver sold 1,588 shares of the business’s stock in a transaction on Monday, December 8th. The stock was sold at an average price of $189.29, for a total transaction of $300,592.52. Following the completion of the transaction, the executive vice president directly owned 550 shares of the company’s stock, valued at $104,109.50. The trade was a 74.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Nicholas Hobbs sold 3,038 shares of the stock in a transaction dated Tuesday, January 20th. The shares were sold at an average price of $201.97, for a total value of $613,584.86. Following the completion of the sale, the chief operating officer directly owned 90,318 shares in the company, valued at $18,241,526.46. This represents a 3.25% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 18,147 shares of company stock valued at $3,302,555. Insiders own 2.30% of the company’s stock.

Hedge Funds Weigh In On J.B. Hunt Transport Services

A number of institutional investors and hedge funds have recently made changes to their positions in JBHT. Root Financial Partners LLC acquired a new stake in J.B. Hunt Transport Services in the third quarter valued at approximately $25,000. Cromwell Holdings LLC increased its position in shares of 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 purchasing an additional 71 shares during the last quarter. Private Trust Co. NA raised its holdings in shares of J.B. Hunt Transport Services by 57.8% in the 2nd quarter. Private Trust Co. NA now owns 202 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 74 shares in the last quarter. Parkside Financial Bank & Trust raised its holdings in shares of J.B. Hunt Transport Services by 41.5% in the 3rd quarter. Parkside Financial Bank & Trust now owns 225 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 66 shares in the last quarter. Finally, Hantz Financial Services Inc. lifted 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 purchasing an additional 76 shares during the last quarter. 74.95% of the stock is owned by institutional investors and hedge funds.

J.B. Hunt Transport Services Company Profile

(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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