J.B. Hunt Transport Services (NASDAQ:JBHT) Earns Market Outperform Rating from Citizens Jmp

J.B. Hunt Transport Services (NASDAQ:JBHT)‘s stock had its “market outperform” rating reiterated by analysts at Citizens Jmp in a research note issued on Friday, Benzinga reports. They presently have a $300.00 price objective on the transportation company’s stock. Citizens Jmp‘s price target indicates a potential upside of 32.02% from the company’s current price.

Several other brokerages have also commented on JBHT. Bank of America cut their target price on J.B. Hunt Transport Services from $340.00 to $302.00 and set a “buy” rating on the stock in a research report on Wednesday, September 16th. JPMorgan Chase & Co. lowered their price objective on J.B. Hunt Transport Services from $313.00 to $287.00 and set an “overweight” rating for the company in a research note on Monday, October 5th. Wall Street Zen lowered J.B. Hunt Transport Services from a “buy” rating to a “hold” rating in a report on Monday, September 21st. BMO Capital Markets set a $315.00 price target on J.B. Hunt Transport Services in a report on Wednesday, October 7th. Finally, The Goldman Sachs Group set a $261.00 price objective on J.B. Hunt Transport Services in a research note on Thursday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, J.B. Hunt Transport Services has an average rating of “Moderate Buy” and a consensus target price of $273.76.

J.B. Hunt Transport Services Stock Performance

Shares of JBHT stock opened at $227.24 on Friday. The business’s 50-day moving average price is $250.07 and its 200-day moving average price is $259.61. J.B. Hunt Transport Services has a 12 month low of $157.82 and a 12 month high of $299.76. The firm has a market capitalization of $21.34 billion, a price-to-earnings ratio of 31.92, a PEG ratio of 1.85 and a beta of 1.31. The company has a current ratio of 1.23, a quick ratio of 1.26 and a debt-to-equity ratio of 0.31.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings results on Thursday, October 15th. The transportation company reported $1.82 EPS for the quarter, beating analysts’ consensus estimates of $1.81 by $0.01. J.B. Hunt Transport Services had a return on equity of 18.72% and a net margin of 5.07%. The firm had revenue of $3.68 billion for the quarter, compared to analyst estimates of $3.59 billion. During the same quarter in the previous year, the company posted $1.76 EPS. The business’s revenue was up 20.4% on a year-over-year basis. Equities research analysts forecast that J.B. Hunt Transport Services will post 7.28 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. BlackRock Inc. purchased a new stake in shares of J.B. Hunt Transport Services in the 2nd quarter worth approximately $1,833,602,000. Jupiter Topco LLC bought a new position in J.B. Hunt Transport Services in the 2nd quarter valued at approximately $891,349,000. Janus Henderson Group PLC lifted its position in J.B. Hunt Transport Services by 1.1% in the 1st quarter. Janus Henderson Group PLC now owns 3,982,720 shares of the transportation company’s stock valued at $843,937,000 after acquiring an additional 41,887 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of J.B. Hunt Transport Services by 64.7% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,056,398 shares of the transportation company’s stock valued at $305,753,000 after buying an additional 414,837 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC bought a new position in shares of J.B. Hunt Transport Services during the 2nd quarter valued at $287,581,000. Hedge funds and other institutional investors own 74.95% of the company’s stock.

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 his wife, Nellie, the company has grown into a major provider of freight transportation services across North America.

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