J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target Lowered to $200.00 at JPMorgan Chase & Co.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) had its target price cut by research analysts at JPMorgan Chase & Co. from $205.00 to $200.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has an "overweight" rating on the transportation company's stock. JPMorgan Chase & Co.'s price target indicates a potential upside of 15.98% from the stock's previous close.

Several other research analysts have also recently commented on the company. Citigroup raised their target price on J.B. Hunt Transport Services from $204.00 to $227.00 and gave the stock a "buy" rating in a research report on Tuesday, November 12th. Bank of America boosted their price objective on shares of J.B. Hunt Transport Services from $195.00 to $206.00 and gave the stock a "buy" rating in a research report on Thursday. Stephens reiterated an "overweight" rating and set a $195.00 price target on shares of J.B. Hunt Transport Services in a research report on Wednesday, October 16th. TD Cowen lowered their price target on 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. Finally, Barclays upped their price target on shares of 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. Six research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat, J.B. Hunt Transport Services has a consensus 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 on Friday, hitting $172.45. 3,299,167 shares of the company traded hands, compared to its average volume of 555,105. The company has a market cap of $17.39 billion, a PE ratio of 31.35, a PEG ratio of 2.94 and a beta of 1.16. The company has a 50-day moving average price of $180.08 and a 200 day moving average price of $173.85. J.B. Hunt Transport Services has a 12-month low of $153.12 and a 12-month high of $219.51. 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 (NASDAQ:JBHT - Get Free Report) last posted its earnings results on Thursday, January 16th. The transportation company reported $1.53 earnings per share for the quarter, missing the consensus estimate of $1.62 by ($0.09). The company had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.13 billion. J.B. Hunt Transport Services had a return on equity of 13.92% and a net margin of 4.65%. The firm's revenue for the quarter was down 4.5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.47 earnings per share. Sell-side analysts predict that J.B. Hunt Transport Services will post 5.67 earnings per share for the current year.

Insider Buying and Selling

In other J.B. Hunt Transport Services news, EVP Darren P. Field sold 1,500 shares of the firm's stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $183.50, for a total transaction of $275,250.00. Following the transaction, the executive vice president now owns 12,650 shares in the company, valued at $2,321,275. This trade represents a 10.60 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Spencer Frazier sold 2,200 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Wednesday, November 6th. The shares were 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 directly owns 4,050 shares in the company, valued at $786,550.50. This trade represents a 35.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,459 shares of company stock valued at $2,136,277. Company insiders own 2.10% of the company's stock.

Hedge Funds Weigh In On J.B. Hunt Transport Services

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Perpetual Ltd boosted its stake in shares of J.B. Hunt Transport Services by 64.3% in the 4th quarter. Perpetual Ltd now owns 4,268 shares of the transportation company's stock valued at $728,000 after purchasing an additional 1,670 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in J.B. Hunt Transport Services by 155.7% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 537 shares of the transportation company's stock worth $92,000 after buying an additional 327 shares in the last quarter. Ameritas Advisory Services LLC bought a new position in shares of J.B. Hunt Transport Services during the fourth quarter valued at about $368,000. B & T Capital Management DBA Alpha Capital Management increased its stake in J.B. Hunt Transport Services by 2.1% in the 4th quarter. B & T Capital Management DBA Alpha Capital Management now owns 13,591 shares of the transportation company's stock valued at $2,319,000 after buying an additional 282 shares during the last quarter. Finally, Merit Financial Group LLC bought a new position in shares of J.B. Hunt Transport Services in the fourth quarter valued at approximately $253,000. 74.95% of the stock is currently owned by institutional investors and hedge funds.

About J.B. Hunt Transport Services

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.