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

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

Several other equities research analysts have also recently weighed in on JBHT. Susquehanna increased their price objective on shares of J.B. Hunt Transport Services from $145.00 to $160.00 and gave the stock a “neutral” rating in a research report on Thursday, September 26th. BMO Capital Markets reissued an “outperform” rating and issued a $195.00 price objective on shares of J.B. Hunt Transport Services in a research report on Tuesday, September 24th. Loop Capital cut their target price on J.B. Hunt Transport Services from $177.00 to $173.00 and set a “hold” rating on the stock in a research report on Thursday, July 18th. Morgan Stanley lowered 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 report on Monday, July 8th. Finally, Barclays cut their price target on J.B. Hunt Transport Services from $170.00 to $160.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 17th. Seven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, J.B. Hunt Transport Services has a consensus rating of “Moderate Buy” and a consensus target price of $187.56.

J.B. Hunt Transport Services Stock Up 2.0 %

Shares of NASDAQ:JBHT opened at $176.87 on Wednesday. The firm has a market cap of $18.25 billion, a P/E 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 business has a fifty day simple moving average of $170.75 and a 200 day simple moving average of $167.69. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.36.

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

Insider Transactions at J.B. Hunt Transport Services

In related news, EVP Darren P. Field sold 3,000 shares of the firm’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $175.03, for a total value of $525,090.00. Following the transaction, the executive vice president now owns 14,150 shares of the company’s stock, valued at approximately $2,476,674.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On J.B. Hunt Transport Services

Several large investors have recently bought and sold shares of the stock. Versant Capital Management Inc lifted its position in shares of J.B. Hunt Transport Services by 382.1% during the second quarter. Versant Capital Management Inc now owns 188 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 149 shares in the last quarter. Innealta Capital LLC bought a new position in shares of J.B. Hunt Transport Services during the 2nd quarter worth approximately $31,000. nVerses Capital LLC purchased a new position in shares of J.B. Hunt Transport Services in the 2nd quarter worth approximately $32,000. Ashton Thomas Private Wealth LLC bought a new position in shares of J.B. Hunt Transport Services in the second quarter valued at approximately $36,000. Finally, International Assets Investment Management LLC purchased a new stake in shares of J.B. Hunt Transport Services during the second quarter valued at approximately $40,000. 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.