J B Hunt Transport Services Inc (JBHT) Given Consensus Recommendation of “Buy” by Analysts

Shares of J B Hunt Transport Services Inc (NASDAQ:JBHT) have earned a consensus recommendation of “Buy” from the fifteen research firms that are covering the stock. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, nine have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $95.00.

Several research firms recently weighed in on JBHT. Cowen and Company lifted their target price on J B Hunt Transport Services from $88.00 to $108.00 and gave the company an “outperform” rating in a research report on Friday, December 9th. Zacks Investment Research downgraded J B Hunt Transport Services from a “hold” rating to a “sell” rating in a research report on Tuesday, February 14th. Credit Suisse Group AG reiterated an “outperform” rating and set a $107.00 target price (up from $102.00) on shares of J B Hunt Transport Services in a research report on Monday, March 6th. Barclays PLC downgraded J B Hunt Transport Services from an “overweight” rating to an “equal weight” rating and lifted their target price for the company from $90.00 to $97.00 in a research report on Monday, January 9th. Finally, KeyCorp lifted their target price on J B Hunt Transport Services from $89.00 to $99.00 and gave the company an “overweight” rating in a research report on Tuesday, November 29th.

In other J B Hunt Transport Services news, SVP John Kuhlow sold 500 shares of the firm’s stock in a transaction dated Friday, March 10th. The stock was sold at an average price of $96.68, for a total transaction of $48,340.00. Following the sale, the senior vice president now directly owns 3,999 shares of the company’s stock, valued at $386,623.32. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 4.50% of the stock is owned by company insiders.

Large investors have recently bought and sold shares of the stock. Norges Bank acquired a new stake in J B Hunt Transport Services during the fourth quarter worth approximately $110,378,000. Assenagon Asset Management S.A. acquired a new stake in J B Hunt Transport Services during the fourth quarter worth approximately $398,000. Sandler Capital Management acquired a new stake in J B Hunt Transport Services during the fourth quarter worth approximately $2,365,000. Numeric Investors LLC acquired a new stake in J B Hunt Transport Services during the fourth quarter worth approximately $379,000. Finally, Luminus Management LLC acquired a new stake in J B Hunt Transport Services during the fourth quarter worth approximately $48,388,000. 71.47% of the stock is currently owned by institutional investors and hedge funds.

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J B Hunt Transport Services (NASDAQ:JBHT) opened at 90.55 on Thursday. The stock has a market capitalization of $10.08 billion, a PE ratio of 23.77 and a beta of 0.81. J B Hunt Transport Services has a 12-month low of $75.71 and a 12-month high of $102.38. The stock has a 50 day moving average price of $96.97 and a 200-day moving average price of $91.34.

J B Hunt Transport Services (NASDAQ:JBHT) last released its earnings results on Thursday, January 19th. The company reported $1.05 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.01 by $0.04. The company had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.73 billion. J B Hunt Transport Services had a return on equity of 30.96% and a net margin of 6.60%. J B Hunt Transport Services’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.01 earnings per share. On average, equities analysts anticipate that J B Hunt Transport Services will post $4.15 earnings per share for the current fiscal year.

J B Hunt Transport Services Company Profile

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.

5 Day Chart for NASDAQ:JBHT

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