TD Cowen 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 lowered by equities research analysts at TD Cowen from $160.00 to $140.00 in a report issued on Wednesday, Marketbeat.com reports. The brokerage presently has a "hold" rating on the transportation company's stock. TD Cowen's target price indicates a potential upside of 8.33% from the stock's previous close.

Several other analysts also recently weighed in on the company. Benchmark dropped their price target on 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. Bank of America dropped their price objective on shares of J.B. Hunt Transport Services from $189.00 to $170.00 and set a "buy" rating on the stock in a report on Monday, March 17th. Barclays decreased their price target on J.B. Hunt Transport Services from $180.00 to $165.00 and set an "equal weight" rating for the company in a report on Wednesday, April 2nd. Deutsche Bank Aktiengesellschaft assumed coverage on J.B. Hunt Transport Services in a research note on Friday, March 7th. They set a "hold" rating and a $167.00 target price for the company. Finally, Wells Fargo & Company lowered their target price on shares of J.B. Hunt Transport Services from $190.00 to $170.00 and set an "overweight" rating on the stock in a research note on Thursday, March 27th. Ten investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, J.B. Hunt Transport Services has an average rating of "Moderate Buy" and a consensus target price of $162.20.

J.B. Hunt Transport Services Stock Up 3.6 %

JBHT stock traded up $4.50 during trading on Wednesday, reaching $129.23. 1,950,062 shares of the company traded hands, compared to its average volume of 939,167. The company has a market capitalization of $12.92 billion, a price-to-earnings ratio of 23.24, a price-to-earnings-growth 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 simple moving average of $150.62 and a 200 day simple moving average of $168.08. J.B. Hunt Transport Services has a 12 month low of $122.79 and a 12 month high of $200.40.

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

Insider Activity at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, Director James K. Thompson sold 4,400 shares of the stock in a transaction that occurred on Tuesday, January 21st. The shares were 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 in the company, valued at $4,131,541.83. This represents a 15.74 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Darren P. Field sold 1,200 shares of the company's stock in a transaction on Friday, March 7th. The stock was sold at an average price of $161.67, for a total value of $194,004.00. Following the sale, the executive vice president now directly owns 17,822 shares in the company, valued at $2,881,282.74. This represents a 6.31 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.30% of the company's stock.

Institutional Trading of J.B. Hunt Transport Services

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

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.