J.B. Hunt Transport Services (NASDAQ:JBHT) PT Raised to $198.00 at Credit Suisse Group


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J.B. Hunt Transport Services (NASDAQ:JBHT) had its price objective upped by equities research analysts at Credit Suisse Group from $188.00 to $198.00 in a research note issued on Thursday, Benzinga reports. The brokerage presently has an “outperform” rating on the transportation company’s stock. Credit Suisse Group’s price objective would suggest a potential upside of 18.72% from the company’s previous close.

A number of other analysts have also issued reports on JBHT. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell raised J.B. Hunt Transport Services from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $150.00 to $165.00 in a research report on Wednesday, January 6th. BMO Capital Markets lifted their price target on J.B. Hunt Transport Services from $149.00 to $160.00 and gave the stock a “market perform” rating in a research note on Wednesday. Wells Fargo & Company lifted their price target on J.B. Hunt Transport Services from $174.00 to $190.00 and gave the stock an “overweight” rating in a research note on Tuesday. Cowen lifted their price target on J.B. Hunt Transport Services from $145.00 to $167.00 and gave the stock a “market perform” rating in a research note on Friday, April 16th. Finally, Stephens lifted their price target on J.B. Hunt Transport Services from $155.00 to $167.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 5th. Eleven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. J.B. Hunt Transport Services has a consensus rating of “Buy” and a consensus price target of $159.19.

Shares of NASDAQ JBHT opened at $166.78 on Thursday. J.B. Hunt Transport Services has a 1 year low of $95.30 and a 1 year high of $178.40. The firm has a market cap of $17.63 billion, a price-to-earnings ratio of 35.87, a PEG ratio of 1.66 and a beta of 1.00. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.58 and a current ratio of 1.58. The stock’s 50-day simple moving average is $164.23 and its 200-day simple moving average is $144.34.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its earnings results on Wednesday, April 14th. The transportation company reported $1.37 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.23 by $0.14. J.B. Hunt Transport Services had a return on equity of 21.07% and a net margin of 5.31%. The business had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.51 billion. During the same period in the previous year, the company earned $0.98 earnings per share. The company’s revenue for the quarter was up 14.9% compared to the same quarter last year. As a group, research analysts predict that J.B. Hunt Transport Services will post 4.57 EPS for the current year.

In other news, Director Earl Wayne Garrison sold 50,000 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Monday, March 8th. The stock was sold at an average price of $159.91, for a total transaction of $7,995,500.00. Following the sale, the director now owns 1,291,603 shares of the company’s stock, valued at $206,540,235.73. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman James K. Thompson sold 5,000 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Monday, March 1st. The shares were sold at an average price of $150.87, for a total value of $754,350.00. Following the sale, the chairman now directly owns 35,038 shares in the company, valued at approximately $5,286,183.06. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 56,500 shares of company stock worth $8,970,035. Corporate insiders own 3.51% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in JBHT. Great West Life Assurance Co. Can raised its holdings in J.B. Hunt Transport Services by 8.1% during the third quarter. Great West Life Assurance Co. Can now owns 49,239 shares of the transportation company’s stock worth $6,219,000 after purchasing an additional 3,677 shares in the last quarter. Van ECK Associates Corp raised its holdings in J.B. Hunt Transport Services by 13.0% during the third quarter. Van ECK Associates Corp now owns 5,064 shares of the transportation company’s stock worth $640,000 after purchasing an additional 583 shares in the last quarter. Mercer Global Advisors Inc. ADV bought a new stake in J.B. Hunt Transport Services during the third quarter worth approximately $201,000. Virtu Financial LLC bought a new stake in J.B. Hunt Transport Services during the third quarter worth approximately $785,000. Finally, Louisiana State Employees Retirement System raised its holdings in J.B. Hunt Transport Services by 23.8% during the fourth quarter. Louisiana State Employees Retirement System now owns 5,200 shares of the transportation company’s stock worth $711,000 after purchasing an additional 1,000 shares in the last quarter. 69.25% of the stock is currently owned by institutional investors.

About J.B. Hunt Transport Services

J.B. Hunt Transport Services, Inc provides surface transportation and delivery services in North America. It operates through five segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), Final Mile Services (FMS), and Truckload (JBT). The JBI segment offers intermodal freight solutions.

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

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