J.B. Hunt Transport Services (NASDAQ:JBHT) Stock Price Expected to Rise, Barclays Analyst Says

J.B. Hunt Transport Services (NASDAQ:JBHT) had its target price lifted by equities research analysts at Barclays from $175.00 to $195.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the transportation company’s stock. Barclays‘s price objective suggests a potential upside of 3.50% from the company’s previous close.

A number of other equities analysts have also weighed in on JBHT. Evercore ISI lifted their price objective on J.B. Hunt Transport Services from $183.00 to $185.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. TD Cowen boosted their price target on J.B. Hunt Transport Services from $160.00 to $182.00 and gave the company a “hold” rating in a report on Wednesday, October 16th. Benchmark restated a “buy” rating and issued a $185.00 price objective on shares of J.B. Hunt Transport Services in a research report on Wednesday, October 16th. Bank of America lifted their target price on shares of J.B. Hunt Transport Services from $188.00 to $196.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Finally, The Goldman Sachs Group lowered 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 report on Wednesday, October 9th. Seven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $190.11.

J.B. Hunt Transport Services Stock Performance

Shares of J.B. Hunt Transport Services stock traded down $4.13 on Wednesday, reaching $188.41. 585,150 shares of the stock were exchanged, compared to its average volume of 864,612. The business has a 50 day moving average price of $174.68 and a two-hundred day moving average price of $167.83. The firm has a market capitalization of $19.00 billion, a price-to-earnings ratio of 34.13, a PEG ratio of 3.37 and a beta of 1.14. J.B. Hunt Transport Services has a twelve month low of $153.12 and a twelve month high of $219.51. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.26.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings data 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. J.B. Hunt Transport Services had a net margin of 4.65% and a return on equity of 13.92%. The firm had revenue of $3.07 billion for the quarter, compared to analyst estimates of $3.04 billion. During the same quarter in the prior year, the business earned $1.80 earnings per share. Analysts anticipate that J.B. Hunt Transport Services will post 5.7 earnings per share for the current fiscal year.

Insider Activity

In other J.B. Hunt Transport Services news, EVP Darren P. Field sold 3,000 shares of the firm’s stock in a transaction that occurred on 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 directly owns 14,150 shares of the company’s stock, valued at $2,476,674.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other J.B. Hunt Transport Services news, SVP Kevin Bracy sold 1,614 shares of J.B. Hunt Transport Services stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $189.87, for a total transaction of $306,450.18. Following the transaction, the senior vice president now directly owns 8,235 shares of the company’s stock, valued at $1,563,579.45. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Darren P. Field sold 3,000 shares of the business’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $175.03, for a total transaction of $525,090.00. Following the completion of the transaction, the executive vice president now owns 14,150 shares in the company, valued at $2,476,674.50. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,314 shares of company stock worth $1,534,052 over the last three months. Insiders own 2.10% of the company’s stock.

Institutional Trading of J.B. Hunt Transport Services

Several institutional investors have recently made changes to their positions in JBHT. Janney Montgomery Scott LLC acquired a new stake in J.B. Hunt Transport Services during the first quarter worth $208,000. Empowered Funds LLC acquired a new stake in shares of J.B. Hunt Transport Services during the 1st quarter worth about $242,000. TD Asset Management Inc raised its holdings in J.B. Hunt Transport Services by 4.9% in the 1st quarter. TD Asset Management Inc now owns 418,451 shares of the transportation company’s stock valued at $83,376,000 after buying an additional 19,604 shares during the period. State Board of Administration of Florida Retirement System lifted its position in J.B. Hunt Transport Services by 13.4% in the first quarter. State Board of Administration of Florida Retirement System now owns 102,836 shares of the transportation company’s stock valued at $20,490,000 after buying an additional 12,191 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in J.B. Hunt Transport Services by 20.2% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 93,946 shares of the transportation company’s stock worth $18,719,000 after buying an additional 15,775 shares during the period. Hedge funds and other 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.