Raymond James Boosts J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target to $200.00

J.B. Hunt Transport Services (NASDAQ:JBHTGet Free Report) had its price objective upped by investment analysts at Raymond James from $195.00 to $200.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has an “outperform” rating on the transportation company’s stock. Raymond James’ target price points to a potential upside of 14.75% from the stock’s previous close.

A number of other research firms have also recently commented on JBHT. Barclays increased their target price on J.B. Hunt Transport Services from $175.00 to $195.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 13th. Citigroup increased their target price on J.B. Hunt Transport Services from $204.00 to $227.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. BMO Capital Markets reissued an “outperform” rating and issued a $195.00 target price on shares of J.B. Hunt Transport Services in a research note on Wednesday, October 16th. Benchmark reissued a “buy” rating and issued a $195.00 target price on shares of J.B. Hunt Transport Services in a research note on Friday. Finally, Evercore ISI increased their target price on J.B. Hunt Transport Services from $183.00 to $185.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, J.B. Hunt Transport Services has a consensus rating of “Moderate Buy” and an average target price of $192.11.

Check Out Our Latest Report on JBHT

J.B. Hunt Transport Services Price Performance

Shares of J.B. Hunt Transport Services stock opened at $174.29 on Friday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.26. The company has a market cap of $17.57 billion, a PE ratio of 31.69, a P/E/G ratio of 2.86 and a beta of 1.16. The business has a 50 day moving average of $180.77 and a 200 day moving average of $173.16. J.B. Hunt Transport Services has a 52 week low of $153.12 and a 52 week high of $219.51.

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

Insider Transactions at J.B. Hunt Transport Services

In related news, CEO Shelley Simpson sold 6,000 shares of the business’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $183.47, for a total transaction of $1,100,820.00. Following the completion of the transaction, the chief executive officer now owns 82,264 shares in the company, valued at $15,092,976.08. The trade was a 6.80 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Eric Mcgee sold 145 shares of J.B. Hunt Transport Services stock in a transaction on Friday, December 6th. The shares were sold at an average price of $182.72, for a total value of $26,494.40. Following the sale, the executive vice president now directly owns 700 shares of the company’s stock, valued at approximately $127,904. This trade represents a 17.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,459 shares of company stock worth $2,136,277. 2.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On J.B. Hunt Transport Services

A number of institutional investors and hedge funds have recently bought and sold shares of JBHT. Catalyst Capital Advisors LLC bought a new stake in J.B. Hunt Transport Services during the 3rd quarter valued at $26,000. True Wealth Design LLC raised its position in J.B. Hunt Transport Services by 2,028.6% during the 3rd quarter. True Wealth Design LLC now owns 149 shares of the transportation company’s stock valued at $26,000 after purchasing an additional 142 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in J.B. Hunt Transport Services during the 2nd quarter valued at $36,000. Cromwell Holdings LLC raised its position in J.B. Hunt Transport Services by 47.2% during the 3rd quarter. Cromwell Holdings LLC now owns 237 shares of the transportation company’s stock valued at $41,000 after purchasing an additional 76 shares in the last quarter. Finally, Versant Capital Management Inc raised its position in shares of J.B. Hunt Transport Services by 102.2% in the 4th quarter. Versant Capital Management Inc now owns 281 shares of the transportation company’s stock worth $48,000 after acquiring an additional 142 shares in the last quarter. 74.95% of the stock is owned by institutional investors.

About J.B. Hunt Transport Services

(Get Free Report)

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.

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

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