J.B. Hunt Transport Services (NASDAQ:JBHT) Stock Price Expected to Rise, Bank of America Analyst Says

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) had its price target hoisted by Bank of America from $195.00 to $206.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a "buy" rating on the transportation company's stock. Bank of America's price target would indicate a potential upside of 19.45% from the stock's current price.

Other analysts also recently issued reports about the stock. Loop Capital increased their price objective on shares of J.B. Hunt Transport Services from $173.00 to $187.00 and gave the company a "hold" rating in a research report on Thursday, October 17th. BMO Capital Markets reiterated an "outperform" rating and set a $195.00 price target on shares of J.B. Hunt Transport Services in a report on Wednesday, October 16th. Citigroup boosted their price objective on shares of J.B. Hunt Transport Services from $204.00 to $227.00 and gave the stock a "buy" rating in a report on Tuesday, November 12th. TD Cowen upped their price objective on J.B. Hunt Transport Services from $160.00 to $182.00 and gave the company a "hold" rating in a research report on Wednesday, October 16th. Finally, Benchmark reissued a "buy" rating and issued a $195.00 target price on shares of J.B. Hunt Transport Services in a report on Friday, January 10th. Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $191.67.

J.B. Hunt Transport Services Stock Down 7.4 %

Shares of J.B. Hunt Transport Services stock traded down $13.75 during midday trading on Thursday, hitting $172.45. The company had a trading volume of 3,299,167 shares, compared to its average volume of 1,046,942. J.B. Hunt Transport Services has a 52-week low of $153.12 and a 52-week high of $219.51. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.94 and a current ratio of 0.94. The stock has a market capitalization of $17.39 billion, a P/E ratio of 31.35, a P/E/G ratio of 2.94 and a beta of 1.16. The company has a 50 day moving average of $180.47 and a 200 day moving average of $173.76.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last released its earnings results on Thursday, January 16th. The transportation company reported $1.53 EPS for the quarter, missing the consensus estimate of $1.62 by ($0.09). J.B. Hunt Transport Services had a return on equity of 13.92% and a net margin of 4.65%. The company had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.13 billion. During the same period last year, the firm posted $1.47 earnings per share. The company's revenue was down 4.5% compared to the same quarter last year. On average, equities analysts predict that J.B. Hunt Transport Services will post 5.67 earnings per share for the current fiscal year.

Insider Buying and Selling at J.B. Hunt Transport Services

In related news, SVP Kevin Bracy sold 1,614 shares of the business's stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $189.87, for a total transaction of $306,450.18. Following the completion of the sale, the senior vice president now directly owns 8,235 shares in the company, valued at approximately $1,563,579.45. The trade was a 16.39 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Spencer Frazier sold 2,200 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $194.21, for a total transaction of $427,262.00. Following the completion of the transaction, the executive vice president now owns 4,050 shares in the company, valued at $786,550.50. The trade was a 35.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 11,459 shares of company stock valued at $2,136,277. 2.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On J.B. Hunt Transport Services

A number of hedge funds have recently modified their holdings of JBHT. Arvest Bank Trust Division purchased a new position in J.B. Hunt Transport Services during the third quarter valued at $1,578,000. Forsta AP Fonden raised its stake in shares of J.B. Hunt Transport Services by 28.2% in the third quarter. Forsta AP Fonden now owns 15,900 shares of the transportation company's stock worth $2,740,000 after buying an additional 3,500 shares during the period. State Street Corp lifted its position in shares of J.B. Hunt Transport Services by 0.6% during the 3rd quarter. State Street Corp now owns 3,289,874 shares of the transportation company's stock valued at $566,944,000 after buying an additional 19,826 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of J.B. Hunt Transport Services by 2.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 553,698 shares of the transportation company's stock valued at $95,419,000 after acquiring an additional 12,040 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. increased its holdings in J.B. Hunt Transport Services by 2.1% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 190,689 shares of the transportation company's stock worth $32,861,000 after acquiring an additional 3,910 shares in the last quarter. Institutional investors own 74.95% of the company's stock.

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.