Bank of America Lowers J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target to $170.00

J.B. Hunt Transport Services (NASDAQ:JBHT) had its price objective lowered by analysts at Bank of America from $189.00 to $170.00 in a report issued on Monday,Benzinga reports. The firm presently has a “buy” rating on the transportation company’s stock. Bank of America‘s price target points to a potential upside of 14.09% from the company’s current price.

Several other research firms have also weighed in on JBHT. Truist Financial assumed coverage on shares of J.B. Hunt Transport Services in a report on Thursday. They set a “hold” rating and a $165.00 target price for the company. Evercore ISI cut their target price on shares of J.B. Hunt Transport Services from $207.00 to $202.00 and set an “outperform” rating for the company in a report on Friday, January 17th. Raymond James cut their target price on shares of J.B. Hunt Transport Services from $200.00 to $190.00 and set an “outperform” rating for the company in a report on Tuesday, January 21st. TD Cowen cut their price target on shares of J.B. Hunt Transport Services from $180.00 to $171.00 and set a “hold” rating for the company in a report on Friday, January 17th. Finally, JPMorgan Chase & Co. cut their price target on shares of J.B. Hunt Transport Services from $205.00 to $200.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Eight investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $186.80.

J.B. Hunt Transport Services Stock Performance

Shares of NASDAQ JBHT opened at $149.00 on Monday. The company has a current ratio of 1.03, a quick ratio of 0.94 and a debt-to-equity ratio of 0.24. J.B. Hunt Transport Services has a 12 month low of $147.00 and a 12 month high of $200.40. The company has a 50 day simple moving average of $168.26 and a two-hundred day simple moving average of $173.69. The stock has a market cap of $14.90 billion, a price-to-earnings ratio of 26.80, a PEG ratio of 1.61 and a beta of 1.16.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its earnings results on Thursday, January 16th. The transportation company reported $1.53 earnings per share for the quarter, missing the consensus estimate of $1.62 by ($0.09). The firm had revenue of $3.15 billion for the quarter, compared to analysts’ expectations of $3.13 billion. J.B. Hunt Transport Services had a net margin of 4.72% and a return on equity of 14.05%. J.B. Hunt Transport Services’s revenue for the quarter was down 4.5% compared to the same quarter last year. During the same period last year, the firm earned $1.47 earnings per share. As a group, analysts predict that J.B. Hunt Transport Services will post 6.37 earnings per share for the current year.

Insider Activity

In other J.B. Hunt Transport Services news, Director James K. Thompson sold 4,400 shares of the company’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $175.37, for a total value of $771,628.00. Following the transaction, the director now owns 23,559 shares of the company’s stock, valued at $4,131,541.83. This represents a 15.74 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Darren P. Field sold 1,200 shares of the company’s stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $161.67, for a total transaction of $194,004.00. Following the completion of the transaction, the executive vice president now directly owns 17,822 shares in the company, valued at $2,881,282.74. The trade was a 6.31 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.10% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Studio Investment Management LLC lifted its position in J.B. Hunt Transport Services by 5.4% in the third quarter. Studio Investment Management LLC now owns 1,068 shares of the transportation company’s stock valued at $184,000 after buying an additional 55 shares during the last quarter. iA Global Asset Management Inc. increased its stake in J.B. Hunt Transport Services by 2.6% during the third quarter. iA Global Asset Management Inc. now owns 2,133 shares of the transportation company’s stock worth $368,000 after purchasing an additional 55 shares during the period. Empirical Finance LLC increased its stake in J.B. Hunt Transport Services by 2.0% during the third quarter. Empirical Finance LLC now owns 2,855 shares of the transportation company’s stock worth $492,000 after purchasing an additional 56 shares during the period. Huntington National Bank increased its stake in J.B. Hunt Transport Services by 21.8% during the third quarter. Huntington National Bank now owns 341 shares of the transportation company’s stock worth $59,000 after purchasing an additional 61 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its stake in J.B. Hunt Transport Services by 1.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 5,097 shares of the transportation company’s stock worth $878,000 after purchasing an additional 61 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.