Raymond James Forecasts Strong Price Appreciation for J.B. Hunt Transport Services (NASDAQ:JBHT) Stock

J.B. Hunt Transport Services (NASDAQ:JBHT) had its price objective increased by investment analysts at Raymond James from $195.00 to $200.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has an “outperform” rating on the transportation company’s stock. Raymond James’ price objective indicates a potential upside of 14.74% from the stock’s current price.

Several other research analysts also recently commented on the company. Benchmark reissued a “buy” rating and issued a $195.00 price objective on shares of J.B. Hunt Transport Services in a research note on Friday. Susquehanna upgraded J.B. Hunt Transport Services from a “neutral” rating to a “positive” rating and set a $200.00 price objective on the stock in a research report on Friday, January 3rd. The Goldman Sachs Group lowered their price objective on J.B. Hunt Transport Services from $193.00 to $189.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. Evercore ISI lifted their price target on J.B. Hunt Transport Services from $183.00 to $185.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $195.00 price objective on shares of J.B. Hunt Transport Services in a report on Wednesday, October 16th. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, J.B. Hunt Transport Services currently has an average rating of “Moderate Buy” and a consensus price target of $192.11.

J.B. Hunt Transport Services Price Performance

Shares of JBHT stock traded down $3.52 during trading hours on Friday, hitting $174.31. 225,987 shares of the company’s stock were exchanged, compared to its average volume of 531,778. J.B. Hunt Transport Services has a fifty-two week low of $153.12 and a fifty-two week high of $219.51. The firm has a market cap of $17.58 billion, a P/E ratio of 31.69, a P/E/G ratio of 2.86 and a beta of 1.16. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.26. The firm has a 50 day moving average of $180.91 and a two-hundred day moving average of $172.93.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings data on Tuesday, October 15th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.07. The business had revenue of $3.07 billion for the quarter, compared to the consensus estimate of $3.04 billion. J.B. Hunt Transport Services had a net margin of 4.65% and a return on equity of 13.92%. During the same period last year, the firm posted $1.80 earnings per share. Sell-side analysts forecast that J.B. Hunt Transport Services will post 5.7 EPS for the current year.

Insider Activity at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, EVP Spencer Frazier sold 2,200 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $194.21, for a total transaction of $427,262.00. Following the transaction, the executive vice president now owns 4,050 shares in the company, valued at approximately $786,550.50. The trade was a 35.20 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Darren P. Field sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $183.50, for a total value of $275,250.00. Following the completion of the sale, the executive vice president now directly owns 12,650 shares of the company’s stock, valued at $2,321,275. This represents a 10.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 11,459 shares of company stock valued at $2,136,277 in the last three months. 2.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On J.B. Hunt Transport Services

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Janus Henderson Group PLC increased its holdings in shares of J.B. Hunt Transport Services by 0.7% in the 3rd quarter. Janus Henderson Group PLC now owns 3,374,724 shares of the transportation company’s stock valued at $581,567,000 after purchasing an additional 22,563 shares in the last quarter. State Street Corp increased its holdings in J.B. Hunt Transport Services by 0.6% in the third quarter. State Street Corp now owns 3,289,874 shares of the transportation company’s stock valued at $566,944,000 after buying an additional 19,826 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its position in shares of J.B. Hunt Transport Services by 6.7% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,685,068 shares of the transportation company’s stock valued at $269,611,000 after acquiring an additional 105,500 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in shares of J.B. Hunt Transport Services by 0.4% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,446,351 shares of the transportation company’s stock worth $231,416,000 after acquiring an additional 5,179 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of J.B. Hunt Transport Services by 25.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 953,749 shares of the transportation company’s stock worth $152,589,000 after acquiring an additional 193,684 shares during the period. Institutional investors and hedge funds own 74.95% of the company’s stock.

J.B. Hunt Transport Services Company Profile

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.