J.B. Hunt Transport Services (NASDAQ:JBHT) Given New $283.00 Price Target at JPMorgan Chase & Co.

J.B. Hunt Transport Services (NASDAQ:JBHT) had its price objective decreased by analysts at JPMorgan Chase & Co. from $287.00 to $283.00 in a research note issued to investors on Friday, Benzinga reports. The firm presently has an “overweight” rating on the transportation company’s stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 25.19% from the stock’s current price.

Several other equities analysts have also recently commented on JBHT. Wells Fargo & Company set a $285.00 target price on shares of J.B. Hunt Transport Services in a research note on Friday. Weiss Ratings cut shares of J.B. Hunt Transport Services from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, September 1st. Stifel Nicolaus reduced 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. Citigroup reaffirmed a “market outperform” rating on shares of J.B. Hunt Transport Services in a report on Friday. Finally, Stephens reiterated an “overweight” rating and set a $325.00 target price on shares of J.B. Hunt Transport Services in a research report on Friday. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $273.76.

J.B. Hunt Transport Services Stock Down 3.9%

Shares of NASDAQ JBHT traded down $9.26 during mid-day trading on Friday, reaching $226.05. 749,513 shares of the company traded hands, compared to its average volume of 1,012,768. The company’s fifty day moving average is $252.50 and its two-hundred day moving average is $259.27. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.26 and a current ratio of 1.26. J.B. Hunt Transport Services has a fifty-two week low of $157.82 and a fifty-two week high of $299.76. The stock has a market cap of $21.23 billion, a PE ratio of 31.97, a price-to-earnings-growth ratio of 1.93 and a beta of 1.31.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings results on Thursday, October 15th. The transportation company reported $1.82 EPS for the quarter, beating analysts’ consensus estimates of $1.81 by $0.01. The company 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 5.31% and a return on equity of 18.75%. The company’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.76 earnings per share. On average, analysts expect that J.B. Hunt Transport Services will post 7.34 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of JBHT. Elevation Wealth Partners LLC lifted its holdings in shares of J.B. Hunt Transport Services by 500.0% during the second quarter. Elevation Wealth Partners LLC now owns 150 shares of the transportation company’s stock valued at $43,000 after acquiring an additional 125 shares during the period. Basecamp Wealth Advisors LLC grew its holdings in shares of J.B. Hunt Transport Services by 250.0% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 217 shares of the transportation company’s stock worth $46,000 after purchasing an additional 155 shares during the last quarter. Parkside Financial Bank & Trust grew its holdings in shares of J.B. Hunt Transport Services by 17.9% in the 2nd quarter. Parkside Financial Bank & Trust now owns 250 shares of the transportation company’s stock worth $72,000 after purchasing 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 1st quarter worth about $102,000. Finally, SJS Investment Consulting Inc. increased its position in shares of J.B. Hunt Transport Services by 17.5% during the 1st quarter. SJS Investment Consulting Inc. now owns 570 shares of the transportation company’s stock worth $121,000 after purchasing an additional 85 shares in the last quarter. 74.95% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about 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 consensus. Earnings were $1.82 per share, slightly ahead of the $1.81 estimate and up from $1.76 a year earlier. J.B. Hunt earnings report
• Positive Sentiment: Citizens JMP reaffirmed its “market outperform” rating and assigned a $300 price target, implying substantial upside from recent trading levels. Citizens JMP rating report
• Neutral Sentiment: The company generated $172.4 million in quarterly profit and maintained an 18.75% return on equity, but its valuation remains demanding after significant prior gains, with a reported price-to-earnings ratio above 32. J.B. Hunt Q3: Rising Costs Bite, Shares Fairly Valued
• Negative Sentiment: Operating expenses climbed to approximately $3.43 billion, causing profit growth to trail the sharp increase in revenue. The resulting 5.31% net margin raised concerns that higher costs are limiting the benefit of the company’s top-line momentum. J.B. Hunt Reports Higher Profit, Steeper Operating Expenses
• Negative Sentiment: Several law firms announced investigations into potential securities claims involving J.B. Hunt. These announcements do not establish wrongdoing, but they add headline and potential legal risk for shareholders. Rosen investor investigation

J.B. Hunt Transport Services Company Profile

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.