Wells Fargo & Company Issues Pessimistic Forecast for J.B. Hunt Transport Services (NASDAQ:JBHT) Stock Price

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) had its target price dropped by analysts at Wells Fargo & Company from $200.00 to $190.00 in a report released on Friday,Benzinga reports. The firm presently has an "overweight" rating on the transportation company's stock. Wells Fargo & Company's price objective would suggest a potential upside of 10.18% from the company's current price.

Several other analysts have also issued reports on the company. Loop Capital upped their target price on J.B. Hunt Transport Services from $173.00 to $187.00 and gave the stock a "hold" rating in a research note on Thursday, October 17th. Barclays upped their price objective on shares of J.B. Hunt Transport Services from $175.00 to $195.00 and gave the company an "equal weight" rating in a research note on Wednesday, November 13th. Citigroup boosted their price target on shares of J.B. Hunt Transport Services from $204.00 to $227.00 and gave the stock a "buy" rating in a research note on Tuesday, November 12th. Stifel Nicolaus reduced their price objective on J.B. Hunt Transport Services from $167.00 to $161.00 and set a "hold" rating on the stock in a research note on Wednesday. Finally, Susquehanna upgraded J.B. Hunt Transport Services from a "neutral" rating to a "positive" rating and set a $200.00 price objective on the stock in a report on Friday, January 3rd. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $191.67.

J.B. Hunt Transport Services Price Performance

Shares of JBHT stock traded down $13.75 during trading on Friday, hitting $172.45. The company had a trading volume of 3,299,167 shares, compared to its average volume of 555,105. The stock's 50-day moving average is $180.08 and its two-hundred day moving average is $173.85. The stock has a market capitalization of $17.39 billion, a price-to-earnings ratio of 31.35, a price-to-earnings-growth ratio of 2.94 and a beta of 1.16. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.26. J.B. Hunt Transport Services has a 52 week low of $153.12 and a 52 week high of $219.51.

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 analysts' consensus estimates of $1.62 by ($0.09). J.B. Hunt Transport Services had a net margin of 4.65% and a return on equity of 13.92%. The firm had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.13 billion. During the same period in the prior year, the company earned $1.47 EPS. The firm's revenue was down 4.5% compared to the same quarter last year. As a group, analysts predict that J.B. Hunt Transport Services will post 5.67 EPS for the current fiscal year.

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

In related news, EVP Darren P. Field sold 1,500 shares of the business's stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $183.50, for a total transaction of $275,250.00. Following the completion of the sale, the executive vice president now directly owns 12,650 shares in the company, valued at approximately $2,321,275. The trade was a 10.60 % 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, SVP Kevin Bracy sold 1,614 shares of the stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $189.87, for a total transaction of $306,450.18. Following the completion of the transaction, the senior vice president now owns 8,235 shares in the company, valued at $1,563,579.45. The trade was a 16.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,459 shares of company stock worth $2,136,277. Insiders own 2.10% of the company's stock.

Institutional Trading of J.B. Hunt Transport Services

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Studio Investment Management LLC lifted its position in shares of J.B. Hunt Transport Services by 5.4% in the third quarter. Studio Investment Management LLC now owns 1,068 shares of the transportation company's stock valued at $184,000 after acquiring an additional 55 shares in the last quarter. iA Global Asset Management Inc. raised its stake in J.B. Hunt Transport Services by 2.6% during the 3rd quarter. iA Global Asset Management Inc. now owns 2,133 shares of the transportation company's stock valued at $368,000 after purchasing an additional 55 shares during the period. Empirical Finance LLC boosted its stake in J.B. Hunt Transport Services by 2.0% in the 3rd quarter. Empirical Finance LLC now owns 2,855 shares of the transportation company's stock worth $492,000 after purchasing an additional 56 shares during the period. Farther Finance Advisors LLC boosted its stake in J.B. Hunt Transport Services by 18.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 388 shares of the transportation company's stock worth $67,000 after purchasing an additional 60 shares during the period. Finally, Huntington National Bank grew its holdings in J.B. Hunt Transport Services by 21.8% during the 3rd quarter. Huntington National Bank now owns 341 shares of the transportation company's stock valued at $59,000 after buying an additional 61 shares in the last quarter. 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.