KeyCorp reissued their buy rating on shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) in a report released on Friday. They currently have a $115.00 price target on the transportation company’s stock. KeyCorp also issued estimates for J.B. Hunt Transport Services’ Q3 2017 earnings at $0.97 EPS.

A number of other brokerages have also commented on JBHT. Zacks Investment Research raised J.B. Hunt Transport Services from a hold rating to a buy rating and set a $115.00 price target on the stock in a report on Tuesday. BMO Capital Markets reaffirmed a hold rating and set a $95.00 target price on shares of J.B. Hunt Transport Services in a report on Wednesday. Cowen and Company reaffirmed a buy rating and set a $102.00 target price on shares of J.B. Hunt Transport Services in a report on Friday, August 25th. BidaskClub raised J.B. Hunt Transport Services from a sell rating to a hold rating in a report on Thursday, August 17th. Finally, Stifel Nicolaus set a $91.00 target price on J.B. Hunt Transport Services and gave the stock a hold rating in a report on Wednesday, August 23rd. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. J.B. Hunt Transport Services has an average rating of Buy and an average target price of $100.75.

J.B. Hunt Transport Services (JBHT) traded up 1.03% during trading on Friday, hitting $105.75. 510,823 shares of the stock were exchanged. J.B. Hunt Transport Services has a one year low of $76.20 and a one year high of $105.92. The company has a market cap of $11.57 billion, a price-to-earnings ratio of 27.74 and a beta of 0.93. The stock’s 50 day moving average is $97.10 and its 200-day moving average is $91.90.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings results on Monday, July 17th. The transportation company reported $0.88 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.04). The business had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.74 billion. J.B. Hunt Transport Services had a net margin of 6.32% and a return on equity of 30.00%. J.B. Hunt Transport Services’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same period last year, the business posted $0.92 earnings per share. On average, equities research analysts expect that J.B. Hunt Transport Services will post $3.88 earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: This news story was reported by Watch List News and is the property of of Watch List News. If you are accessing this news story on another domain, it was stolen and republished in violation of international copyright and trademark laws. The original version of this news story can be read at https://www.watchlistnews.com/j-b-hunt-transport-services-inc-jbht-receives-buy-rating-from-keycorp/1582986.html.

In related news, Chairman James K. Thompson sold 8,503 shares of J.B. Hunt Transport Services stock in a transaction dated Wednesday, July 19th. The stock was sold at an average price of $91.76, for a total value of $780,235.28. Following the transaction, the chairman now owns 51,846 shares of the company’s stock, valued at approximately $4,757,388.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP John Kuhlow sold 810 shares of J.B. Hunt Transport Services stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $93.71, for a total value of $75,905.10. Following the completion of the transaction, the senior vice president now directly owns 3,999 shares in the company, valued at approximately $374,746.29. The disclosure for this sale can be found here. Insiders sold a total of 1,052,872 shares of company stock worth $103,066,436 in the last three months. 4.30% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Lord Abbett & CO. LLC increased its stake in J.B. Hunt Transport Services by 9.2% in the 2nd quarter. Lord Abbett & CO. LLC now owns 158,981 shares of the transportation company’s stock worth $14,528,000 after purchasing an additional 13,355 shares in the last quarter. Toronto Dominion Bank increased its stake in J.B. Hunt Transport Services by 24.1% in the 2nd quarter. Toronto Dominion Bank now owns 29,101 shares of the transportation company’s stock worth $2,658,000 after purchasing an additional 5,642 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in J.B. Hunt Transport Services in the 2nd quarter worth about $211,000. Castleark Management LLC increased its stake in J.B. Hunt Transport Services by 9.3% in the 2nd quarter. Castleark Management LLC now owns 249,957 shares of the transportation company’s stock worth $22,841,000 after purchasing an additional 21,324 shares in the last quarter. Finally, Nomura Holdings Inc. increased its stake in J.B. Hunt Transport Services by 2,346.5% in the 2nd quarter. Nomura Holdings Inc. now owns 204,184 shares of the transportation company’s stock worth $18,664,000 after purchasing an additional 195,838 shares in the last quarter. 71.54% of the stock is currently owned by hedge funds and other institutional investors.

About J.B. Hunt Transport Services

J.B. Hunt Transport Services, Inc is a surface transportation, delivery, and logistics company in North America. The Company segments include Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS) and Truck (JBT). The Company, through its subsidiaries, provides transportation and delivery services to a range of customers and consumers throughout the continental United States, Canada and Mexico.

Analyst Recommendations for J.B. Hunt Transport Services (NASDAQ:JBHT)

Receive News & Ratings for J.B. Hunt Transport Services Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J.B. Hunt Transport Services Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.