J.B. Hunt Transport Services (NASDAQ:JBHT) Stock Price Expected to Rise, Citigroup Analyst Says

J.B. Hunt Transport Services (NASDAQ:JBHT) had its target price boosted by Citigroup from $204.00 to $227.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the transportation company’s stock. Citigroup’s price target indicates a potential upside of 19.98% from the stock’s current price.

Other equities analysts also recently issued reports about the company. Susquehanna lifted their target price on J.B. Hunt Transport Services from $160.00 to $165.00 and gave the company a “neutral” rating in a research note on Wednesday, October 16th. TD Cowen upped their price target on shares of J.B. Hunt Transport Services from $160.00 to $182.00 and gave the stock a “hold” rating in a research note on Wednesday, October 16th. Loop Capital lifted their target price on J.B. Hunt Transport Services from $173.00 to $187.00 and gave the stock a “hold” rating in a report on Thursday, October 17th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $195.00 price target on shares of J.B. Hunt Transport Services in a report on Wednesday, October 16th. Finally, Stifel Nicolaus raised their target price on shares of J.B. Hunt Transport Services from $151.00 to $167.00 and gave the stock a “hold” rating in a report on Wednesday, October 16th. Seven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $190.11.

J.B. Hunt Transport Services Trading Down 1.7 %

Shares of JBHT opened at $189.20 on Tuesday. J.B. Hunt Transport Services has a twelve month low of $153.12 and a twelve month high of $219.51. The firm has a market capitalization of $19.08 billion, a P/E ratio of 34.40, a price-to-earnings-growth ratio of 3.29 and a beta of 1.14. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.26. The stock’s fifty day simple moving average is $175.00 and its 200 day simple moving average is $167.98.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its earnings results on Tuesday, October 15th. The transportation company reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.07. J.B. Hunt Transport Services had a return on equity of 13.92% and a net margin of 4.65%. The company had revenue of $3.07 billion during the quarter, compared to the consensus estimate of $3.04 billion. During the same quarter in the prior year, the business earned $1.80 earnings per share. On average, equities research analysts forecast that J.B. Hunt Transport Services will post 5.7 earnings per share for the current year.

Insider Activity at J.B. Hunt Transport Services

In other news, EVP Darren P. Field sold 1,500 shares of the company’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $183.50, for a total transaction of $275,250.00. Following the transaction, the executive vice president now owns 12,650 shares of the company’s stock, valued at $2,321,275. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, EVP Darren P. Field sold 3,000 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $175.03, for a total value of $525,090.00. Following the transaction, the executive vice president now owns 14,150 shares of the company’s stock, valued at $2,476,674.50. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Darren P. Field sold 1,500 shares of the firm’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $183.50, for a total value of $275,250.00. Following the completion of the transaction, the executive vice president now owns 12,650 shares in the company, valued at $2,321,275. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,314 shares of company stock valued at $1,534,052 over the last quarter. Corporate insiders own 2.10% of the company’s stock.

Hedge Funds Weigh In On J.B. Hunt Transport Services

Several hedge funds have recently added to or reduced their stakes in JBHT. Studio Investment Management LLC raised its position in shares of J.B. Hunt Transport Services by 5.4% during the third quarter. Studio Investment Management LLC now owns 1,068 shares of the transportation company’s stock worth $184,000 after purchasing an additional 55 shares during the period. Empirical Finance LLC lifted its stake in J.B. Hunt Transport Services by 2.0% in the third quarter. Empirical Finance LLC now owns 2,855 shares of the transportation company’s stock valued at $492,000 after buying an additional 56 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of J.B. Hunt Transport Services by 18.3% in the third quarter. Farther Finance Advisors LLC now owns 388 shares of the transportation company’s stock valued at $67,000 after buying an additional 60 shares during the period. Huntington National Bank increased its position in shares of J.B. Hunt Transport Services by 21.8% during the third quarter. Huntington National Bank now owns 341 shares of the transportation company’s stock worth $59,000 after acquiring an additional 61 shares in the last quarter. Finally, Greenleaf Trust raised its holdings in shares of J.B. Hunt Transport Services by 4.0% during the third quarter. Greenleaf Trust now owns 1,599 shares of the transportation company’s stock worth $276,000 after acquiring an additional 62 shares during the period. Institutional investors and hedge funds own 74.95% of the company’s stock.

About J.B. Hunt Transport Services

J.B. Hunt Transport Services, Inc provides surface transportation, delivery, and logistic services in the United States. 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.