J B Hunt Transport Services (NASDAQ:JBHT) had its price objective raised by equities research analysts at Stephens from $107.00 to $110.00 in a report released on Tuesday, The Fly reports. The firm currently has an “overweight” rating on the transportation company’s stock. Stephens’ price objective would indicate a potential upside of 12.51% from the stock’s current price.
A number of other equities analysts have also weighed in on JBHT. Cowen reaffirmed a “market perform” rating and issued a $112.00 price objective (down previously from $122.00) on shares of J B Hunt Transport Services in a research note on Tuesday, April 16th. Barclays dropped their price target on Kansas City Southern from $130.00 to $128.00 and set an “equal weight” rating for the company in a research note on Thursday, April 4th. Credit Suisse Group began coverage on Merck & Co., Inc. in a research note on Thursday, July 11th. They set a “buy” rating and a $95.00 price target for the company. Zacks Investment Research raised Hanmi Financial from a “sell” rating to a “hold” rating in a research note on Thursday, June 20th. Finally, Deutsche Bank set a $81.00 price target on Franco Nevada and gave the company a “hold” rating in a research note on Thursday, July 11th. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $107.13.
JBHT stock opened at $97.77 on Tuesday. J B Hunt Transport Services has a 1-year low of $83.64 and a 1-year high of $127.93. The business has a fifty day simple moving average of $89.61. The company has a quick ratio of 1.44, a current ratio of 1.30 and a debt-to-equity ratio of 0.64. The stock has a market capitalization of $10.63 billion, a PE ratio of 17.24, a P/E/G ratio of 1.18 and a beta of 1.11.
J B Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings data on Monday, July 15th. The transportation company reported $1.23 EPS for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.12). J B Hunt Transport Services had a net margin of 5.33% and a return on equity of 29.35%. The firm had revenue of $2.26 billion for the quarter, compared to analysts’ expectations of $2.26 billion. During the same quarter last year, the company posted $1.37 EPS. The firm’s revenue was up 5.7% compared to the same quarter last year. Analysts expect that J B Hunt Transport Services will post 5.53 EPS for the current year.
In related news, insider John N. Roberts acquired 2,319 shares of the firm’s stock in a transaction on Tuesday, May 28th. The shares were acquired at an average cost of $86.23 per share, for a total transaction of $199,967.37. Following the completion of the transaction, the insider now directly owns 288,739 shares in the company, valued at approximately $24,897,963.97. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Gary Charles George acquired 5,000 shares of the firm’s stock in a transaction on Friday, May 3rd. The shares were bought at an average price of $94.52 per share, for a total transaction of $472,600.00. Following the completion of the transaction, the director now owns 43,369 shares of the company’s stock, valued at $4,099,237.88. The disclosure for this purchase can be found here. Corporate insiders own 3.60% of the company’s stock.
A number of hedge funds have recently modified their holdings of the business. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in J B Hunt Transport Services by 61.4% during the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 19,448 shares of the transportation company’s stock valued at $1,778,000 after purchasing an additional 7,400 shares during the period. CWM Advisors LLC raised its holdings in shares of J B Hunt Transport Services by 19.4% in the second quarter. CWM Advisors LLC now owns 7,735 shares of the transportation company’s stock worth $707,000 after buying an additional 1,259 shares during the period. IFM Investors Pty Ltd raised its holdings in shares of J B Hunt Transport Services by 3.4% in the second quarter. IFM Investors Pty Ltd now owns 6,010 shares of the transportation company’s stock worth $549,000 after buying an additional 196 shares during the period. Raymond James Trust N.A. raised its holdings in shares of J B Hunt Transport Services by 19.0% in the second quarter. Raymond James Trust N.A. now owns 3,308 shares of the transportation company’s stock worth $303,000 after buying an additional 529 shares during the period. Finally, Country Club Trust Company n.a. bought a new position in J B Hunt Transport Services in the second quarter worth approximately $306,000. Institutional investors and hedge funds own 72.91% 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 in four segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), and Truckload (JBT).
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