J B Hunt Transport Services (NASDAQ:JBHT) Given a $88.00 Price Target at Morgan Stanley

Morgan Stanley set a $88.00 target price on J B Hunt Transport Services (NASDAQ:JBHT) in a research note published on Monday, Stock Target Advisor reports. The brokerage currently has a hold rating on the transportation company’s stock.

Several other research firms have also recently issued reports on JBHT. BidaskClub upgraded Zai Lab from a buy rating to a strong-buy rating in a research report on Friday, June 28th. Argus boosted their target price on QUALCOMM to $95.00 and gave the stock a buy rating in a research report on Wednesday, April 17th. Bank of America cut NIO from a neutral rating to an underperform rating and dropped their target price for the stock from $6.20 to $3.00 in a research report on Tuesday, May 28th. Buckingham Research dropped their target price on Werner Enterprises from $43.00 to $42.00 and set a buy rating on the stock in a research report on Tuesday, April 2nd. Finally, ValuEngine cut Zosano Pharma from a buy rating to a hold rating in a research report on Wednesday, May 1st. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of Hold and an average target price of $109.00.

NASDAQ JBHT traded up $0.13 on Monday, hitting $87.76. 1,387,484 shares of the company’s stock were exchanged, compared to its average volume of 1,072,224. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.58. The firm has a 50-day moving average price of $89.05. J B Hunt Transport Services has a fifty-two week low of $83.64 and a fifty-two week high of $129.98. The stock has a market cap of $9.66 billion, a price-to-earnings ratio of 15.48, a price-to-earnings-growth ratio of 1.07 and a beta of 1.11.



J B Hunt Transport Services (NASDAQ:JBHT) last released its earnings results on Monday, April 15th. The transportation company reported $1.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.25 by ($0.16). J B Hunt Transport Services had a return on equity of 29.84% and a net margin of 5.61%. The business had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.17 billion. During the same quarter in the previous year, the firm posted $1.07 EPS. The business’s revenue for the quarter was up 7.3% on a year-over-year basis. As a group, equities analysts expect that J B Hunt Transport Services will post 5.68 EPS for the current year.

In other news, insider John N. Roberts purchased 2,319 shares of the stock in a transaction that occurred on Tuesday, May 28th. The shares were acquired at an average price of $86.23 per share, for a total transaction of $199,967.37. Following the acquisition, the insider now directly owns 288,739 shares in the company, valued at approximately $24,897,963.97. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Gary Charles George purchased 5,000 shares of the stock in a transaction that occurred on Friday, May 3rd. The stock was purchased at an average price of $94.52 per share, for a total transaction of $472,600.00. Following the acquisition, the director now owns 43,369 shares in the company, valued at $4,099,237.88. The disclosure for this purchase can be found here. Corporate insiders own 3.60% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in JBHT. Dalton Greiner Hartman Maher & Co. lifted its stake in shares of J B Hunt Transport Services by 269.8% during the 2nd quarter. Dalton Greiner Hartman Maher & Co. now owns 12,111 shares of the transportation company’s stock worth $1,107,000 after purchasing an additional 8,836 shares during the period. DNB Asset Management AS lifted its stake in shares of J B Hunt Transport Services by 20.5% during the 2nd quarter. DNB Asset Management AS now owns 14,794 shares of the transportation company’s stock worth $1,352,000 after purchasing an additional 2,514 shares during the period. Private Trust Co. NA lifted its stake in shares of J B Hunt Transport Services by 5.3% during the 2nd quarter. Private Trust Co. NA now owns 6,148 shares of the transportation company’s stock worth $561,000 after purchasing an additional 309 shares during the period. First Trust Advisors LP lifted its stake in shares of J B Hunt Transport Services by 11.3% during the 1st quarter. First Trust Advisors LP now owns 116,458 shares of the transportation company’s stock worth $11,796,000 after purchasing an additional 11,812 shares during the period. Finally, FMR LLC lifted its stake in shares of J B Hunt Transport Services by 60.7% during the 1st quarter. FMR LLC now owns 4,049,886 shares of the transportation company’s stock worth $410,212,000 after purchasing an additional 1,529,785 shares during the period. Institutional investors and hedge funds own 72.94% of the company’s stock.

About J B Hunt Transport Services

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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