J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target Raised to $200.00 at Barclays

by · The Markets Daily

J.B. Hunt Transport Services (NASDAQ:JBHT – Get Free Report) had its price target lifted by Barclays from $150.00 to $200.00 in a report released on Thursday,Benzinga reports. The brokerage presently has an “equal weight” rating on the transportation company’s stock. Barclays‘s target price indicates a potential downside of 3.42% from the stock’s current price.

JBHT has been the subject of a number of other reports. Citigroup downgraded J.B. Hunt Transport Services from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $175.00 to $221.00 in a report on Wednesday, January 7th. Robert W. Baird increased their price target on J.B. Hunt Transport Services from $173.00 to $215.00 and gave the company an “outperform” rating in a report on Monday, January 5th. Benchmark boosted their target price on shares of J.B. Hunt Transport Services from $175.00 to $212.00 and gave the stock a “buy” rating in a research report on Thursday, January 8th. Vertical Research cut J.B. Hunt Transport Services from a “strong-buy” rating to a “hold” rating and set a $200.00 price objective on the stock. in a research note on Thursday, January 8th. Finally, Wells Fargo & Company raised their target price on shares of J.B. Hunt Transport Services from $170.00 to $220.00 and gave the stock an “overweight” rating in a report on Tuesday, January 6th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $198.18.

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

J.B. Hunt Transport Services Stock Performance

JBHT traded up $1.28 during trading on Thursday, hitting $207.09. The stock had a trading volume of 315,093 shares, compared to its average volume of 836,094. The firm has a market capitalization of $19.72 billion, a P/E ratio of 35.88, a PEG ratio of 1.74 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 $208.13. The company’s 50-day moving average price is $186.82 and its 200 day moving average price is $161.07. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.87 and a current ratio of 0.87.

J.B. Hunt Transport Services (NASDAQ:JBHT – Get Free Report) last posted its quarterly earnings results on Wednesday, October 15th. The transportation company reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates of $1.46 by $0.30. J.B. Hunt Transport Services had a net margin of 4.75% and a return on equity of 15.16%. The business had revenue of $3.05 billion for the quarter, compared to analysts’ expectations of $3.02 billion. During the same period in the prior year, the company posted $1.49 EPS. The business’s revenue for the quarter was down .5% on a year-over-year basis. On average, equities research analysts forecast that J.B. Hunt Transport Services will post 6.37 EPS for the current fiscal year.

J.B. Hunt Transport Services announced that its Board of Directors has authorized a stock repurchase plan on Wednesday, October 22nd that allows the company to buyback $0.00 in outstanding shares. This buyback authorization allows the transportation company to repurchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its shares are undervalued.

Insider Activity at J.B. Hunt Transport Services

In related news, insider Bradley W. Hicks sold 2,000 shares of the company’s stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $190.04, for a total value of $380,080.00. Following the completion of the sale, the insider owned 30,499 shares in the company, valued at $5,796,029.96. This represents a 6.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Albert Brad Delco sold 1,000 shares of the business’s stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $179.54, for a total transaction of $179,540.00. Following the sale, the chief financial officer directly owned 7,043 shares in the company, valued at $1,264,500.22. This trade represents a 12.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 15,109 shares of company stock valued at $2,688,970. Insiders own 2.30% of the company’s stock.

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

Institutional investors have recently added to or reduced their stakes in the stock. Northwest Wealth Management LLC bought a new position in J.B. Hunt Transport Services in the fourth quarter valued at about $335,000. Advisors Management Group Inc. ADV purchased a new stake in shares of J.B. Hunt Transport Services during the fourth quarter worth about $272,000. Kaufman Rossin Wealth LLC purchased a new position in shares of J.B. Hunt Transport Services during the fourth quarter valued at about $321,000. Pallas Capital Advisors LLC raised its holdings in shares of J.B. Hunt Transport Services by 71.9% during the 4th quarter. Pallas Capital Advisors LLC now owns 12,619 shares of the transportation company’s stock worth $2,452,000 after acquiring an additional 5,280 shares in the last quarter. Finally, Elevatus Welath Management bought a new position in J.B. Hunt Transport Services during the fourth quarter valued at $258,000. 74.95% of the stock is currently owned by institutional investors and hedge funds.

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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