J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target Raised to $200.00 at Raymond James

J.B. Hunt Transport Services (NASDAQ:JBHT) had its target price boosted by Raymond James from $195.00 to $200.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has an “outperform” rating on the transportation company’s stock. Raymond James’ price target points to a potential upside of 14.74% from the stock’s previous close.

Several other equities research analysts have also recently issued reports on the stock. The Goldman Sachs Group decreased their price target on shares of 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. Loop Capital increased their price objective on shares of J.B. Hunt Transport Services from $173.00 to $187.00 and gave the stock a “hold” rating in a report on Thursday, October 17th. Stifel Nicolaus boosted their target price on shares of J.B. Hunt Transport Services from $151.00 to $167.00 and gave the company a “hold” rating in a report on Wednesday, October 16th. Evercore ISI increased their price target on shares of J.B. Hunt Transport Services from $183.00 to $185.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Finally, Benchmark reissued a “buy” rating and set a $195.00 price objective on shares of J.B. Hunt Transport Services in a research note on Friday. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, J.B. Hunt Transport Services has an average rating of “Moderate Buy” and an average 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. The company’s stock had a trading volume of 225,987 shares, compared to its average volume of 531,778. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.26. J.B. Hunt Transport Services has a twelve month low of $153.12 and a twelve month high of $219.51. The stock has a market cap of $17.58 billion, a price-to-earnings ratio of 31.69, a P/E/G ratio of 2.86 and a beta of 1.16. The business has a fifty day moving average of $180.91 and a 200-day moving average of $172.93.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings results on Tuesday, October 15th. The transportation company reported $1.49 earnings per share for the quarter, topping analysts’ consensus estimates 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 return on equity of 13.92% and a net margin of 4.65%. During the same period in the previous year, the firm posted $1.80 earnings per share. As a group, equities research analysts anticipate that J.B. Hunt Transport Services will post 5.7 EPS for the current year.

Insider Transactions at J.B. Hunt Transport Services

In other news, EVP Spencer Frazier sold 2,200 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $194.21, for a total transaction of $427,262.00. Following the completion of the transaction, the executive vice president now owns 4,050 shares in the company, valued at approximately $786,550.50. This represents a 35.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Darren P. Field sold 1,500 shares of J.B. Hunt Transport Services stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $183.50, for a total transaction of $275,250.00. Following the completion of the sale, the executive vice president now owns 12,650 shares in the company, valued at approximately $2,321,275. This represents a 10.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 11,459 shares of company stock valued at $2,136,277. Insiders own 2.10% of the company’s stock.

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

A number of hedge funds have recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC grew its holdings in J.B. Hunt Transport Services by 1.2% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 5,097 shares of the transportation company’s stock worth $878,000 after buying an additional 61 shares in the last quarter. Fulton Bank N.A. acquired a new position in J.B. Hunt Transport Services during the 4th quarter worth $357,000. GAMMA Investing LLC grew its stake in shares of J.B. Hunt Transport Services by 23.1% in the fourth quarter. GAMMA Investing LLC now owns 1,023 shares of the transportation company’s stock worth $175,000 after purchasing an additional 192 shares in the last quarter. Versant Capital Management Inc raised its stake in shares of J.B. Hunt Transport Services by 102.2% during the fourth quarter. Versant Capital Management Inc now owns 281 shares of the transportation company’s stock valued at $48,000 after purchasing an additional 142 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in J.B. Hunt Transport Services by 1.8% in the third quarter. Principal Financial Group Inc. now owns 98,725 shares of the transportation company’s stock worth $17,013,000 after purchasing an additional 1,737 shares during the period. Institutional investors 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.