J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Stock Has Average Price Target of $284.17 According to Analysts

Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) have received a consensus rating of “Moderate Buy” from the twenty-six research firms that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation, fifteen have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $282.50.

Several brokerages have issued reports on JBHT. Benchmark upped their price objective on J.B. Hunt Transport Services from $250.00 to $300.00 and gave the company a “buy” rating in a research note on Friday, June 26th. Zacks Research lowered J.B. Hunt Transport Services from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 14th. Weiss Ratings downgraded J.B. Hunt Transport Services from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, September 1st. Truist Financial upped their price target on J.B. Hunt Transport Services from $280.00 to $295.00 and gave the company a “hold” rating in a research report on Thursday, July 16th. Finally, Citigroup raised shares of J.B. Hunt Transport Services from a “market perform” rating to an “outperform” rating in a report on Thursday, September 17th.

J.B. Hunt Transport Services Price Performance

Shares of JBHT stock opened at $234.20 on Wednesday. The firm has a market cap of $22.00 billion, a P/E ratio of 33.17, a P/E/G ratio of 1.82 and a beta of 1.31. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.26 and a quick ratio of 1.26. J.B. Hunt Transport Services has a 1-year low of $134.53 and a 1-year high of $299.76. The firm has a fifty day moving average of $260.43 and a two-hundred day moving average of $257.24.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings results on Wednesday, July 15th. The transportation company reported $1.91 EPS for the quarter, topping the consensus estimate of $1.71 by $0.20. The business had revenue of $3.50 billion for the quarter, compared to analysts’ expectations of $3.26 billion. J.B. Hunt Transport Services had a net margin of 5.31% and a return on equity of 18.75%. The company’s quarterly revenue was up 19.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.31 earnings per share. As a group, research analysts anticipate that J.B. Hunt Transport Services will post 7.58 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 21st. Shareholders of record on Friday, August 7th were issued a $0.45 dividend. The ex-dividend date of this dividend was Friday, August 7th. This represents a $1.80 dividend on an annualized basis and a yield of 0.8%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is currently 25.50%.

Institutional Trading of J.B. Hunt Transport Services

A number of institutional investors and hedge funds have recently made changes to their positions in JBHT. BlackRock Inc. acquired a new stake in J.B. Hunt Transport Services in the second quarter worth $1,833,602,000. HighTower Advisors LLC boosted its holdings in shares of J.B. Hunt Transport Services by 71.7% during the fourth quarter. HighTower Advisors LLC now owns 9,684 shares of the transportation company’s stock valued at $1,882,000 after acquiring an additional 4,043 shares during the period. Bank of America Corp DE grew its position in shares of J.B. Hunt Transport Services by 2.4% during the first quarter. Bank of America Corp DE now owns 454,610 shares of the transportation company’s stock worth $96,332,000 after acquiring an additional 10,664 shares during the last quarter. Norges Bank bought a new position in shares of J.B. Hunt Transport Services during the fourth quarter worth about $200,587,000. Finally, Impact Partnership Wealth LLC acquired a new stake in shares of J.B. Hunt Transport Services in the 1st quarter worth about $1,054,000. 74.95% of the stock is currently owned by institutional investors and hedge funds.

About J.B. Hunt Transport Services

J.B. Hunt Transport Services, Inc is a transportation and logistics company headquartered in Lowell, Arkansas. Founded in 1961 by Johnnie Bryan Hunt and Johnelle Hunt, the company has grown from a small trucking operation into a major provider of freight transportation and supply-chain services across North America.

The company’s primary business activities include intermodal transportation, which combines rail and truck services; dedicated contract services, which provides customized fleet and delivery operations for individual customers; and integrated capacity solutions, including freight brokerage and third-party logistics.