J.B. Hunt Transport Services (NASDAQ:JBHT) Given New $305.00 Price Target at Susquehanna

J.B. Hunt Transport Services (NASDAQ:JBHT) had its target price dropped by stock analysts at Susquehanna from $345.00 to $305.00 in a research note issued on Friday, Benzinga reports. The firm presently has a “positive” rating on the transportation company’s stock. Susquehanna’s price objective points to a potential upside of 34.24% from the stock’s previous close.

A number of other research analysts have also recently issued reports on the company. Robert W. Baird decreased their target price on J.B. Hunt Transport Services from $320.00 to $290.00 and set an “outperform” rating on the stock in a research report on Thursday, September 17th. Bank of America dropped their target price on shares of J.B. Hunt Transport Services from $340.00 to $302.00 and set a “buy” rating for the company in a report on Wednesday, September 16th. JPMorgan Chase & Co. raised their price target on shares of J.B. Hunt Transport Services from $280.00 to $313.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. BMO Capital Markets reaffirmed an “outperform” rating on shares of J.B. Hunt Transport Services in a report on Wednesday, September 16th. Finally, UBS Group lowered their price objective on shares of J.B. Hunt Transport Services from $291.00 to $264.00 and set a “neutral” rating for the company in a research report on Thursday, September 17th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $282.50.

J.B. Hunt Transport Services Trading Up 1.4%

Shares of JBHT stock opened at $227.20 on Friday. J.B. Hunt Transport Services has a fifty-two week low of $132.15 and a fifty-two week high of $299.76. The stock’s fifty day moving average price is $261.51 and its two-hundred day moving average price is $257.40. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.26 and a current ratio of 1.26. The company has a market cap of $21.34 billion, a PE ratio of 32.18, a P/E/G ratio of 1.80 and a beta of 1.31.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings results on Wednesday, July 15th. The transportation company reported $1.91 EPS for the quarter, topping analysts’ consensus estimates of $1.71 by $0.20. J.B. Hunt Transport Services had a return on equity of 18.75% and a net margin of 5.31%.The company had revenue of $3.50 billion during the quarter, compared to analysts’ expectations of $3.26 billion. During the same quarter in the previous year, the firm earned $1.31 EPS. J.B. Hunt Transport Services’s revenue was up 19.4% on a year-over-year basis. Equities analysts predict that J.B. Hunt Transport Services will post 7.58 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in JBHT. QRG Capital Management Inc. bought a new position in J.B. Hunt Transport Services in the 2nd quarter valued at approximately $219,000. Envestnet Portfolio Solutions Inc. acquired a new stake in J.B. Hunt Transport Services during the 2nd quarter worth approximately $262,000. Andra AP fonden grew its holdings in J.B. Hunt Transport Services by 4.3% during the 2nd quarter. Andra AP fonden now owns 29,221 shares of the transportation company’s stock worth $8,457,000 after acquiring an additional 1,200 shares during the last quarter. Junto Capital Management LP grew its holdings in J.B. Hunt Transport Services by 9.3% during the 2nd quarter. Junto Capital Management LP now owns 426,492 shares of the transportation company’s stock worth $123,440,000 after acquiring an additional 36,149 shares during the last quarter. Finally, Sequoia Financial Advisors LLC increased its position in J.B. Hunt Transport Services by 5.3% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 7,546 shares of the transportation company’s stock valued at $2,184,000 after acquiring an additional 381 shares during the period. 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 is a transportation and logistics company headquartered in Lowell, Arkansas. Founded in 1961 by Johnnie Bryan Hunt and Johnelle Hunt, the company has grown from a small trucking operation into a major provider of freight transportation and supply-chain services across North America.

The company’s primary business activities include intermodal transportation, which combines rail and truck services; dedicated contract services, which provides customized fleet and delivery operations for individual customers; and integrated capacity solutions, including freight brokerage and third-party logistics.