Evercore ISI Cuts J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target to $202.00

J.B. Hunt Transport Services (NASDAQ:JBHT) had its price objective reduced by Evercore ISI from $207.00 to $202.00 in a research report report published on Friday,Benzinga reports. They currently have an outperform rating on the transportation company’s stock.

A number of other equities research analysts also recently commented on JBHT. Raymond James lifted their target price on shares of J.B. Hunt Transport Services from $195.00 to $200.00 and gave the stock an “outperform” rating in a research report on Friday, January 10th. Loop Capital boosted their price objective on shares of J.B. Hunt Transport Services from $173.00 to $187.00 and gave the company a “hold” rating in a research report on Thursday, October 17th. The Goldman Sachs Group cut their price objective on shares of J.B. Hunt Transport Services from $193.00 to $189.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th. Benchmark reissued a “buy” rating and set a $195.00 price objective on shares of J.B. Hunt Transport Services in a research report on Friday, January 10th. Finally, Susquehanna raised shares of J.B. Hunt Transport Services from a “neutral” rating to a “positive” rating and set a $200.00 price objective for the company in a research report on Friday, January 3rd. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $191.67.

J.B. Hunt Transport Services Trading Down 7.4 %

NASDAQ:JBHT opened at $172.45 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.26. J.B. Hunt Transport Services has a 12 month low of $153.12 and a 12 month high of $219.51. The company has a market cap of $17.39 billion, a PE ratio of 31.35, a price-to-earnings-growth ratio of 2.94 and a beta of 1.16. The company has a 50 day simple moving average of $180.08 and a two-hundred day simple moving average of $174.06.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its earnings results on Thursday, January 16th. The transportation company reported $1.53 EPS for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.09). 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 $3.15 billion during the quarter, compared to the consensus estimate of $3.13 billion. During the same period last year, the firm posted $1.47 EPS. The company’s revenue for the quarter was down 4.5% on a year-over-year basis. Research analysts forecast that J.B. Hunt Transport Services will post 5.67 earnings per share for the current year.

Insiders Place Their Bets

In other J.B. Hunt Transport Services news, EVP Eric Mcgee sold 145 shares of the business’s 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 owns 700 shares in the company, valued at $127,904. The trade was a 17.16 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Darren P. Field sold 1,500 shares of the business’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 completion of the sale, the executive vice president now owns 12,650 shares in the company, valued at approximately $2,321,275. The trade was a 10.60 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,459 shares of company stock worth $2,136,277 in the last 90 days. 2.10% of the stock is currently owned by corporate insiders.

Institutional Trading of J.B. Hunt Transport Services

Several hedge funds have recently bought and sold shares of JBHT. Acadian Asset Management LLC purchased a new stake in J.B. Hunt Transport Services in the 2nd quarter worth $248,000. Choreo LLC purchased a new stake in shares of J.B. Hunt Transport Services during the 2nd quarter valued at about $218,000. Dimensional Fund Advisors LP raised its position in shares of J.B. Hunt Transport Services by 25.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 953,749 shares of the transportation company’s stock valued at $152,589,000 after buying an additional 193,684 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in shares of J.B. Hunt Transport Services during the 2nd quarter valued at about $16,887,000. Finally, Amalgamated Bank raised its position in shares of J.B. Hunt Transport Services by 31.9% during the 2nd quarter. Amalgamated Bank now owns 22,509 shares of the transportation company’s stock valued at $3,601,000 after buying an additional 5,442 shares in the last quarter. Hedge funds and other institutional investors own 74.95% of the company’s stock.

J.B. Hunt Transport Services Company Profile

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.