J. B. Hunt (JBHT) PT Raised to $127.00

J. B. Hunt (NASDAQ:JBHT) had its price target increased by stock analysts at BMO Capital Markets from $125.00 to $127.00 in a research report issued to clients and investors on Tuesday. The brokerage presently has a “market perform” rating on the transportation company’s stock. BMO Capital Markets’ price target points to a potential upside of 8.01% from the stock’s current price.

JBHT has been the subject of a number of other reports. Deutsche Bank raised J. B. Hunt from a “hold” rating to a “buy” rating and set a $141.00 target price for the company in a research report on Monday, April 2nd. Credit Suisse Group lifted their target price on J. B. Hunt from $129.00 to $131.00 and gave the company an “outperform” rating in a research report on Tuesday, January 30th. Argus assumed coverage on J. B. Hunt in a research report on Tuesday, March 20th. They set a “buy” rating and a $150.00 target price for the company. Cowen reaffirmed a “hold” rating and set a $127.00 target price on shares of J. B. Hunt in a research report on Friday, January 19th. Finally, BidaskClub raised J. B. Hunt from a “hold” rating to a “buy” rating in a research report on Saturday, February 10th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and ten have issued a buy rating to the company. J. B. Hunt currently has a consensus rating of “Hold” and an average target price of $124.15.

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NASDAQ JBHT traded down $2.17 on Tuesday, reaching $117.58. 275,507 shares of the stock traded hands, compared to its average volume of 1,036,142. The company has a quick ratio of 1.43, a current ratio of 1.45 and a debt-to-equity ratio of 0.59. The firm has a market cap of $12,377.01, a PE ratio of 31.32, a price-to-earnings-growth ratio of 1.69 and a beta of 0.93. J. B. Hunt has a 12 month low of $83.35 and a 12 month high of $126.49.

J. B. Hunt (NASDAQ:JBHT) last issued its earnings results on Monday, April 16th. The transportation company reported $1.07 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.07. The business had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.88 billion. J. B. Hunt had a return on equity of 27.32% and a net margin of 9.55%. J. B. Hunt’s revenue was up 19.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.92 EPS. research analysts expect that J. B. Hunt will post 5.27 earnings per share for the current year.

In other news, Director Earl Wayne Garrison sold 21,344 shares of the business’s stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $125.79, for a total value of $2,684,861.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Johnnie B. Hunt, Jr. sold 2,328 shares of the business’s stock in a transaction on Friday, March 9th. The stock was sold at an average price of $121.00, for a total value of $281,688.00. Following the completion of the transaction, the director now directly owns 70,697 shares of the company’s stock, valued at $8,554,337. The disclosure for this sale can be found here. Insiders own 4.20% of the company’s stock.

A number of large investors have recently made changes to their positions in JBHT. TIAA CREF Investment Management LLC increased its position in J. B. Hunt by 61.6% during the 4th quarter. TIAA CREF Investment Management LLC now owns 817,711 shares of the transportation company’s stock valued at $94,020,000 after buying an additional 311,590 shares in the last quarter. AGF Investments Inc. acquired a new position in J. B. Hunt during the 4th quarter valued at about $30,935,000. First Trust Advisors LP increased its position in J. B. Hunt by 278.3% during the 4th quarter. First Trust Advisors LP now owns 364,590 shares of the transportation company’s stock valued at $41,921,000 after buying an additional 268,216 shares in the last quarter. Teachers Advisors LLC increased its position in J. B. Hunt by 118.4% during the 4th quarter. Teachers Advisors LLC now owns 486,595 shares of the transportation company’s stock valued at $55,949,000 after buying an additional 263,823 shares in the last quarter. Finally, Telemark Asset Management LLC acquired a new position in J. B. Hunt during the 4th quarter valued at about $17,247,000. 72.25% of the stock is currently owned by institutional investors.

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About J. B. Hunt

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 (NASDAQ:JBHT)

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