J B Hunt Transport Services (NASDAQ:JBHT) Given a $82.00 Price Target at Deutsche Bank

Deutsche Bank set a $82.00 target price on J B Hunt Transport Services (NASDAQ:JBHT) in a research note issued to investors on Thursday morning, Stock Target Advisor reports. The brokerage currently has a sell rating on the transportation company’s stock.

Several other equities analysts have also weighed in on the company. Buckingham Research cut their target price on Werner Enterprises from $43.00 to $42.00 and set a buy rating on the stock in a research note on Tuesday, April 2nd. BidaskClub lowered Zynerba Pharmaceuticals from a buy rating to a hold rating in a research note on Thursday. Zacks Investment Research raised Hanmi Financial from a sell rating to a hold rating in a research note on Thursday, June 20th. Stifel Nicolaus raised QUALCOMM from a hold rating to a buy rating and increased their target price for the company from $57.00 to $100.00 in a research note on Tuesday, April 16th. Finally, UBS Group increased their target price on Intact Financial from C$122.00 to C$133.00 in a research note on Tuesday, June 18th. Four equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of $109.00.

NASDAQ:JBHT opened at $92.94 on Thursday. J B Hunt Transport Services has a 1-year low of $83.64 and a 1-year high of $129.98. The firm has a 50-day moving average of $89.00. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $10.11 billion, a price-to-earnings ratio of 16.39, a price-to-earnings-growth ratio of 1.12 and a beta of 1.11.

J B Hunt Transport Services (NASDAQ:JBHT) last released its earnings results on Monday, April 15th. The transportation company reported $1.09 earnings per share for the quarter, missing the consensus estimate of $1.25 by ($0.16). J B Hunt Transport Services had a net margin of 5.61% and a return on equity of 29.84%. The company had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.17 billion. During the same period in the previous year, the company posted $1.07 EPS. The company’s quarterly revenue was up 7.3% compared to the same quarter last year. As a group, sell-side analysts expect 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 firm’s stock in a transaction that occurred on Tuesday, May 28th. The stock was acquired at an average cost of $86.23 per share, for a total transaction of $199,967.37. Following the completion of the acquisition, the insider now owns 288,739 shares in the company, valued at $24,897,963.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gary Charles George acquired 5,000 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The shares were purchased at an average price 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 approximately $4,099,237.88. The disclosure for this purchase can be found here. Company insiders own 3.60% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Nissay Asset Management Corp Japan ADV grew its holdings in shares of J B Hunt Transport Services by 1.9% during the first quarter. Nissay Asset Management Corp Japan ADV now owns 21,036 shares of the transportation company’s stock worth $2,131,000 after buying an additional 385 shares in the last quarter. Piedmont Investment Advisors Inc. grew its stake in J B Hunt Transport Services by 2.1% in the first quarter. Piedmont Investment Advisors Inc. now owns 7,752 shares of the transportation company’s stock valued at $785,000 after purchasing an additional 158 shares in the last quarter. Geode Capital Management LLC grew its stake in J B Hunt Transport Services by 6.4% in the fourth quarter. Geode Capital Management LLC now owns 1,239,550 shares of the transportation company’s stock valued at $115,143,000 after purchasing an additional 74,521 shares in the last quarter. Lord Abbett & CO. LLC grew its stake in J B Hunt Transport Services by 6.9% in the fourth quarter. Lord Abbett & CO. LLC now owns 293,868 shares of the transportation company’s stock valued at $27,341,000 after purchasing an additional 19,000 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. grew its stake in J B Hunt Transport Services by 9.2% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 16,802 shares of the transportation company’s stock valued at $1,564,000 after purchasing an additional 1,410 shares in the last quarter. Institutional investors and hedge funds own 72.91% of the company’s stock.

J B Hunt Transport Services Company Profile

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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