J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target Cut to $165.00 by Analysts at Raymond James

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) had its price target lowered by research analysts at Raymond James from $190.00 to $165.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has an "outperform" rating on the transportation company's stock. Raymond James' price target suggests a potential upside of 33.09% from the company's previous close.

A number of other research firms have also commented on JBHT. Stephens restated an "overweight" rating and issued a $205.00 price objective on shares of J.B. Hunt Transport Services in a research report on Friday, January 17th. Barclays lowered their price objective on J.B. Hunt Transport Services from $180.00 to $165.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 2nd. Evercore ISI dropped their price target on J.B. Hunt Transport Services from $207.00 to $202.00 and set an "outperform" rating for the company in a research report on Friday, January 17th. Benchmark lowered their target price on shares of J.B. Hunt Transport Services from $195.00 to $175.00 and set a "buy" rating on the stock in a research note on Tuesday, April 1st. Finally, TD Cowen decreased their price target on shares of J.B. Hunt Transport Services from $180.00 to $171.00 and set a "hold" rating on the stock in a report on Friday, January 17th. Nine investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $168.45.

J.B. Hunt Transport Services Stock Performance

NASDAQ JBHT traded down $11.13 during trading on Friday, hitting $123.98. 1,621,947 shares of the company's stock traded hands, compared to its average volume of 947,143. The stock has a market capitalization of $12.40 billion, a price-to-earnings ratio of 22.30, a PEG ratio of 1.61 and a beta of 1.27. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.94 and a current ratio of 1.03. The business has a 50 day moving average of $152.97 and a 200-day moving average of $168.96. J.B. Hunt Transport Services has a 12-month low of $123.01 and a 12-month high of $200.40.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last issued its earnings results on Tuesday, April 15th. The transportation company reported $1.17 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.15 by $0.02. The business had revenue of $2.92 billion for the quarter, compared to analysts' expectations of $2.92 billion. J.B. Hunt Transport Services had a net margin of 4.72% and a return on equity of 14.05%. As a group, equities research analysts anticipate that J.B. Hunt Transport Services will post 6.37 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director James K. Thompson sold 4,400 shares of the stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $175.37, for a total transaction of $771,628.00. Following the sale, the director now directly owns 23,559 shares of the company's stock, valued at $4,131,541.83. This trade represents a 15.74 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Darren P. Field sold 1,200 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $161.67, for a total transaction of $194,004.00. Following the completion of the sale, the executive vice president now owns 17,822 shares of the company's stock, valued at $2,881,282.74. This represents a 6.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. National Pension Service bought a new position in shares of J.B. Hunt Transport Services during the 4th quarter valued at approximately $30,000. BankPlus Trust Department purchased a new position in J.B. Hunt Transport Services during the fourth quarter valued at approximately $34,000. Versant Capital Management Inc boosted its position in shares of J.B. Hunt Transport Services by 102.2% in the fourth quarter. Versant Capital Management Inc now owns 281 shares of the transportation company's stock worth $48,000 after purchasing an additional 142 shares during the period. EverSource Wealth Advisors LLC increased its stake in shares of J.B. Hunt Transport Services by 68.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 329 shares of the transportation company's stock worth $56,000 after purchasing an additional 134 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its stake in shares of J.B. Hunt Transport Services by 33.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 340 shares of the transportation company's stock valued at $58,000 after buying an additional 86 shares in the last quarter. 74.95% of the stock is currently owned by institutional investors.

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.