J B Hunt Transport Services (NASDAQ:JBHT) Stock Rating Upgraded by BidaskClub

J B Hunt Transport Services (NASDAQ:JBHT) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued on Friday, BidAskClub reports.

A number of other brokerages also recently weighed in on JBHT. Stephens reissued a “buy” rating and set a $43.00 target price on shares of PacWest Bancorp in a research note on Tuesday, July 16th. Cowen reissued a “buy” rating and set a $258.00 target price on shares of Canadian Pacific Railway in a research note on Tuesday, July 16th. UBS Group lifted their target price on shares of Intact Financial from C$122.00 to C$133.00 in a research note on Tuesday, June 18th. Susquehanna Bancshares lifted their target price on shares of J B Hunt Transport Services from $110.00 to $114.00 in a research note on Tuesday, July 16th. Finally, Barclays lowered their target price on shares of Kansas City Southern from $130.00 to $128.00 and set an “equal weight” rating for the company in a research note on Thursday, April 4th. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $107.13.

JBHT stock opened at $103.74 on Friday. The company’s fifty day simple moving average is $90.25. The company has a market capitalization of $11.28 billion, a P/E ratio of 18.30, a P/E/G ratio of 1.25 and a beta of 1.11. J B Hunt Transport Services has a 52-week low of $83.64 and a 52-week high of $127.93. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.30 and a quick ratio of 1.44.

J B Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings results on Monday, July 15th. The transportation company reported $1.23 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.35 by ($0.12). The business had revenue of $2.26 billion for the quarter, compared to the consensus estimate of $2.26 billion. J B Hunt Transport Services had a net margin of 5.33% and a return on equity of 29.35%. J B Hunt Transport Services’s revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.37 EPS. As a group, sell-side analysts expect that J B Hunt Transport Services will post 5.53 earnings per share for the current year.

In related news, insider John N. Roberts purchased 2,319 shares of the firm’s stock in a transaction on Tuesday, May 28th. The stock was purchased at an average cost of $86.23 per share, with a total value of $199,967.37. Following the completion of the purchase, the insider now owns 288,739 shares in the company, valued at approximately $24,897,963.97. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Chairman James K. Thompson sold 2,000 shares of J B Hunt Transport Services stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $97.33, for a total transaction of $194,660.00. Following the completion of the sale, the chairman now directly owns 41,679 shares of the company’s stock, valued at $4,056,617.07. The disclosure for this sale can be found here. Insiders own 3.60% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the business. FTB Advisors Inc. bought a new stake in J B Hunt Transport Services in the first quarter valued at $25,000. Somerset Trust Co grew its holdings in shares of J B Hunt Transport Services by 169.1% during the first 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 last quarter. CSat Investment Advisory L.P. grew its holdings in shares of J B Hunt Transport Services by 116.0% during the fourth 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 last quarter. Thor Advisors LLC acquired a new position in shares of J B Hunt Transport Services during the first quarter valued at about $35,000. Finally, Pearl River Capital LLC grew its holdings in shares of J B Hunt Transport Services by 267.0% during the first 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 last quarter. 72.91% of the stock is owned by hedge funds and other institutional investors.

J B Hunt Transport Services Company Profile

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).

Further Reading: What are the Benefits of Index Funds?

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

Receive News & Ratings for J B Hunt Transport Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J B Hunt Transport Services and related companies with MarketBeat.com's FREE daily email newsletter.