J B Hunt Transport Services (NASDAQ:JBHT) was downgraded by research analysts at BidaskClub from a “hold” rating to a “sell” rating in a report released on Thursday, BidAskClub reports.

A number of other equities analysts also recently issued reports on JBHT. Credit Suisse Group set a $82.00 price target on InterXion and gave the stock a “buy” rating in a research report on Thursday. Stifel Nicolaus raised QUALCOMM from a “hold” rating to a “buy” rating and upped their price target for the stock from $57.00 to $100.00 in a research report on Tuesday, April 16th. ValuEngine downgraded Zosano Pharma from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. Cowen reaffirmed a “market perform” rating and set a $112.00 price target (down from $122.00) on shares of J B Hunt Transport Services in a research report on Tuesday, April 16th. Finally, Deutsche Bank downgraded J B Hunt Transport Services from a “buy” rating to a “sell” rating and set a $98.51 price target on the stock. in a research report on Wednesday, April 17th. Four analysts have rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the company’s stock. J B Hunt Transport Services currently has an average rating of “Hold” and a consensus target price of $109.00.

Shares of JBHT stock opened at $92.94 on Thursday. The business’s fifty day simple moving average is $89.00. The firm has a market capitalization of $10.11 billion, a P/E ratio of 16.39, a PEG ratio of 1.04 and a beta of 1.11. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.44 and a current ratio of 1.44. J B Hunt Transport Services has a 12-month low of $83.64 and a 12-month high of $129.98.

J B Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings results on Monday, April 15th. The transportation company reported $1.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.16). The business had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.17 billion. J B Hunt Transport Services had a return on equity of 29.84% and a net margin of 5.61%. The business’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.07 earnings per share. As a group, sell-side analysts forecast that J B Hunt Transport Services will post 5.62 earnings per share for the current year.

In other J B Hunt Transport Services news, Director Gary Charles George purchased 5,000 shares of the stock in a transaction on Friday, May 3rd. The shares were bought at an average cost of $94.52 per share, with a total value of $472,600.00. Following the completion of the acquisition, the director now owns 43,369 shares in the company, valued at $4,099,237.88. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider John N. Roberts purchased 2,319 shares of the stock in a transaction on Tuesday, May 28th. The stock was acquired at an average cost of $86.23 per share, for a total transaction of $199,967.37. Following the completion of the acquisition, the insider now owns 288,739 shares of the company’s stock, valued at approximately $24,897,963.97. The disclosure for this purchase can be found here. 3.60% of the stock is owned by insiders.

Large investors have recently bought and sold shares of the business. FTB Advisors Inc. purchased a new stake in J B Hunt Transport Services in the first quarter valued at $25,000. Somerset Trust Co boosted its holdings in J B Hunt Transport Services by 169.1% in the first quarter. Somerset Trust Co now owns 296 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 186 shares during the last quarter. CSat Investment Advisory L.P. boosted its holdings in J B Hunt Transport Services by 116.0% in the fourth quarter. CSat Investment Advisory L.P. now owns 337 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 181 shares during the last quarter. Thor Advisors LLC purchased a new stake in J B Hunt Transport Services in the first quarter valued at $35,000. Finally, Pearl River Capital LLC boosted its holdings in J B Hunt Transport Services by 267.0% in the first quarter. Pearl River Capital LLC now owns 668 shares of the transportation company’s stock valued at $68,000 after purchasing an additional 486 shares during the last quarter. 72.94% of the stock is currently owned by institutional investors.

J B Hunt Transport Services Company Profile

J.B. Hunt Transport Services, Inc, together with its subsidiaries, provides surface transportation and delivery services in the continental United States, Canada, and Mexico. It operates in four segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), and Truckload (JBT).

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

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