Morgan Stanley Cuts J B Hunt Transport Services (JBHT) Price Target to $95.00

J B Hunt Transport Services (NASDAQ:JBHT) had its target price reduced by stock analysts at Morgan Stanley from $105.00 to $95.00 in a research report issued on Tuesday, April 16th, Stock Target Advisor reports. The firm currently has an “equal weight” rating on the transportation company’s stock. Morgan Stanley’s target price indicates a potential downside of 0.06% from the stock’s current price.

Several other analysts also recently weighed in on JBHT. Credit Suisse Group cut their price target on J B Hunt Transport Services from $148.00 to $121.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 15th. Cowen reiterated a “market perform” rating and set a $122.00 target price (down from $129.00) on shares of J B Hunt Transport Services in a research note on Friday, January 18th. Stifel Nicolaus set a $113.00 target price on J B Hunt Transport Services and gave the company a “hold” rating in a research note on Friday, January 18th. Zacks Investment Research upgraded J B Hunt Transport Services from a “hold” rating to a “buy” rating and set a $119.00 target price on the stock in a research note on Wednesday, January 23rd. Finally, Deutsche Bank set a $125.00 target price on J B Hunt Transport Services and gave the company a “buy” rating in a research note on Thursday, February 14th. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $115.89.

Shares of J B Hunt Transport Services stock traded down $0.34 during midday trading on Tuesday, hitting $95.06. The company had a trading volume of 792,359 shares, compared to its average volume of 1,447,857. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $10.34 billion, a P/E ratio of 16.77, a PEG ratio of 1.12 and a beta of 1.08. J B Hunt Transport Services has a 52-week low of $88.38 and a 52-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 earnings per share for the quarter, missing the consensus estimate of $1.25 by ($0.16). The company had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.17 billion. J B Hunt Transport Services had a return on equity of 29.84% and a net margin of 5.61%. The business’s quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.07 EPS. As a group, equities analysts expect that J B Hunt Transport Services will post 5.69 EPS for the current year.

In other news, Director Gary Charles George purchased 5,000 shares of the company’s stock in a transaction dated Friday, May 3rd. The shares were purchased at an average cost of $94.52 per share, for a total transaction of $472,600.00. Following the purchase, the director now directly owns 43,369 shares in the company, valued at approximately $4,099,237.88. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Nicholas Hobbs sold 3,000 shares of the firm’s stock in a transaction on Thursday, February 21st. The stock was sold at an average price of $112.04, for a total value of $336,120.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,986 shares of company stock worth $1,402,544. Company insiders own 3.60% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. FTB Advisors Inc. bought a new position in J B Hunt Transport Services in the 1st quarter worth $25,000. CWM LLC raised its holdings in J B Hunt Transport Services by 59.5% in the 4th quarter. CWM LLC now owns 276 shares of the transportation company’s stock worth $26,000 after purchasing an additional 103 shares during the period. Somerset Trust Co raised its holdings in J B Hunt Transport Services by 169.1% in the 1st quarter. Somerset Trust Co now owns 296 shares of the transportation company’s stock worth $30,000 after purchasing an additional 186 shares during the period. Parallel Advisors LLC raised its holdings in J B Hunt Transport Services by 72.6% in the 4th quarter. Parallel Advisors LLC now owns 302 shares of the transportation company’s stock worth $28,000 after purchasing an additional 127 shares during the period. Finally, CSat Investment Advisory L.P. raised its holdings in J B Hunt Transport Services by 116.0% in the 4th quarter. CSat Investment Advisory L.P. now owns 337 shares of the transportation company’s stock worth $31,000 after purchasing an additional 181 shares during the period. Hedge funds and other institutional investors own 71.87% of the company’s stock.

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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