J.B. Hunt Transport Services, Inc. (JBHT) Receives $97.00 Consensus Target Price from Analysts

Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) have been assigned a consensus rating of “Hold” from the seventeen brokerages that are currently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $98.73.

A number of research analysts recently commented on JBHT shares. Credit Suisse Group restated a “buy” rating and issued a $103.00 target price (down from $107.00) on shares of J.B. Hunt Transport Services in a research note on Friday, March 31st. Bank of America Corporation restated a “buy” rating and issued a $109.00 target price (up from $98.00) on shares of J.B. Hunt Transport Services in a research note on Monday, July 10th. Loop Capital restated a “buy” rating and issued a $103.00 target price (down from $105.00) on shares of J.B. Hunt Transport Services in a research note on Saturday, July 22nd. Morgan Stanley reiterated an “equal weight” rating and set a $84.00 price objective (down from $85.00) on shares of J.B. Hunt Transport Services in a research note on Tuesday, July 18th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $88.00 price objective on shares of J.B. Hunt Transport Services in a research note on Friday, June 23rd.

In related news, Chairman James K. Thompson sold 8,503 shares of the firm’s stock in a transaction dated Wednesday, July 19th. The stock was sold at an average price of $91.76, for a total value of $780,235.28. Following the transaction, the chairman now owns 51,846 shares in the company, valued at $4,757,388.96. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Eric Mcgee sold 1,368 shares of the firm’s stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $93.37, for a total value of $127,730.16. Following the completion of the transaction, the executive vice president now owns 1,640 shares in the company, valued at approximately $153,126.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 14,681 shares of company stock worth $1,358,071. 4.30% of the stock is owned by company insiders.

A number of institutional investors have recently modified their holdings of JBHT. Bessemer Group Inc. boosted its position in shares of J.B. Hunt Transport Services by 0.9% in the second quarter. Bessemer Group Inc. now owns 2,087,101 shares of the transportation company’s stock worth $190,720,000 after buying an additional 18,900 shares during the period. CIBC Asset Management Inc boosted its position in shares of J.B. Hunt Transport Services by 2.4% in the second quarter. CIBC Asset Management Inc now owns 15,999 shares of the transportation company’s stock worth $1,462,000 after buying an additional 370 shares during the period. Rothschild Asset Management Inc. boosted its position in shares of J.B. Hunt Transport Services by 29.1% in the second quarter. Rothschild Asset Management Inc. now owns 6,512 shares of the transportation company’s stock worth $595,000 after buying an additional 1,469 shares during the period. Great West Life Assurance Co. Can boosted its position in shares of J.B. Hunt Transport Services by 104.8% in the second quarter. Great West Life Assurance Co. Can now owns 128,710 shares of the transportation company’s stock worth $11,757,000 after buying an additional 65,876 shares during the period. Finally, NGAM Advisors L.P. boosted its position in shares of J.B. Hunt Transport Services by 1.2% in the second quarter. NGAM Advisors L.P. now owns 56,128 shares of the transportation company’s stock worth $5,129,000 after buying an additional 661 shares during the period. Hedge funds and other institutional investors own 72.64% of the company’s stock.

Shares of J.B. Hunt Transport Services (JBHT) opened at 90.37 on Monday. The firm has a market cap of $9.89 billion, a PE ratio of 23.71 and a beta of 0.94. J.B. Hunt Transport Services has a 52 week low of $76.20 and a 52 week high of $102.38. The company’s 50-day moving average is $90.75 and its 200-day moving average is $92.38.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its earnings results on Monday, July 17th. The transportation company reported $0.88 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by $0.04. The firm had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.74 billion. J.B. Hunt Transport Services had a net margin of 6.32% and a return on equity of 30.00%. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.92 earnings per share. Analysts forecast that J.B. Hunt Transport Services will post $3.88 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, August 18th. Investors of record on Monday, August 7th will be issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 1.02%. The ex-dividend date of this dividend is Thursday, August 3rd. J.B. Hunt Transport Services’s dividend payout ratio is 24.08%.

J.B. Hunt Transport Services declared that its board has initiated a stock repurchase plan on Thursday, April 20th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the transportation company to reacquire up to 51% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

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J.B. Hunt Transport Services Company Profile

J.B. Hunt Transport Services, Inc is a surface transportation, delivery, and logistics company in North America. The Company segments include Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS) and Truck (JBT). The Company, through its subsidiaries, provides transportation and delivery services to a range of customers and consumers throughout the continental United States, Canada and Mexico.

Analyst Recommendations for J.B. Hunt Transport Services (NASDAQ:JBHT)

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