J.B. Hunt Transport Services (NASDAQ:JBHT – Get Free Report) had its price target reduced by investment analysts at Susquehanna from $345.00 to $305.00 in a report issued on Friday, Benzinga reports. The firm presently has a “positive” rating on the transportation company’s stock. Susquehanna’s price target suggests a potential upside of 34.24% from the stock’s previous close.
A number of other brokerages have also recently issued reports on JBHT. The Goldman Sachs Group set a $261.00 price objective on J.B. Hunt Transport Services in a report on Thursday, July 16th. Sanford C. Bernstein reiterated an “outperform” rating on shares of J.B. Hunt Transport Services in a research note on Thursday, July 16th. Morgan Stanley reissued an “underweight” rating and set a $200.00 price target (up from $190.00) on shares of J.B. Hunt Transport Services in a report on Monday, July 6th. Robert W. Baird reduced their price target on J.B. Hunt Transport Services from $320.00 to $290.00 and set an “outperform” rating for the company in a research note on Thursday, September 17th. Finally, Stephens upped their price objective on J.B. Hunt Transport Services from $360.00 to $370.00 and gave the company an “overweight” rating in a report on Thursday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $282.50.
Check Out Our Latest Stock Analysis on J.B. Hunt Transport Services
J.B. Hunt Transport Services Price Performance
J.B. Hunt Transport Services (NASDAQ:JBHT – Get Free Report) last announced its earnings results on Wednesday, July 15th. The transportation company reported $1.91 EPS for the quarter, topping the consensus estimate of $1.71 by $0.20. J.B. Hunt Transport Services had a net margin of 5.31% and a return on equity of 18.75%. The business had revenue of $3.50 billion during the quarter, compared to the consensus estimate of $3.26 billion. During the same quarter in the previous year, the firm posted $1.31 EPS. J.B. Hunt Transport Services’s revenue was up 19.4% compared to the same quarter last year. Equities analysts forecast that J.B. Hunt Transport Services will post 7.58 EPS for the current year.
Institutional Trading of J.B. Hunt Transport Services
Several large investors have recently modified their holdings of the stock. QRG Capital Management Inc. acquired a new position in J.B. Hunt Transport Services in the second quarter valued at about $219,000. Envestnet Portfolio Solutions Inc. acquired a new stake in J.B. Hunt Transport Services during the second quarter worth about $262,000. Andra AP fonden grew its stake in J.B. Hunt Transport Services by 4.3% during the second quarter. Andra AP fonden now owns 29,221 shares of the transportation company’s stock worth $8,457,000 after buying an additional 1,200 shares in the last quarter. Junto Capital Management LP increased its holdings in J.B. Hunt Transport Services by 9.3% in the 2nd quarter. Junto Capital Management LP now owns 426,492 shares of the transportation company’s stock valued at $123,440,000 after buying an additional 36,149 shares during the period. Finally, Sequoia Financial Advisors LLC increased its holdings in J.B. Hunt Transport Services by 5.3% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 7,546 shares of the transportation company’s stock valued at $2,184,000 after buying an additional 381 shares during the period. 74.95% of the stock is owned by institutional investors and hedge funds.
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.
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