Buckingham Research Lowers J B Hunt Transport Services (NASDAQ:JBHT) Price Target to $130.00

J B Hunt Transport Services (NASDAQ:JBHT) had its target price cut by equities researchers at Buckingham Research from $132.00 to $130.00 in a research note issued on Tuesday, April 2nd, BenzingaRatingsTable reports. The brokerage currently has a “buy” rating on the transportation company’s stock. Buckingham Research’s target price would suggest a potential upside of 31.98% from the stock’s current price.

A number of other equities research analysts have also commented on JBHT. BidaskClub upgraded J B Hunt Transport Services from a “strong sell” rating to a “sell” rating in a research report on Wednesday, February 20th. Deutsche Bank set a $125.00 price target on J B Hunt Transport Services and gave the stock a “buy” rating in a research report on Thursday, February 14th. Zacks Investment Research upgraded J B Hunt Transport Services from a “hold” rating to a “buy” rating and set a $122.00 price objective on the stock in a research report on Tuesday, February 5th. Stifel Nicolaus set a $113.00 price objective on J B Hunt Transport Services and gave the company a “hold” rating in a research report on Friday, January 18th. Finally, UBS Group decreased their price objective on J B Hunt Transport Services from $145.00 to $124.00 and set a “buy” rating on the stock in a research report on Tuesday, December 4th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $115.89.

J B Hunt Transport Services stock traded up $0.51 during trading hours on Tuesday, hitting $98.50. The stock had a trading volume of 1,059,988 shares, compared to its average volume of 1,061,479. The company has a quick ratio of 1.10, a current ratio of 1.44 and a debt-to-equity ratio of 0.58. The stock has a market cap of $10.57 billion, a price-to-earnings ratio of 17.37, a price-to-earnings-growth ratio of 1.41 and a beta of 1.13. J B Hunt Transport Services has a fifty-two week low of $88.38 and a fifty-two week high of $131.74.

J B Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings results on Monday, April 15th. The transportation company reported $1.09 EPS for the quarter, missing the consensus estimate of $1.25 by ($0.16). J B Hunt Transport Services had a net margin of 5.61% and a return on equity of 29.84%. The firm had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.17 billion. During the same period last year, the company earned $1.07 EPS. The company’s revenue was up 7.3% on a year-over-year basis. On average, analysts expect that J B Hunt Transport Services will post 5.73 earnings per share for the current fiscal year.

In other J B Hunt Transport Services news, CFO David G. Mee sold 2,886 shares of J B Hunt Transport Services stock in a transaction dated Monday, February 11th. The stock was sold at an average price of $109.06, for a total value of $314,747.16. Following the sale, the chief financial officer now owns 110,500 shares of the company’s stock, valued at approximately $12,051,130. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Alfred C. Harper sold 7,100 shares of J B Hunt Transport Services stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $105.87, for a total value of $751,677.00. Following the completion of the sale, the chief operating officer now directly owns 16,756 shares in the company, valued at approximately $1,773,957.72. The disclosure for this sale can be found here. Insiders have sold a total of 12,986 shares of company stock worth $1,402,544 in the last ninety days. 3.60% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. CWM LLC increased its position in shares of J B Hunt Transport Services by 59.5% in the fourth quarter. CWM LLC now owns 276 shares of the transportation company’s stock valued at $26,000 after acquiring an additional 103 shares during the last quarter. Parallel Advisors LLC increased its position in shares of J B Hunt Transport Services by 72.6% in the fourth quarter. Parallel Advisors LLC now owns 302 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 127 shares during the last quarter. Somerset Trust Co increased its position in shares of J B Hunt Transport Services by 169.1% in the first quarter. Somerset Trust Co now owns 296 shares of the transportation company’s stock valued at $30,000 after acquiring an additional 186 shares during the last quarter. CSat Investment Advisory L.P. increased its position in shares of J B Hunt Transport Services by 116.0% in the fourth quarter. CSat Investment Advisory L.P. now owns 337 shares of the transportation company’s stock valued at $31,000 after acquiring an additional 181 shares during the last quarter. Finally, Exane Asset Management acquired a new stake in shares of J B Hunt Transport Services in the fourth quarter valued at about $41,000. 72.46% 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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