Citizens Jmp Reaffirms Market Outperform Rating for J.B. Hunt Transport Services (NASDAQ:JBHT)

J.B. Hunt Transport Services (NASDAQ:JBHT)‘s stock had its “market outperform” rating reaffirmed by equities research analysts at Citizens Jmp in a research note issued on Friday, Benzinga reports. They presently have a $300.00 price target on the transportation company’s stock. Citizens Jmp’s price target points to a potential upside of 34.38% from the stock’s previous close.

A number of other research firms also recently commented on JBHT. Benchmark increased their price objective on shares of J.B. Hunt Transport Services from $250.00 to $300.00 and gave the company a “buy” rating in a report on Friday, June 26th. Stifel Nicolaus cut their price objective on shares of J.B. Hunt Transport Services from $292.00 to $289.00 and set a “hold” rating for the company in a report on Thursday, October 8th. Wall Street Zen downgraded shares of J.B. Hunt Transport Services from a “buy” rating to a “hold” rating in a report on Monday, September 21st. Wells Fargo & Company cut their price objective on shares of J.B. Hunt Transport Services from $305.00 to $285.00 and set an “overweight” rating for the company in a report on Friday. Finally, The Goldman Sachs Group set a $261.00 price objective on shares of J.B. Hunt Transport Services in a report on Thursday, July 16th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, J.B. Hunt Transport Services has a consensus rating of “Moderate Buy” and a consensus price target of $273.76.

J.B. Hunt Transport Services Price Performance

J.B. Hunt Transport Services stock traded down $5.53 during midday trading on Friday, reaching $223.25. The company had a trading volume of 923,913 shares, compared to its average volume of 1,016,835. The company has a market capitalization of $20.97 billion, a P/E ratio of 31.36, a P/E/G ratio of 1.92 and a beta of 1.31. J.B. Hunt Transport Services has a 12-month low of $157.82 and a 12-month high of $299.76. The firm’s fifty day simple moving average is $251.71 and its 200-day simple moving average is $259.44. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.23 and a quick ratio of 1.26.

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 for the quarter, beating analysts’ consensus estimates of $1.81 by $0.01. The firm had revenue of $3.68 billion for the quarter, compared to analyst estimates of $3.59 billion. J.B. Hunt Transport Services had a net margin of 5.07% and a return on equity of 18.72%. J.B. Hunt Transport Services’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same period last year, the company posted $1.76 EPS. As a group, equities analysts anticipate that J.B. Hunt Transport Services will post 7.26 EPS for the current year.

Institutional Trading of J.B. Hunt Transport Services

Hedge funds have recently bought and sold shares of the business. Elevation Wealth Partners LLC increased its holdings in shares of J.B. Hunt Transport Services by 500.0% during the 2nd quarter. Elevation Wealth Partners LLC now owns 150 shares of the transportation company’s stock worth $43,000 after buying an additional 125 shares during the last quarter. Basecamp Wealth Advisors LLC increased its holdings in shares of J.B. Hunt Transport Services by 250.0% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 217 shares of the transportation company’s stock worth $46,000 after buying an additional 155 shares during the last quarter. Parkside Financial Bank & Trust increased its holdings in shares of J.B. Hunt Transport Services by 17.9% during the 2nd quarter. Parkside Financial Bank & Trust now owns 250 shares of the transportation company’s stock worth $72,000 after buying an additional 38 shares during the last quarter. Westpac Banking Corp acquired a new stake in shares of J.B. Hunt Transport Services during the 2nd quarter worth approximately $131,000. Finally, Keating Financial Advisory Services Inc. acquired a new stake in shares of J.B. Hunt Transport Services during the 2nd quarter worth approximately $140,000. 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 his wife, Nellie, the company has grown into a major provider of freight transportation services across North America.

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