Citigroup Cuts J B Hunt Transport Services (JBHT) Price Target to $120.00

J B Hunt Transport Services (NASDAQ:JBHT) had its target price lowered by equities research analysts at Citigroup from $125.00 to $120.00 in a report issued on Friday. The brokerage currently has a “neutral” rating on the transportation company’s stock. Citigroup’s price objective would indicate a potential upside of 9.08% from the stock’s current price.

A number of other brokerages have also commented on JBHT. ValuEngine upgraded J B Hunt Transport Services from a “hold” rating to a “buy” rating in a research report on Tuesday, September 11th. BidaskClub upgraded J B Hunt Transport Services from a “sell” rating to a “hold” rating in a research report on Wednesday, September 12th. Zacks Investment Research upgraded J B Hunt Transport Services from a “hold” rating to a “buy” rating and set a $137.00 target price on the stock in a research report on Tuesday, September 18th. Credit Suisse Group upped their target price on J B Hunt Transport Services from $140.00 to $143.00 and gave the company an “outperform” rating in a research report on Tuesday, July 17th. Finally, Cowen upped their target price on J B Hunt Transport Services from $123.00 to $132.00 and gave the company a “market perform” rating in a research report on Tuesday, July 17th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $128.53.

Shares of JBHT traded down $0.89 during mid-day trading on Friday, hitting $110.01. 707,584 shares of the company traded hands, compared to its average volume of 906,977. J B Hunt Transport Services has a 1-year low of $100.78 and a 1-year high of $131.74. The company has a quick ratio of 1.13, a current ratio of 1.11 and a debt-to-equity ratio of 0.39. The company has a market cap of $11.98 billion, a P/E ratio of 29.41, a price-to-earnings-growth ratio of 1.69 and a beta of 0.93.

J B Hunt Transport Services (NASDAQ:JBHT) last issued its earnings results on Monday, October 15th. The transportation company reported $1.47 EPS for the quarter, beating the Zacks’ consensus estimate of $1.40 by $0.07. The firm had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.22 billion. J B Hunt Transport Services had a return on equity of 27.71% and a net margin of 9.49%. J B Hunt Transport Services’s revenue for the quarter was up 19.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.91 earnings per share. On average, research analysts anticipate that J B Hunt Transport Services will post 5.41 EPS for the current fiscal year.

In other J B Hunt Transport Services news, EVP Terrence D. Matthews sold 5,163 shares of the company’s stock in a transaction that occurred on Wednesday, August 8th. The stock was sold at an average price of $122.11, for a total value of $630,453.93. Following the sale, the executive vice president now owns 23,810 shares in the company, valued at approximately $2,907,439.10. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 4.20% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the business. Cambridge Investment Research Advisors Inc. boosted its position in J B Hunt Transport Services by 2.7% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 17,967 shares of the transportation company’s stock worth $2,184,000 after purchasing an additional 469 shares in the last quarter. Cookson Peirce & Co. Inc. boosted its position in J B Hunt Transport Services by 27.5% in the 2nd quarter. Cookson Peirce & Co. Inc. now owns 2,600 shares of the transportation company’s stock worth $316,000 after purchasing an additional 560 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in J B Hunt Transport Services by 186.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 915 shares of the transportation company’s stock worth $111,000 after purchasing an additional 596 shares in the last quarter. CIBC Asset Management Inc boosted its position in J B Hunt Transport Services by 3.8% in the 2nd quarter. CIBC Asset Management Inc now owns 17,225 shares of the transportation company’s stock worth $2,094,000 after purchasing an additional 634 shares in the last quarter. Finally, State Treasurer State of Michigan boosted its position in J B Hunt Transport Services by 2.8% in the 3rd quarter. State Treasurer State of Michigan now owns 26,076 shares of the transportation company’s stock worth $3,101,000 after purchasing an additional 700 shares in the last quarter. Institutional investors and hedge funds own 73.64% of the company’s stock.

J B Hunt Transport Services Company Profile

J.B. Hunt Transport Services, Inc, together with its subsidiaries, provides surface transportation and delivery services in the continental United States, Canada, and Mexico. It operates through four segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), and Truckload (JBT).

See Also: Earnings Per Share

Analyst Recommendations for J B Hunt Transport Services (NASDAQ:JBHT)

Receive News & Ratings for J B Hunt Transport Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J B Hunt Transport Services and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply