Deutsche Bank Reiterates “$82.00” Price Target for J B Hunt Transport Services (NASDAQ:JBHT)

Deutsche Bank set a $82.00 target price on J B Hunt Transport Services (NASDAQ:JBHT) in a report issued on Thursday morning, Stock Target Advisor reports. The brokerage currently has a sell rating on the transportation company’s stock.

Other equities analysts have also issued research reports about the stock. UBS Group increased their price target on shares of Intact Financial from C$122.00 to C$133.00 in a report on Tuesday, June 18th. Argus increased their price target on shares of QUALCOMM to $95.00 and gave the stock a buy rating in a report on Wednesday, April 17th. Zacks Investment Research raised shares of Hanmi Financial from a sell rating to a hold rating in a report on Thursday, June 20th. Cowen reissued a market perform rating and issued a $112.00 price target (down previously from $122.00) on shares of J B Hunt Transport Services in a report on Tuesday, April 16th. Finally, ValuEngine lowered shares of Zosano Pharma from a buy rating to a hold rating in a report on Wednesday, May 1st. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of Hold and an average target price of $109.00.

Shares of NASDAQ:JBHT opened at $92.94 on Thursday. The business has a fifty day moving average of $89.00. The company has a market cap of $10.11 billion, a price-to-earnings ratio of 16.39, a price-to-earnings-growth ratio of 1.11 and a beta of 1.11. J B Hunt Transport Services has a one year low of $83.64 and a one year high of $129.98. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.58.

J B Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings results on Monday, April 15th. The transportation company reported $1.09 EPS for the quarter, missing the Zacks’ consensus estimate of $1.25 by ($0.16). The company had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.17 billion. J B Hunt Transport Services had a return on equity of 29.84% and a net margin of 5.61%. J B Hunt Transport Services’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.07 EPS. As a group, research analysts forecast that J B Hunt Transport Services will post 5.55 earnings per share for the current fiscal year.

In other J B Hunt Transport Services news, insider John N. Roberts bought 2,319 shares of J B Hunt Transport Services stock in a transaction that occurred on Tuesday, May 28th. The shares were bought at an average price of $86.23 per share, with a total value of $199,967.37. Following the acquisition, the insider now owns 288,739 shares in the company, valued at $24,897,963.97. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gary Charles George bought 5,000 shares of J B Hunt Transport Services stock in a transaction that occurred on Friday, May 3rd. The shares were acquired at an average cost of $94.52 per share, for a total transaction of $472,600.00. Following the acquisition, the director now owns 43,369 shares in the company, valued at approximately $4,099,237.88. The disclosure for this purchase can be found here. 3.60% of the stock is currently owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the stock. FTB Advisors Inc. bought a new position in shares of J B Hunt Transport Services during the 1st quarter valued at $25,000. Somerset Trust Co boosted its position in J B Hunt Transport Services by 169.1% during the 1st quarter. Somerset Trust Co now owns 296 shares of the transportation company’s stock valued at $30,000 after buying an additional 186 shares during the period. CSat Investment Advisory L.P. boosted its position in J B Hunt Transport Services by 116.0% during the 4th quarter. CSat Investment Advisory L.P. now owns 337 shares of the transportation company’s stock valued at $31,000 after buying an additional 181 shares during the period. Thor Advisors LLC purchased a new stake in J B Hunt Transport Services during the 1st quarter valued at $35,000. Finally, Pearl River Capital LLC boosted its position in J B Hunt Transport Services by 267.0% during the 1st quarter. Pearl River Capital LLC now owns 668 shares of the transportation company’s stock valued at $68,000 after buying an additional 486 shares during the period. 72.94% of the stock is currently owned by institutional investors.

About J B Hunt Transport Services

J.B. Hunt Transport Services, Inc, together with its subsidiaries, provides surface transportation and delivery services in the continental United States, Canada, and Mexico. It operates in four segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), and Truckload (JBT).

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

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