Bank of America Increases J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target to $175.00

J.B. Hunt Transport Services (NASDAQ:JBHT) had its price target lifted by research analysts at Bank of America from $153.00 to $175.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has a “buy” rating on the transportation company’s stock. Bank of America‘s target price suggests a potential upside of 6.16% from the company’s current price.

JBHT has been the topic of several other research reports. Robert W. Baird started coverage on J.B. Hunt Transport Services in a report on Tuesday, July 1st. They issued an “outperform” rating and a $169.00 price objective on the stock. UBS Group downgraded J.B. Hunt Transport Services from a “buy” rating to a “neutral” rating and boosted their price target for the company from $155.00 to $157.00 in a report on Friday, September 5th. The Goldman Sachs Group set a $164.00 price target on J.B. Hunt Transport Services in a report on Tuesday, July 8th. Barclays reduced their price target on J.B. Hunt Transport Services from $145.00 to $135.00 and set an “equal weight” rating on the stock in a report on Thursday, October 2nd. Finally, Raymond James Financial upped their target price on J.B. Hunt Transport Services from $165.00 to $175.00 and gave the stock an “outperform” rating in a report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $165.55.

J.B. Hunt Transport Services Stock Down 2.8%

JBHT opened at $164.85 on Thursday. The company has a market cap of $15.96 billion, a P/E ratio of 28.57, a P/E/G ratio of 2.68 and a beta of 1.24. The business’s 50-day moving average price is $141.14 and its 200-day moving average price is $141.14. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.25. 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) last released its quarterly earnings data on Wednesday, October 15th. The transportation company reported $1.76 EPS for the quarter, topping the consensus estimate of $1.46 by $0.30. The firm had revenue of $3.05 billion for the quarter, compared to the consensus estimate of $3.02 billion. J.B. Hunt Transport Services had a return on equity of 15.16% and a net margin of 4.75%.The company’s quarterly revenue was down .5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.49 earnings per share. On average, equities analysts expect that J.B. Hunt Transport Services will post 6.37 EPS for the current year.

Insider Buying and Selling

In other J.B. Hunt Transport Services news, EVP Eric Mcgee acquired 1,148 shares of the stock in a transaction that occurred on Monday, August 4th. The shares were acquired at an average cost of $140.76 per share, with a total value of $161,592.48. Following the transaction, the executive vice president owned 7,397 shares of the company’s stock, valued at $1,041,201.72. The trade was a 18.37% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP David Keefauver sold 989 shares of the company’s stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $151.97, for a total value of $150,298.33. Following the completion of the transaction, the executive vice president directly owned 946 shares in the company, valued at $143,763.62. This trade represents a 51.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.30% of the company’s stock.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in JBHT. SG Americas Securities LLC lifted its position in J.B. Hunt Transport Services by 179.8% in the 1st quarter. SG Americas Securities LLC now owns 3,990 shares of the transportation company’s stock valued at $590,000 after acquiring an additional 2,564 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of J.B. Hunt Transport Services by 8.1% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 6,596 shares of the transportation company’s stock valued at $976,000 after buying an additional 494 shares during the period. Exchange Traded Concepts LLC lifted its holdings in shares of J.B. Hunt Transport Services by 13.2% during the 1st quarter. Exchange Traded Concepts LLC now owns 731 shares of the transportation company’s stock valued at $108,000 after buying an additional 85 shares during the period. State of Alaska Department of Revenue lifted its holdings in shares of J.B. Hunt Transport Services by 2.5% during the 1st quarter. State of Alaska Department of Revenue now owns 9,308 shares of the transportation company’s stock valued at $1,377,000 after buying an additional 225 shares during the period. Finally, Kentucky Retirement Systems Insurance Trust Fund bought a new position in shares of J.B. Hunt Transport Services during the 1st quarter valued at $349,000. 74.95% of the stock is 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.