Stephens Trims J B Hunt Transport Services (NASDAQ:JBHT) Target Price to $131.00

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J B Hunt Transport Services (NASDAQ:JBHT) had its target price dropped by stock analysts at Stephens from $133.00 to $131.00 in a research report issued to clients and investors on Tuesday, BenzingaRatingsTable reports. The firm currently has an “overweight” rating on the transportation company’s stock. Stephens’ price objective indicates a potential upside of 14.23% from the company’s current price.

Several other research firms also recently weighed in on JBHT. Sanford C. Bernstein downgraded J B Hunt Transport Services from an “outperform” rating to a “market perform” rating and set a $124.00 target price for the company. in a research report on Sunday, January 5th. BidaskClub downgraded J B Hunt Transport Services from a “hold” rating to a “sell” rating in a research report on Saturday. Goldman Sachs Group downgraded J B Hunt Transport Services from a “buy” rating to a “neutral” rating and set a $115.00 target price for the company. in a research report on Friday, November 1st. Knight Equity cut J B Hunt Transport Services from a “top pick” rating to a “neutral” rating and decreased their price objective for the company from $124.00 to $119.00 in a research note on Tuesday, October 8th. They noted that the move was a valuation call. Finally, Argus reiterated a “hold” rating on shares of J B Hunt Transport Services in a research note on Thursday, October 17th. Three equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and three have given a buy rating to the company. J B Hunt Transport Services presently has a consensus rating of “Hold” and an average target price of $113.42.

NASDAQ JBHT opened at $114.68 on Tuesday. The company has a market cap of $12.22 billion, a P/E ratio of 22.62, a P/E/G ratio of 1.31 and a beta of 1.11. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.43 and a quick ratio of 1.29. The stock has a 50-day moving average of $115.87 and a two-hundred day moving average of $110.00. J B Hunt Transport Services has a 1-year low of $83.64 and a 1-year high of $122.29.

J B Hunt Transport Services (NASDAQ:JBHT) last released its earnings results on Friday, January 17th. The transportation company reported $1.35 earnings per share for the quarter, missing the consensus estimate of $1.52 by ($0.17). The firm had revenue of $2.45 billion during the quarter, compared to analyst estimates of $2.46 billion. J B Hunt Transport Services had a net margin of 5.99% and a return on equity of 25.65%. The business’s revenue was up 5.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.81 earnings per share. On average, analysts anticipate that J B Hunt Transport Services will post 5.82 EPS for the current fiscal year.

In related news, EVP Nicholas Hobbs sold 3,310 shares of the company’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $120.29, for a total transaction of $398,159.90. Following the transaction, the executive vice president now owns 58,209 shares of the company’s stock, valued at $7,001,960.61. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO David G. Mee sold 2,500 shares of the company’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $121.06, for a total value of $302,650.00. Following the transaction, the chief financial officer now directly owns 108,650 shares in the company, valued at approximately $13,153,169. The disclosure for this sale can be found here. In the last quarter, insiders sold 105,810 shares of company stock valued at $12,722,810. 3.60% of the stock is owned by company insiders.

Hedge funds have recently made changes to their positions in the stock. Assenagon Asset Management S.A. grew its holdings in J B Hunt Transport Services by 123.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 46,213 shares of the transportation company’s stock valued at $5,397,000 after purchasing an additional 25,556 shares during the last quarter. Raymond James Trust N.A. lifted its position in J B Hunt Transport Services by 6.2% during the fourth quarter. Raymond James Trust N.A. now owns 2,974 shares of the transportation company’s stock worth $348,000 after buying an additional 174 shares during the period. DNB Asset Management AS lifted its position in J B Hunt Transport Services by 7.6% during the fourth quarter. DNB Asset Management AS now owns 17,435 shares of the transportation company’s stock worth $2,036,000 after buying an additional 1,225 shares during the period. Contravisory Investment Management Inc. purchased a new position in J B Hunt Transport Services during the fourth quarter worth about $381,000. Finally, Man Group plc lifted its position in J B Hunt Transport Services by 12.7% during the third quarter. Man Group plc now owns 56,048 shares of the transportation company’s stock worth $6,201,000 after buying an additional 6,333 shares during the period. 75.33% of the stock is currently owned by hedge funds and other institutional investors.

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

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