J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target Lowered to $202.00 at Evercore ISI

J.B. Hunt Transport Services (NASDAQ:JBHT - Free Report) had its price objective cut by Evercore ISI from $207.00 to $202.00 in a report issued on Friday,Benzinga reports. They currently have an outperform rating on the transportation company's stock.

A number of other brokerages also recently issued reports on JBHT. Bank of America upped their price target on J.B. Hunt Transport Services from $195.00 to $206.00 and gave the company a "buy" rating in a report on Thursday. TD Cowen reduced their price target on shares of J.B. Hunt Transport Services from $180.00 to $171.00 and set a "hold" rating for the company in a research note on Friday. Raymond James raised their target price on shares of J.B. Hunt Transport Services from $195.00 to $200.00 and gave the stock an "outperform" rating in a report on Friday, January 10th. Barclays increased their target price on J.B. Hunt Transport Services from $175.00 to $195.00 and gave the company an "equal weight" rating in a report on Wednesday, November 13th. Finally, Benchmark reiterated a "buy" rating and issued a $195.00 price objective on shares of J.B. Hunt Transport Services in a research note on Friday, January 10th. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $191.67.

J.B. Hunt Transport Services Trading Down 7.4 %

Shares of JBHT stock traded down $13.75 during trading hours on Friday, reaching $172.45. The company's stock had a trading volume of 3,299,167 shares, compared to its average volume of 555,105. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.26. 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 firm's fifty day simple moving average is $180.08 and its 200 day simple moving average is $173.85. J.B. Hunt Transport Services has a one year low of $153.12 and a one year high of $219.51.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last announced its earnings results on Thursday, January 16th. The transportation company reported $1.53 EPS for the quarter, missing analysts' consensus estimates of $1.62 by ($0.09). The business had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.13 billion. J.B. Hunt Transport Services had a net margin of 4.65% and a return on equity of 13.92%. The business's quarterly revenue was down 4.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.47 EPS. Equities research analysts expect that J.B. Hunt Transport Services will post 5.67 EPS for the current year.

Insiders Place Their Bets

In other J.B. Hunt Transport Services news, EVP Darren P. Field sold 1,500 shares of the company's stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $183.50, for a total value of $275,250.00. Following the completion of the transaction, the executive vice president now directly owns 12,650 shares in the company, valued at $2,321,275. This represents a 10.60 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Eric Mcgee sold 145 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $182.72, for a total transaction of $26,494.40. Following the sale, the executive vice president now owns 700 shares in the company, valued at approximately $127,904. The trade was a 17.16 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,459 shares of company stock worth $2,136,277. Corporate insiders own 2.10% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in JBHT. Arvest Bank Trust Division bought a new stake in J.B. Hunt Transport Services in the third quarter worth $1,578,000. Forsta AP Fonden increased its stake in J.B. Hunt Transport Services by 28.2% during the third quarter. Forsta AP Fonden now owns 15,900 shares of the transportation company's stock worth $2,740,000 after acquiring an additional 3,500 shares during the last quarter. State Street Corp raised its position in J.B. Hunt Transport Services by 0.6% during the third quarter. State Street Corp now owns 3,289,874 shares of the transportation company's stock valued at $566,944,000 after purchasing an additional 19,826 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of J.B. Hunt Transport Services by 2.2% in 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 purchasing an additional 12,040 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of 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 purchasing an additional 3,910 shares during the period. Hedge funds and other 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.