J.B. Hunt Transport Services (NASDAQ:JBHT) Stock Rating Reaffirmed by Benchmark

J.B. Hunt Transport Services (NASDAQ:JBHT)‘s stock had its “buy” rating restated by stock analysts at Benchmark in a research note issued to investors on Wednesday, Benzinga reports. They currently have a $185.00 price target on the transportation company’s stock. Benchmark’s price target indicates a potential upside of 9.73% from the company’s previous close.

A number of other brokerages have also weighed in on JBHT. Morgan Stanley cut their price objective on J.B. Hunt Transport Services from $162.00 to $160.00 and set an “equal weight” rating for the company in a research report on Monday, July 8th. Barclays reduced their price objective on J.B. Hunt Transport Services from $170.00 to $160.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 17th. JPMorgan Chase & Co. lowered their target price on J.B. Hunt Transport Services from $204.00 to $184.00 and set an “overweight” rating for the company in a research report on Tuesday, July 9th. Stifel Nicolaus cut their target price on J.B. Hunt Transport Services from $173.00 to $151.00 and set a “hold” rating on the stock in a research note on Tuesday, July 23rd. Finally, Loop Capital reduced their target price on shares of 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. Seven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, J.B. Hunt Transport Services has a consensus rating of “Moderate Buy” and a consensus target price of $182.19.

J.B. Hunt Transport Services Price Performance

JBHT traded down $1.01 on Wednesday, hitting $168.59. 21,917 shares of the company’s stock traded hands, compared to its average volume of 843,753. J.B. Hunt Transport Services has a one year low of $153.12 and a one year high of $219.51. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.36. The firm has a market cap of $17.40 billion, a price-to-earnings ratio of 26.79, a P/E/G ratio of 2.86 and a beta of 1.15. The company’s 50 day simple moving average is $169.88 and its 200-day simple moving average is $169.58.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its earnings results on Tuesday, July 16th. The transportation company reported $1.32 EPS for the quarter, missing the consensus estimate of $1.51 by ($0.19). The company had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $3.02 billion. J.B. Hunt Transport Services had a return on equity of 14.77% and a net margin of 4.90%. J.B. Hunt Transport Services’s quarterly revenue was down 6.5% compared to the same quarter last year. During the same period last year, the firm posted $1.81 EPS. As a group, 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 J.B. Hunt Transport Services news, Director Persio V. Lisboa acquired 600 shares of the firm’s stock in a transaction on Friday, July 19th. The stock was acquired at an average cost of $163.47 per share, for a total transaction of $98,082.00. Following the purchase, the director now owns 3,594 shares in the company, valued at approximately $587,511.18. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, Director Persio V. Lisboa bought 600 shares of the business’s stock in a transaction dated Friday, July 19th. The stock was purchased at an average cost of $163.47 per share, with a total value of $98,082.00. Following the acquisition, the director now directly owns 3,594 shares in the company, valued at $587,511.18. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Darren P. Field sold 3,000 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $175.03, for a total transaction of $525,090.00. Following the sale, the executive vice president now directly owns 14,150 shares in the company, valued at $2,476,674.50. The disclosure for this sale can be found here. Company insiders own 2.10% of the company’s stock.

Institutional Trading of J.B. Hunt Transport Services

Institutional investors have recently bought and sold shares of the business. Versant Capital Management Inc grew its position in shares of J.B. Hunt Transport Services by 382.1% in 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 during the period. Innealta Capital LLC purchased a new position in J.B. Hunt Transport Services in the 2nd quarter valued at about $31,000. nVerses Capital LLC acquired a new stake in J.B. Hunt Transport Services in the 2nd quarter worth about $32,000. Ashton Thomas Private Wealth LLC purchased a new stake in J.B. Hunt Transport Services during the 2nd quarter worth approximately $36,000. Finally, YHB Investment Advisors Inc. acquired a new position in shares of J.B. Hunt Transport Services during the first quarter valued at approximately $40,000. 74.95% of the stock is owned by institutional investors and hedge funds.

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.