J.B. Hunt Transport Services (NASDAQ:JBHT) Stock Rating Reaffirmed as Market Outperform by Citizens Jmp

J.B. Hunt Transport Services (NASDAQ:JBHT)‘s stock had its “market outperform” rating reissued by Citizens Jmp in a research note issued on Friday, Benzinga reports. They currently have a $300.00 price objective on the transportation company’s stock. Citizens Jmp’s target price would indicate a potential upside of 32.28% from the stock’s current price.

JBHT has been the topic of a number of other reports. Truist Financial decreased their price target on J.B. Hunt Transport Services from $295.00 to $235.00 and set a “hold” rating on the stock in a research note on Wednesday, October 7th. Sanford C. Bernstein reduced their price objective on J.B. Hunt Transport Services from $329.00 to $307.00 and set an “outperform” rating on the stock in a research note on Wednesday. Barclays reduced their price objective on J.B. Hunt Transport Services from $300.00 to $285.00 and set an “equal weight” rating on the stock in a research note on Wednesday, September 16th. Susquehanna reduced their price objective on J.B. Hunt Transport Services from $345.00 to $305.00 and set a “positive” rating on the stock in a research note on Friday, October 2nd. Finally, Robert W. Baird reduced their price objective on J.B. Hunt Transport Services from $320.00 to $290.00 and set an “outperform” rating on the stock in a research note on Thursday, September 17th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $273.76.

J.B. Hunt Transport Services Trading Down 3.6%

NASDAQ:JBHT traded down $8.52 during mid-day trading on Friday, reaching $226.79. The company’s stock had a trading volume of 959,112 shares, compared to its average volume of 1,013,913. The company’s fifty day simple moving average is $252.50 and its two-hundred day simple moving average is $259.27. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.26 and a quick ratio of 1.26. J.B. Hunt Transport Services has a twelve month low of $157.82 and a twelve month high of $299.76. The stock has a market cap of $21.30 billion, a P/E ratio of 32.15, a P/E/G ratio of 1.93 and a beta of 1.31.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings results on Thursday, October 15th. The transportation company reported $1.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.81 by $0.01. J.B. Hunt Transport Services had a return on equity of 18.75% and a net margin of 5.31%. The firm had revenue of $3.68 billion for the quarter, compared to analyst estimates of $3.59 billion. During the same period last year, the company earned $1.76 EPS. The firm’s quarterly revenue was up 20.4% on a year-over-year basis. On average, equities analysts predict that J.B. Hunt Transport Services will post 7.34 EPS for the current year.

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

Several hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. acquired a new position in J.B. Hunt Transport Services during the 2nd quarter worth approximately $1,833,602,000. Bank of America Corp DE increased its holdings in shares of J.B. Hunt Transport Services by 2.4% in the 1st quarter. Bank of America Corp DE now owns 454,610 shares of the transportation company’s stock valued at $96,332,000 after acquiring an additional 10,664 shares during the last quarter. Impact Partnership Wealth LLC bought a new stake in shares of J.B. Hunt Transport Services in the 1st quarter valued at approximately $1,054,000. OP Asset Management Ltd bought a new stake in shares of J.B. Hunt Transport Services in the 1st quarter valued at approximately $1,681,000. Finally, Bank of Nova Scotia grew its stake in J.B. Hunt Transport Services by 45.7% during the 1st quarter. Bank of Nova Scotia now owns 39,514 shares of the transportation company’s stock worth $8,373,000 after buying an additional 12,386 shares during the last quarter. 74.95% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting J.B. Hunt Transport Services

Here are the key news stories impacting J.B. Hunt Transport Services this week:

• Positive Sentiment: J.B. Hunt reported third-quarter revenue of $3.68 billion, up 20.4% year over year and above the $3.59 billion analyst estimate. EPS was $1.82 versus the $1.81 consensus, while profit increased from $1.76 per share a year earlier. J.B. Hunt Q3 earnings and revenues beat estimates
• Positive Sentiment: Several analysts remain constructive: JPMorgan maintained an “overweight” rating with a $283 price target, while Citizens JMP reiterated “market outperform” with a $300 target, suggesting long-term upside if margins recover. JPMorgan price-target update
• Neutral Sentiment: TD Cowen reduced its price target modestly to $279 from $283, signaling continued confidence in the business but somewhat lower near-term expectations. TD Cowen price-target update
• Negative Sentiment: Operating expenses rose to $3.43 billion, causing profit growth to lag the sharp increase in revenue. Investors viewed the small EPS beat as insufficient, particularly because underlying metrics and margins were weaker than expected. J.B. Hunt reports higher profit and steeper operating expenses
• Negative Sentiment: JPMorgan cautioned that many investors may be overestimating how quickly J.B. Hunt’s margins can improve. That raises concern that the stock’s valuation—after a substantial prior rally—already reflects a faster recovery than management may deliver. Analyst commentary after J.B. Hunt’s Q3 report
• Negative Sentiment: Investor-law-firm announcements regarding potential securities claims add headline and litigation risk, although the investigations do not establish wrongdoing. Securities class-action investigation announcement

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.