Credit Suisse Group reaffirmed their outperform rating on shares of J.B. Hunt Transport Services (NASDAQ:JBHT) in a research report sent to investors on Monday, The Fly reports. Credit Suisse Group currently has a $129.00 price target on the transportation company’s stock, up from their previous price target of $111.00.

A number of other equities analysts have also recently issued reports on JBHT. Zacks Investment Research upgraded shares of J.B. Hunt Transport Services from a hold rating to a buy rating and set a $115.00 price objective on the stock in a research report on Tuesday, September 19th. BMO Capital Markets reaffirmed a hold rating and issued a $95.00 price target on shares of J.B. Hunt Transport Services in a research note on Wednesday, September 20th. KeyCorp reaffirmed a buy rating and issued a $115.00 price target on shares of J.B. Hunt Transport Services in a research note on Friday, September 22nd. Stifel Nicolaus raised shares of J.B. Hunt Transport Services from a hold rating to a buy rating and raised their price target for the stock from $91.00 to $125.00 in a research note on Friday, September 29th. Finally, Cowen reaffirmed a buy rating and issued a $102.00 price target on shares of J.B. Hunt Transport Services in a research note on Sunday, October 1st. One analyst has rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the stock. J.B. Hunt Transport Services has a consensus rating of Hold and a consensus target price of $114.28.

Shares of J.B. Hunt Transport Services (NASDAQ:JBHT) traded up $0.82 during trading hours on Monday, reaching $120.93. 938,600 shares of the company were exchanged, compared to its average volume of 1,025,063. J.B. Hunt Transport Services has a one year low of $83.35 and a one year high of $121.19. The stock has a market cap of $13,270.00, a PE ratio of 32.25, a PEG ratio of 1.94 and a beta of 1.05. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.48 and a current ratio of 1.48.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings data on Friday, October 13th. The transportation company reported $0.91 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.05). J.B. Hunt Transport Services had a net margin of 6.05% and a return on equity of 28.90%. The firm had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.82 billion. During the same quarter in the previous year, the firm posted $0.97 EPS. J.B. Hunt Transport Services’s revenue was up 9.0% compared to the same quarter last year. equities research analysts predict that J.B. Hunt Transport Services will post 3.77 EPS for the current fiscal year.

In other J.B. Hunt Transport Services news, EVP Bradley W. Hicks sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $110.33, for a total transaction of $110,330.00. Following the transaction, the executive vice president now owns 16,690 shares of the company’s stock, valued at approximately $1,841,407.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP John Kuhlow sold 500 shares of the firm’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $112.55, for a total transaction of $56,275.00. Following the transaction, the senior vice president now directly owns 3,499 shares in the company, valued at approximately $393,812.45. The disclosure for this sale can be found here. Insiders have sold a total of 101,500 shares of company stock worth $11,095,605 in the last three months. Insiders own 4.30% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of JBHT. Atlanta Capital Management Co. L L C increased its position in J.B. Hunt Transport Services by 15.4% during the 2nd quarter. Atlanta Capital Management Co. L L C now owns 3,568,728 shares of the transportation company’s stock valued at $326,110,000 after purchasing an additional 477,144 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of J.B. Hunt Transport Services by 65.4% in the 2nd quarter. Renaissance Technologies LLC now owns 1,034,544 shares of the transportation company’s stock valued at $94,537,000 after buying an additional 409,200 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in shares of J.B. Hunt Transport Services by 121.1% in the 2nd quarter. Janus Henderson Group PLC now owns 626,522 shares of the transportation company’s stock valued at $57,252,000 after buying an additional 343,147 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of J.B. Hunt Transport Services by 8.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,888,361 shares of the transportation company’s stock valued at $320,840,000 after buying an additional 233,071 shares in the last quarter. Finally, Alyeska Investment Group L.P. bought a new stake in shares of J.B. Hunt Transport Services in the 3rd quarter valued at about $25,531,000. 70.93% of the stock is currently owned by institutional investors and hedge funds.

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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.

The Fly

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

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