Credit Suisse Group Lowers J B Hunt Transport Services (NASDAQ:JBHT) to Neutral

Credit Suisse Group cut shares of J B Hunt Transport Services (NASDAQ:JBHT) from an outperform rating to a neutral rating in a report released on Thursday, BenzingaRatingsTable reports.

A number of other research analysts have also recently commented on JBHT. BidaskClub upgraded Zai Lab from a buy rating to a strong-buy rating in a research note on Friday, June 28th. ValuEngine lowered Zosano Pharma from a buy rating to a hold rating in a research report on Wednesday, May 1st. BMO Capital Markets reaffirmed a buy rating and set a $50.00 target price on shares of Fortis in a research report on Tuesday, April 16th. Stifel Nicolaus raised QUALCOMM from a hold rating to a buy rating and lifted their target price for the stock from $57.00 to $100.00 in a research report on Tuesday, April 16th. Finally, Goldman Sachs Group lowered EXPERIAN PLC/ADR from a buy rating to a neutral rating in a research report on Wednesday. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of $109.00.

Shares of JBHT opened at $92.94 on Thursday. The stock’s 50-day moving average is $89.00. The firm has a market capitalization of $10.11 billion, a PE ratio of 16.31, a PEG ratio of 1.11 and a beta of 1.11. J B Hunt Transport Services has a 12 month low of $83.64 and a 12 month high of $129.98. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.44 and a current ratio of 1.44.

J B Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings data on Monday, April 15th. The transportation company reported $1.09 EPS for the quarter, missing the Zacks’ consensus estimate of $1.25 by ($0.16). The company had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.17 billion. J B Hunt Transport Services had a return on equity of 29.84% and a net margin of 5.61%. The company’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.07 EPS. As a group, analysts predict that J B Hunt Transport Services will post 5.55 EPS for the current year.

In other news, insider John N. Roberts acquired 2,319 shares of the stock in a transaction that occurred on Tuesday, May 28th. The stock was purchased at an average cost of $86.23 per share, with a total value of $199,967.37. Following the completion of the acquisition, the insider now directly owns 288,739 shares in the company, valued at $24,897,963.97. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gary Charles George acquired 5,000 shares of the stock in a transaction that occurred on Friday, May 3rd. The stock was purchased at an average cost of $94.52 per share, with a total value of $472,600.00. Following the completion of the acquisition, the director now owns 43,369 shares of the company’s stock, valued at $4,099,237.88. The disclosure for this purchase can be found here. 3.60% of the stock is owned by insiders.

Institutional investors have recently made changes to their positions in the stock. FTB Advisors Inc. bought a new stake in J B Hunt Transport Services in the first quarter valued at about $25,000. Somerset Trust Co increased its holdings in J B Hunt Transport Services by 169.1% in the first quarter. Somerset Trust Co now owns 296 shares of the transportation company’s stock valued at $30,000 after buying an additional 186 shares during the last quarter. CSat Investment Advisory L.P. increased its holdings in J B Hunt Transport Services by 116.0% in the fourth quarter. CSat Investment Advisory L.P. now owns 337 shares of the transportation company’s stock valued at $31,000 after buying an additional 181 shares during the last quarter. Thor Advisors LLC bought a new stake in J B Hunt Transport Services in the first quarter valued at about $35,000. Finally, Pearl River Capital LLC increased its holdings in J B Hunt Transport Services by 267.0% in the first quarter. Pearl River Capital LLC now owns 668 shares of the transportation company’s stock valued at $68,000 after buying an additional 486 shares during the last quarter. 72.94% of the stock is owned by hedge funds and other institutional investors.

About J B Hunt Transport Services

J.B. Hunt Transport Services, Inc, together with its subsidiaries, provides surface transportation and delivery services in the continental United States, Canada, and Mexico. It operates in four segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), and Truckload (JBT).

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Analyst Recommendations for J B Hunt Transport Services (NASDAQ:JBHT)

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