J.B. Hunt Transport Services (NASDAQ:JBHT) PT Lowered to $191.00

J.B. Hunt Transport Services (NASDAQ:JBHT) had its price objective cut by equities researchers at Evercore ISI from $199.00 to $191.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm currently has an “outperform” rating on the transportation company’s stock. Evercore ISI’s target price points to a potential upside of 21.56% from the stock’s current price.

JBHT has been the topic of a number of other research reports. Robert W. Baird dropped their target price on J.B. Hunt Transport Services from $215.00 to $205.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 17th. Loop Capital lowered their price target on J.B. Hunt Transport Services from $200.00 to $177.00 and set a “hold” rating on the stock in a research report on Thursday, April 18th. Susquehanna lowered their price target on J.B. Hunt Transport Services from $195.00 to $185.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 17th. JPMorgan Chase & Co. lowered their price target on J.B. Hunt Transport Services from $209.00 to $204.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 17th. Finally, Benchmark reiterated a “buy” rating and set a $215.00 target price on shares of J.B. Hunt Transport Services in a research note on Wednesday, April 17th. Seven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $192.29.

J.B. Hunt Transport Services Trading Up 0.6 %

NASDAQ JBHT opened at $157.13 on Tuesday. The firm has a market cap of $16.22 billion, a P/E ratio of 24.94, a P/E/G ratio of 1.78 and a beta of 1.15. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.26 and a quick ratio of 1.26. The stock’s 50-day moving average is $161.84 and its 200-day moving average is $186.43. J.B. Hunt Transport Services has a one year low of $153.12 and a one year high of $219.51.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings results on Tuesday, April 16th. The transportation company reported $1.22 EPS for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.31). J.B. Hunt Transport Services had a return on equity of 16.25% and a net margin of 5.25%. The business had revenue of $2.94 billion for the quarter, compared to analyst estimates of $3.12 billion. Sell-side analysts anticipate that J.B. Hunt Transport Services will post 6.48 earnings per share for the current fiscal year.

Insider Activity at J.B. Hunt Transport Services

In related news, CEO John N. Roberts acquired 6,200 shares of the company’s stock in a transaction on Friday, April 26th. The stock was purchased at an average cost of $161.06 per share, with a total value of $998,572.00. Following the acquisition, the chief executive officer now directly owns 313,955 shares of the company’s stock, valued at $50,565,592.30. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 2.10% of the stock is currently owned by corporate insiders.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. VisionPoint Advisory Group LLC raised its holdings in J.B. Hunt Transport Services by 104.8% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 170 shares of the transportation company’s stock valued at $32,000 after acquiring an additional 87 shares in the last quarter. Operose Advisors LLC acquired a new position in J.B. Hunt Transport Services in the 3rd quarter valued at $34,000. YHB Investment Advisors Inc. acquired a new position in shares of J.B. Hunt Transport Services during the 1st quarter worth $40,000. Neo Ivy Capital Management acquired a new position in shares of J.B. Hunt Transport Services during the 4th quarter worth $49,000. Finally, Whittier Trust Co. of Nevada Inc. raised its holdings in shares of J.B. Hunt Transport Services by 99.3% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 267 shares of the transportation company’s stock worth $53,000 after buying an additional 133 shares in the last quarter. 74.95% of the stock is owned by institutional investors and hedge funds.

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.