J. B. Hunt (JBHT) Price Target Raised to $135.00

J. B. Hunt (NASDAQ:JBHT) had its price target boosted by Bank of America from $134.00 to $135.00 in a research report issued on Tuesday. The brokerage presently has a “buy” rating on the transportation company’s stock. Bank of America’s price target suggests a potential upside of 14.27% from the stock’s current price.

A number of other equities analysts also recently weighed in on JBHT. Zacks Investment Research downgraded shares of J. B. Hunt from a “hold” rating to a “sell” rating in a research note on Tuesday, December 19th. KeyCorp reaffirmed a “buy” rating and issued a $125.00 target price on shares of J. B. Hunt in a research note on Friday, December 29th. Robert W. Baird reaffirmed a “hold” rating and issued a $120.00 target price on shares of J. B. Hunt in a research note on Friday, December 29th. Stephens reaffirmed a “buy” rating and issued a $115.00 target price on shares of J. B. Hunt in a research note on Thursday, December 28th. Finally, Credit Suisse Group reaffirmed an “outperform” rating and issued a $129.00 target price (up from $111.00) on shares of J. B. Hunt in a research note on Monday, January 8th. One analyst has rated the stock with a sell rating, ten have given a hold rating and ten have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $124.50.

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JBHT stock traded down $1.61 during trading on Tuesday, hitting $118.14. 681,869 shares of the stock traded hands, compared to its average volume of 1,038,937. J. B. Hunt has a one year low of $83.35 and a one year high of $126.49. The company has a market capitalization of $12,377.01, a P/E ratio of 31.52, a P/E/G ratio of 1.69 and a beta of 0.93. The company has a quick ratio of 1.43, a current ratio of 1.45 and a debt-to-equity ratio of 0.59.

J. B. Hunt (NASDAQ:JBHT) last announced its quarterly earnings results on Monday, April 16th. The transportation company reported $1.07 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.07. J. B. Hunt had a net margin of 9.55% and a return on equity of 27.32%. The firm had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.88 billion. During the same period last year, the firm posted $0.92 EPS. The firm’s quarterly revenue was up 19.6% on a year-over-year basis. research analysts expect that J. B. Hunt will post 5.27 earnings per share for the current year.

In related news, Director Johnnie B. Hunt, Jr. sold 2,328 shares of the business’s stock in a transaction that occurred on Friday, March 9th. The shares were sold at an average price of $121.00, for a total transaction of $281,688.00. Following the completion of the sale, the director now directly owns 70,697 shares of the company’s stock, valued at $8,554,337. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Earl Wayne Garrison sold 21,344 shares of the business’s stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $125.79, for a total transaction of $2,684,861.76. The disclosure for this sale can be found here. Insiders own 4.20% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of JBHT. Buckingham Capital Management Inc. raised its stake in shares of J. B. Hunt by 9.6% during the third quarter. Buckingham Capital Management Inc. now owns 5,545 shares of the transportation company’s stock worth $616,000 after buying an additional 485 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in J. B. Hunt by 289.4% during the third quarter. JPMorgan Chase & Co. now owns 89,400 shares of the transportation company’s stock valued at $9,737,000 after purchasing an additional 66,442 shares during the period. Dimensional Fund Advisors LP grew its holdings in J. B. Hunt by 0.4% during the third quarter. Dimensional Fund Advisors LP now owns 449,576 shares of the transportation company’s stock valued at $49,931,000 after purchasing an additional 1,686 shares during the period. Cubist Systematic Strategies LLC grew its holdings in J. B. Hunt by 79.0% during the third quarter. Cubist Systematic Strategies LLC now owns 3,917 shares of the transportation company’s stock valued at $435,000 after purchasing an additional 1,729 shares during the period. Finally, California Public Employees Retirement System grew its holdings in J. B. Hunt by 2.6% during the third quarter. California Public Employees Retirement System now owns 226,184 shares of the transportation company’s stock valued at $25,125,000 after purchasing an additional 5,684 shares during the period. 72.25% of the stock is owned by institutional investors and hedge funds.

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About J. B. Hunt

J.B. Hunt Transport Services, Inc is a surface transportation, delivery, and logistics company in North America. The Company segments include Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS) and Truck (JBT). The Company, through its subsidiaries, provides transportation and delivery services to a range of customers and consumers throughout the continental United States, Canada and Mexico.

Analyst Recommendations for J. B. Hunt (NASDAQ:JBHT)

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