J B Hunt Transport Services (JBHT) Given a $118.00 Price Target at Stifel Nicolaus

Stifel Nicolaus set a $118.00 target price on J B Hunt Transport Services (NASDAQ:JBHT) in a report released on Tuesday morning. The firm currently has a hold rating on the transportation company’s stock.

Other equities analysts also recently issued reports about the stock. Zacks Investment Research upgraded shares of J B Hunt Transport Services from a hold rating to a buy rating and set a $137.00 price objective on the stock in a research note on Tuesday, July 24th. Loop Capital set a $151.00 price objective on shares of J B Hunt Transport Services and gave the company a buy rating in a research note on Monday, July 16th. ValuEngine upgraded shares of J B Hunt Transport Services from a hold rating to a buy rating in a research note on Tuesday, September 11th. Deutsche Bank dropped their price objective on shares of J B Hunt Transport Services from $138.00 to $134.00 and set a buy rating on the stock in a research note on Thursday, September 27th. Finally, Morgan Stanley increased their price objective on shares of J B Hunt Transport Services from $115.00 to $119.00 and gave the company an equal weight rating in a research note on Tuesday, July 17th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and eight have issued a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of $128.89.

Shares of NASDAQ JBHT traded up $0.52 during midday trading on Tuesday, reaching $110.40. 28,979 shares of the company’s stock traded hands, compared to its average volume of 1,070,957. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.13 and a current ratio of 1.11. J B Hunt Transport Services has a one year low of $100.78 and a one year high of $131.74. The company has a market cap of $12.27 billion, a PE ratio of 29.55, a P/E/G ratio of 1.74 and a beta of 0.93.

J B Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings data on Monday, October 15th. The transportation company reported $1.47 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.40 by $0.07. J B Hunt Transport Services had a net margin of 9.49% and a return on equity of 27.71%. The firm had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.22 billion. During the same period last year, the firm earned $0.91 earnings per share. The company’s quarterly revenue was up 19.9% on a year-over-year basis. On average, analysts forecast that J B Hunt Transport Services will post 5.38 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, November 16th. Shareholders of record on Friday, November 9th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 0.87%. J B Hunt Transport Services’s dividend payout ratio (DPR) is 25.67%.

In other J B Hunt Transport Services news, EVP Bradley W. Hicks sold 500 shares of the firm’s stock in a transaction that occurred on Thursday, August 2nd. The shares were sold at an average price of $122.43, for a total value of $61,215.00. Following the completion of the sale, the executive vice president now directly owns 16,900 shares in the company, valued at $2,069,067. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Terrence D. Matthews sold 5,163 shares of the firm’s stock in a transaction that occurred on Wednesday, August 8th. The shares were sold at an average price of $122.11, for a total transaction of $630,453.93. Following the completion of the sale, the executive vice president now owns 23,810 shares of the company’s stock, valued at $2,907,439.10. The disclosure for this sale can be found here. 4.20% of the stock is owned by company insiders.

Large investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC lifted its stake in shares of J B Hunt Transport Services by 186.8% during the second quarter. Tower Research Capital LLC TRC now owns 915 shares of the transportation company’s stock worth $111,000 after buying an additional 596 shares during the period. Piedmont Investment Advisors LLC acquired a new stake in shares of J B Hunt Transport Services during the second quarter worth $118,000. Edge Wealth Management LLC acquired a new stake in shares of J B Hunt Transport Services during the second quarter worth $148,000. LeJeune Puetz Investment Counsel LLC acquired a new stake in shares of J B Hunt Transport Services during the second quarter worth $167,000. Finally, Cerebellum GP LLC lifted its stake in shares of J B Hunt Transport Services by 760.9% during the third quarter. Cerebellum GP LLC now owns 1,455 shares of the transportation company’s stock worth $173,000 after buying an additional 1,286 shares during the period. Institutional investors and hedge funds own 73.46% of the company’s stock.

About J B Hunt Transport Services

J.B. Hunt Transport Services, Inc, together with its subsidiaries, provides surface transportation and delivery services in the continental United States, Canada, and Mexico. It operates through four segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), and Truckload (JBT).

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

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