J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target Raised to $227.00 at Citigroup

J.B. Hunt Transport Services (NASDAQ:JBHTGet Free Report) had its price objective increased by research analysts at Citigroup from $204.00 to $227.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the transportation company’s stock. Citigroup’s target price indicates a potential upside of 15.55% from the stock’s current price.

A number of other research firms have also issued reports on JBHT. Bank of America lifted their price objective on shares of J.B. Hunt Transport Services from $188.00 to $196.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Susquehanna lifted their price objective on shares of 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. Benchmark restated a “buy” rating and set a $185.00 price objective on shares of J.B. Hunt Transport Services in a research note on Wednesday, October 16th. Barclays boosted their price target on shares of J.B. Hunt Transport Services from $160.00 to $175.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 16th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $195.00 target price on shares of J.B. Hunt Transport Services in a research note on Wednesday, October 16th. Seven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $189.00.

View Our Latest Research Report on JBHT

J.B. Hunt Transport Services Price Performance

NASDAQ JBHT traded down $0.74 during trading hours on Tuesday, reaching $196.45. The company’s stock had a trading volume of 493,800 shares, compared to its average volume of 861,980. The stock has a market cap of $19.81 billion, a PE ratio of 35.75, a PEG ratio of 3.28 and a beta of 1.14. J.B. Hunt Transport Services has a fifty-two week low of $153.12 and a fifty-two week high of $219.51. The company’s 50-day moving average is $174.29 and its two-hundred day moving average is $167.61. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.94 and a current ratio of 0.94.

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

Insider Activity

In related news, SVP Kevin Bracy sold 1,614 shares of the firm’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $189.87, for a total value of $306,450.18. Following the completion of the transaction, the senior vice president now directly owns 8,235 shares of the company’s stock, valued at approximately $1,563,579.45. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, SVP Kevin Bracy sold 1,614 shares of the firm’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $189.87, for a total transaction of $306,450.18. Following the completion of the transaction, the senior vice president now owns 8,235 shares of the company’s stock, valued at approximately $1,563,579.45. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Darren P. Field sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $183.50, for a total value of $275,250.00. Following the sale, the executive vice president now owns 12,650 shares of the company’s stock, valued at approximately $2,321,275. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,314 shares of company stock worth $1,534,052 in the last 90 days. Corporate insiders own 2.10% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Catalyst Capital Advisors LLC acquired a new stake in shares of J.B. Hunt Transport Services during the third quarter worth $26,000. Versant Capital Management Inc boosted its position in shares of J.B. Hunt Transport Services by 382.1% during the 2nd quarter. Versant Capital Management Inc now owns 188 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 149 shares in the last quarter. Innealta Capital LLC acquired a new position in shares of J.B. Hunt Transport Services in the second quarter worth about $31,000. nVerses Capital LLC bought a new position in J.B. Hunt Transport Services during the second quarter valued at approximately $32,000. Finally, Ashton Thomas Private Wealth LLC bought a new position in J.B. Hunt Transport Services during the second quarter valued at approximately $36,000. 74.95% of the stock is currently owned by institutional investors.

J.B. Hunt Transport Services Company Profile

(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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