J B Hunt Transport Services (NASDAQ:JBHT) PT Set at $124.00 by Stephens

J B Hunt Transport Services (NASDAQ:JBHT) has been assigned a $124.00 price objective by analysts at Stephens in a research report issued on Friday, TipRanks reports. The firm presently has a “buy” rating on the transportation company’s stock. Stephens’ price objective suggests a potential upside of 12.07% from the stock’s previous close.

Several other research analysts have also issued reports on the stock. Credit Suisse Group lowered shares of J B Hunt Transport Services from an “outperform” rating to a “neutral” rating and lifted their price target for the stock from $95.00 to $96.00 in a research report on Thursday, July 11th. Citigroup set a $120.00 price target on shares of J B Hunt Transport Services and gave the stock a “hold” rating in a research report on Thursday, September 12th. Loop Capital lowered shares of J B Hunt Transport Services from a “buy” rating to a “hold” rating in a research report on Wednesday, September 11th. They noted that the move was a valuation call. Morgan Stanley set a $88.00 price target on shares of J B Hunt Transport Services and gave the stock a “hold” rating in a research report on Monday, July 8th. Finally, Susquehanna Bancshares lifted their price target on shares of J B Hunt Transport Services from $110.00 to $114.00 in a research report on Tuesday, July 16th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $108.00.

J B Hunt Transport Services stock traded down $0.39 during mid-day trading on Friday, hitting $110.65. The company’s stock had a trading volume of 806,222 shares, compared to its average volume of 1,091,488. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.64. The stock has a market capitalization of $11.96 billion, a P/E ratio of 19.51, a P/E/G ratio of 1.37 and a beta of 1.14. J B Hunt Transport Services has a twelve month low of $83.64 and a twelve month high of $122.16. The stock’s fifty day moving average price is $106.80 and its two-hundred day moving average price is $98.77.

J B Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings results on Monday, July 15th. The transportation company reported $1.23 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.35 by ($0.12). The business had revenue of $2.26 billion during the quarter, compared to analyst estimates of $2.26 billion. J B Hunt Transport Services had a return on equity of 29.35% and a net margin of 5.33%. The company’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.37 EPS. Equities analysts expect that J B Hunt Transport Services will post 5.51 earnings per share for the current year.

In related news, EVP Darren P. Field sold 1,200 shares of the firm’s stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of $99.07, for a total value of $118,884.00. Following the completion of the transaction, the executive vice president now owns 8,144 shares of the company’s stock, valued at approximately $806,826.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Earl Wayne Garrison sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $111.29, for a total transaction of $5,564,500.00. Following the completion of the transaction, the director now directly owns 1,608,958 shares of the company’s stock, valued at approximately $179,060,935.82. The disclosure for this sale can be found here. Insiders sold a total of 83,126 shares of company stock valued at $8,971,721 in the last ninety days. Company insiders own 3.60% of the company’s stock.

Several large investors have recently modified their holdings of JBHT. FTB Advisors Inc. boosted its stake in shares of J B Hunt Transport Services by 49.2% during the 2nd quarter. FTB Advisors Inc. now owns 373 shares of the transportation company’s stock valued at $34,000 after buying an additional 123 shares during the period. Thor Advisors LLC acquired a new stake in shares of J B Hunt Transport Services during the 1st quarter valued at $35,000. Cullen Frost Bankers Inc. acquired a new stake in shares of J B Hunt Transport Services during the 2nd quarter valued at $46,000. CWM LLC boosted its stake in shares of J B Hunt Transport Services by 122.0% during the 2nd quarter. CWM LLC now owns 637 shares of the transportation company’s stock valued at $58,000 after buying an additional 350 shares during the period. Finally, CSat Investment Advisory L.P. boosted its stake in shares of J B Hunt Transport Services by 99.1% during the 2nd quarter. CSat Investment Advisory L.P. now owns 639 shares of the transportation company’s stock valued at $58,000 after buying an additional 318 shares during the period. 73.79% of the stock is owned by institutional investors.

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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