J B Hunt Transport Services (NASDAQ:JBHT) Rating Lowered to Neutral at Credit Suisse Group

Credit Suisse Group lowered shares of J B Hunt Transport Services (NASDAQ:JBHT) from an outperform rating to a neutral rating in a research note released on Thursday, BenzingaRatingsTable reports.

Several other equities research analysts have also weighed in on JBHT. Zacks Investment Research raised Hanmi Financial from a sell rating to a hold rating in a research report on Thursday, June 20th. Argus raised their price target on QUALCOMM to $95.00 and gave the stock a buy rating in a research note on Wednesday, April 17th. Morgan Stanley set a $36.00 price target on ArcBest and gave the stock a hold rating in a research note on Monday, July 8th. Deutsche Bank downgraded J B Hunt Transport Services from a buy rating to a sell rating and set a $98.51 price target on the stock. in a research note on Wednesday, April 17th. Finally, Stifel Nicolaus upgraded QUALCOMM from a hold rating to a buy rating and raised their price target for the stock from $57.00 to $100.00 in a research note on Tuesday, April 16th. Four equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of $109.00.

JBHT stock opened at $92.94 on Thursday. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.58. The firm has a market cap of $10.11 billion, a price-to-earnings ratio of 16.39, a P/E/G ratio of 1.12 and a beta of 1.11. The firm has a 50-day moving average of $89.00. J B Hunt Transport Services has a 1 year low of $83.64 and a 1 year high of $129.98.

J B Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings results on Monday, April 15th. The transportation company reported $1.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.16). The company had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.17 billion. J B Hunt Transport Services had a net margin of 5.61% and a return on equity of 29.84%. J B Hunt Transport Services’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same period in the prior year, the business earned $1.07 EPS. On average, equities analysts anticipate that J B Hunt Transport Services will post 5.55 earnings per share for the current fiscal year.

In other J B Hunt Transport Services news, insider John N. Roberts purchased 2,319 shares of J B Hunt Transport Services stock in a transaction dated Tuesday, May 28th. The stock was acquired at an average cost of $86.23 per share, with a total value of $199,967.37. Following the acquisition, the insider now directly owns 288,739 shares of the company’s stock, valued at $24,897,963.97. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Gary Charles George purchased 5,000 shares of J B Hunt Transport Services stock in a transaction dated Friday, May 3rd. The stock was acquired at an average cost of $94.52 per share, with a total value of $472,600.00. Following the completion of the acquisition, the director now directly owns 43,369 shares in the company, valued at $4,099,237.88. The disclosure for this purchase can be found here. 3.60% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently bought and sold shares of the company. Horrell Capital Management Inc. raised its holdings in J B Hunt Transport Services by 0.3% during the first quarter. Horrell Capital Management Inc. now owns 51,593 shares of the transportation company’s stock worth $5,226,000 after purchasing an additional 138 shares during the last quarter. Montag & Caldwell LLC grew its holdings in shares of J B Hunt Transport Services by 4.2% during the first quarter. Montag & Caldwell LLC now owns 3,730 shares of the transportation company’s stock valued at $378,000 after purchasing an additional 150 shares during the last quarter. Piedmont Investment Advisors Inc. grew its holdings in shares of J B Hunt Transport Services by 2.1% during the first quarter. Piedmont Investment Advisors Inc. now owns 7,752 shares of the transportation company’s stock valued at $785,000 after purchasing an additional 158 shares during the last quarter. Homrich & Berg grew its holdings in shares of J B Hunt Transport Services by 0.5% during the first quarter. Homrich & Berg now owns 34,081 shares of the transportation company’s stock valued at $3,452,000 after purchasing an additional 167 shares during the last quarter. Finally, Retirement Systems of Alabama grew its holdings in shares of J B Hunt Transport Services by 0.4% during the first quarter. Retirement Systems of Alabama now owns 40,507 shares of the transportation company’s stock valued at $4,103,000 after purchasing an additional 168 shares during the last quarter. 72.91% of the stock is owned by institutional investors and hedge funds.

About J B Hunt Transport Services

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 in four segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), and Truckload (JBT).

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

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