J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target Raised to $263.00

J.B. Hunt Transport Services (NASDAQ:JBHT) had its target price hoisted by Citigroup from $254.00 to $263.00 in a research report report published on Friday morning, MarketBeat Ratings reports. They currently have a neutral rating on the transportation company’s stock.

JBHT has been the topic of a number of other reports. The Goldman Sachs Group set a $261.00 price objective on J.B. Hunt Transport Services in a research report on Thursday, July 16th. Sanford C. Bernstein lowered their price objective on J.B. Hunt Transport Services from $329.00 to $307.00 and set an “outperform” rating for the company in a research note on Wednesday. BMO Capital Markets set a $315.00 target price on J.B. Hunt Transport Services in a report on Wednesday, October 7th. Stephens dropped their target price on J.B. Hunt Transport Services from $330.00 to $325.00 and set an “overweight” rating for the company in a report on Friday. Finally, Benchmark boosted their target price on J.B. Hunt Transport Services from $250.00 to $300.00 and gave the company a “buy” rating in a research report on Friday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $274.12.

J.B. Hunt Transport Services Price Performance

Shares of NASDAQ:JBHT opened at $228.78 on Friday. 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 has a 12 month low of $157.82 and a 12 month high of $299.76. The company has a 50-day moving average price of $251.71 and a 200 day moving average price of $259.44. The company has a market cap of $21.49 billion, a price-to-earnings ratio of 32.13, a PEG ratio of 1.92 and a beta of 1.31.

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, topping the consensus estimate 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 company had revenue of $3.68 billion during the quarter, compared to analyst estimates of $3.59 billion. During the same quarter last year, the business posted $1.76 earnings per share. The firm’s revenue was up 20.4% on a year-over-year basis. As a group, equities research analysts predict that J.B. Hunt Transport Services will post 7.26 earnings per share for the current year.

J.B. Hunt Transport Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 21st. Investors of record on Friday, August 7th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Friday, August 7th. J.B. Hunt Transport Services’s dividend payout ratio is 25.28%.

Institutional Trading of J.B. Hunt Transport Services

Institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in shares of J.B. Hunt Transport Services during the second quarter valued at $1,833,602,000. Bank of America Corp DE grew its holdings in shares of J.B. Hunt Transport Services by 2.4% in the first quarter. Bank of America Corp DE now owns 454,610 shares of the transportation company’s stock worth $96,332,000 after purchasing an additional 10,664 shares during the last quarter. Impact Partnership Wealth LLC purchased a new position in J.B. Hunt Transport Services in the 1st quarter worth about $1,054,000. OP Asset Management Ltd purchased a new position in J.B. Hunt Transport Services in the 1st quarter worth about $1,681,000. Finally, Bank of Nova Scotia increased its stake in J.B. Hunt Transport Services by 45.7% in the 1st quarter. Bank of Nova Scotia now owns 39,514 shares of the transportation company’s stock worth $8,373,000 after buying an additional 12,386 shares during the period. Institutional investors own 74.95% of the company’s stock.

Key J.B. Hunt Transport Services News

Here are the key news stories impacting J.B. Hunt Transport Services this week:

• Positive Sentiment: J.B. Hunt reported third-quarter revenue of $3.68 billion, up 20.4% year over year and above the $3.59 billion consensus estimate. Earnings of $1.82 per share also narrowly exceeded the $1.81 estimate, supported by intermodal growth and stronger pricing. J.B. Hunt Q3 Earnings Beat on Intermodal Growth and Strong Pricing
• Positive Sentiment: Citigroup raised its price target to $263 from $254 while keeping a Neutral rating. Citizens JMP also reaffirmed its Market Outperform rating with a $300 target, and JPMorgan retained an Overweight rating with a $283 target, indicating meaningful long-term upside potential.
• Neutral Sentiment: TD Cowen modestly reduced its price target to $279 from $283. The mixed analyst actions suggest confidence in J.B. Hunt’s growth prospects but less certainty about the near-term earnings trajectory. TD Cowen Adjusts J.B. Hunt Price Target
• Negative Sentiment: Operating expenses increased to $3.43 billion, with fuel, driver and insurance costs squeezing margins. Profit growth lagged revenue growth, making the headline earnings beat less encouraging to investors. JPMorgan also warned that markets may be overestimating how quickly margins can improve. J.B. Hunt Analysts Discuss Margin Recovery
• Negative Sentiment: Separate law-firm announcements concerning investigations into potential investor claims add an overhang, although no findings or liability have been established. Rosen Investor Investigation Announcement

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.