J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target Raised to $180.00 at Susquehanna

J.B. Hunt Transport Services (NASDAQ:JBHT – Get Rating) had its target price hoisted by analysts at Susquehanna from $168.00 to $180.00 in a report released on Thursday, The Fly reports. The brokerage currently has a “neutral” rating on the transportation company’s stock. Susquehanna’s price target suggests a potential downside of 4.81% from the stock’s current price.

Several other research firms have also recently commented on JBHT. Morgan Stanley raised their target price on J.B. Hunt Transport Services from $170.00 to $178.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 11th. Credit Suisse Group raised their target price on J.B. Hunt Transport Services from $185.00 to $186.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 19th. Raymond James raised their target price on J.B. Hunt Transport Services from $190.00 to $195.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 19th. UBS Group raised their target price on J.B. Hunt Transport Services from $155.00 to $162.00 in a research note on Thursday. Finally, StockNews.com initiated coverage on J.B. Hunt Transport Services in a research note on Wednesday, October 12th. They set a “hold” rating for the company. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, J.B. Hunt Transport Services presently has a consensus rating of “Moderate Buy” and a consensus price target of $196.39.

J.B. Hunt Transport Services Price Performance

Shares of JBHT opened at $189.10 on Thursday. J.B. Hunt Transport Services has a 1 year low of $153.92 and a 1 year high of $218.18. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.43 and a quick ratio of 1.43. The company has a market capitalization of $19.58 billion, a price-to-earnings ratio of 19.78, a price-to-earnings-growth ratio of 1.23 and a beta of 1.12. The business has a 50-day moving average of $179.33 and a 200-day moving average of $175.03.

J.B. Hunt Transport Services (NASDAQ:JBHT – Get Rating) last issued its quarterly earnings data on Wednesday, January 18th. The transportation company reported $1.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.46 by ($0.54). J.B. Hunt Transport Services had a return on equity of 30.61% and a net margin of 6.89%. The company had revenue of $3.65 billion for the quarter, compared to the consensus estimate of $3.79 billion. During the same quarter last year, the business earned $2.28 earnings per share. J.B. Hunt Transport Services’s revenue was up 4.4% compared to the same quarter last year. As a group, equities research analysts anticipate that J.B. Hunt Transport Services will post 9.74 earnings per share for the current year.

Insider Activity

In other news, EVP Shelley Simpson sold 7,000 shares of the firm’s stock in a transaction that occurred on Friday, November 11th. The stock was sold at an average price of $186.02, for a total value of $1,302,140.00. Following the transaction, the executive vice president now owns 77,630 shares in the company, valued at $14,440,732.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Spencer Frazier sold 1,000 shares of J.B. Hunt Transport Services stock in a transaction on Monday, November 7th. The stock was sold at an average price of $177.16, for a total transaction of $177,160.00. Following the sale, the executive vice president now directly owns 3,060 shares in the company, valued at $542,109.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Shelley Simpson sold 7,000 shares of J.B. Hunt Transport Services stock in a transaction on Friday, November 11th. The stock was sold at an average price of $186.02, for a total value of $1,302,140.00. Following the sale, the executive vice president now owns 77,630 shares in the company, valued at $14,440,732.60. The disclosure for this sale can be found here. Corporate insiders own 3.10% of the company’s stock.

Institutional Trading of J.B. Hunt Transport Services

A number of hedge funds have recently bought and sold shares of JBHT. Allworth Financial LP raised its stake in shares of J.B. Hunt Transport Services by 141.8% in the fourth quarter. Allworth Financial LP now owns 162 shares of the transportation company’s stock valued at $28,000 after buying an additional 95 shares during the period. Ronald Blue Trust Inc. raised its stake in shares of J.B. Hunt Transport Services by 67.3% in the third quarter. Ronald Blue Trust Inc. now owns 169 shares of the transportation company’s stock valued at $26,000 after buying an additional 68 shares during the period. Private Trust Co. NA bought a new stake in shares of J.B. Hunt Transport Services in the second quarter valued at $32,000. Salem Investment Counselors Inc. raised its stake in shares of J.B. Hunt Transport Services by 69.1% in the second quarter. Salem Investment Counselors Inc. now owns 208 shares of the transportation company’s stock valued at $33,000 after buying an additional 85 shares during the period. Finally, First Horizon Advisors Inc. raised its stake in shares of J.B. Hunt Transport Services by 1,809.1% in the second quarter. First Horizon Advisors Inc. now owns 210 shares of the transportation company’s stock valued at $33,000 after buying an additional 199 shares during the period. 74.93% of the stock is currently owned by institutional investors.

J.B. Hunt Transport Services Company Profile

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J.B. Hunt Transport Services, Inc provides surface transportation, delivery, and logistic services in North America. 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.