J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target Raised to $182.00

J.B. Hunt Transport Services (NASDAQ:JBHT) had its price target boosted by TD Cowen from $160.00 to $182.00 in a research report sent to investors on Wednesday, Marketbeat reports. They currently have a hold rating on the transportation company’s stock.

Several other analysts have also recently commented on JBHT. Citigroup began coverage on shares of J.B. Hunt Transport Services in a research report on Wednesday, October 9th. They set a “buy” rating and a $201.00 target price for the company. BMO Capital Markets reissued an “outperform” rating and issued a $195.00 target price on shares of J.B. Hunt Transport Services in a research note on Tuesday, September 24th. Morgan Stanley decreased their target price on J.B. Hunt Transport Services from $162.00 to $160.00 and set an “equal weight” rating for the company in a research report on Monday, July 8th. Evercore ISI cut their price target on shares of J.B. Hunt Transport Services from $185.00 to $183.00 and set an “outperform” rating on the stock in a research report on Thursday, October 3rd. Finally, Stifel Nicolaus lowered their target price on shares of J.B. Hunt Transport Services from $173.00 to $151.00 and set a “hold” rating for the company in a research note on Tuesday, July 23rd. Seven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $187.56.

J.B. Hunt Transport Services Price Performance

J.B. Hunt Transport Services stock opened at $176.87 on Wednesday. The stock has a market cap of $18.25 billion, a price-to-earnings ratio of 28.07, a P/E/G ratio of 2.84 and a beta of 1.15. J.B. Hunt Transport Services has a 12-month low of $153.12 and a 12-month high of $219.51. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.36. The business’s 50-day simple moving average is $170.75 and its 200 day simple moving average is $167.69.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings results on Tuesday, October 15th. The transportation company reported $1.49 EPS for the quarter, topping the consensus estimate of $1.42 by $0.07. The company had revenue of $3.07 billion during the quarter, compared to analysts’ expectations of $3.04 billion. J.B. Hunt Transport Services had a net margin of 4.90% and a return on equity of 14.77%. During the same quarter in the previous year, the company earned $1.80 EPS. As a group, research analysts anticipate that J.B. Hunt Transport Services will post 5.6 earnings per share for the current year.

Insider Buying and Selling

In other J.B. Hunt Transport Services news, EVP Darren P. Field sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $175.03, for a total transaction of $525,090.00. Following the completion of the transaction, the executive vice president now owns 14,150 shares of the company’s stock, valued at $2,476,674.50. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 2.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Silvercrest Asset Management Group LLC boosted its position in shares of J.B. Hunt Transport Services by 24.5% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 29,302 shares of the transportation company’s stock worth $5,838,000 after acquiring an additional 5,767 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of J.B. Hunt Transport Services by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 9,769,777 shares of the transportation company’s stock valued at $1,946,628,000 after acquiring an additional 25,109 shares during the last quarter. Jennison Associates LLC boosted its holdings in shares of J.B. Hunt Transport Services by 11.2% during the 1st quarter. Jennison Associates LLC now owns 197,809 shares of the transportation company’s stock valued at $39,413,000 after acquiring an additional 19,987 shares in the last quarter. CWM LLC grew its position in J.B. Hunt Transport Services by 119.5% during the 3rd quarter. CWM LLC now owns 7,858 shares of the transportation company’s stock worth $1,354,000 after acquiring an additional 4,278 shares during the last quarter. Finally, FORA Capital LLC increased its holdings in J.B. Hunt Transport Services by 215.2% in the 1st quarter. FORA Capital LLC now owns 14,867 shares of the transportation company’s stock worth $2,962,000 after purchasing an additional 10,150 shares in the last quarter. 74.95% of the stock is currently owned by institutional investors.

About J.B. Hunt Transport Services

J.B. Hunt Transport Services, Inc provides surface transportation, delivery, and logistic services in the United States. It operates through five segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), Final Mile Services (FMS), and Truckload (JBT). The JBI segment offers intermodal freight solutions.