Raymond James Financial Forecasts Strong Price Appreciation for J.B. Hunt Transport Services (NASDAQ:JBHT) Stock

J.B. Hunt Transport Services (NASDAQ:JBHT) had its target price boosted by Raymond James Financial from $155.00 to $165.00 in a research report sent to investors on Tuesday morning,Benzinga reports. The firm currently has an outperform rating on the transportation company’s stock.

Several other analysts have also commented on JBHT. Truist Financial raised their price objective on shares of J.B. Hunt Transport Services from $130.00 to $140.00 and gave the stock a “hold” rating in a report on Monday, June 30th. The Goldman Sachs Group set a $164.00 price target on shares of J.B. Hunt Transport Services in a research report on Tuesday, July 8th. TD Cowen cut their target price on shares of J.B. Hunt Transport Services from $160.00 to $140.00 and set a “hold” rating for the company in a research report on Wednesday, April 16th. Stephens cut their target price on shares of J.B. Hunt Transport Services from $170.00 to $165.00 and set an “overweight” rating for the company in a research report on Wednesday, April 16th. Finally, Bank of America lifted their target price on shares of J.B. Hunt Transport Services from $166.00 to $171.00 and gave the stock a “buy” rating in a research report on Thursday, July 10th. Ten research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $164.90.

J.B. Hunt Transport Services Price Performance

JBHT stock traded down $2.71 during midday trading on Tuesday, reaching $149.98. The company had a trading volume of 244,661 shares, compared to its average volume of 995,313. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.87 and a quick ratio of 0.89. J.B. Hunt Transport Services has a 1 year low of $122.79 and a 1 year high of $200.40. The company has a market capitalization of $14.88 billion, a P/E ratio of 27.27, a P/E/G ratio of 2.18 and a beta of 1.29. The firm has a 50-day moving average price of $144.39 and a 200-day moving average price of $151.51.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its earnings results on Tuesday, July 15th. The transportation company reported $1.31 earnings per share for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.03). J.B. Hunt Transport Services had a return on equity of 14.26% and a net margin of 4.59%. The firm had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $2.93 billion. During the same quarter in the prior year, the company posted $1.32 earnings per share. The business’s revenue for the quarter was up .0% on a year-over-year basis. On average, research analysts anticipate that J.B. Hunt Transport Services will post 6.37 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were given a dividend of $0.44 per share. The ex-dividend date was Friday, May 9th. This represents a $1.76 dividend on an annualized basis and a yield of 1.17%. J.B. Hunt Transport Services’s payout ratio is 32.00%.

Insider Buying and Selling

In related news, COO Nicholas Hobbs purchased 1,529 shares of the business’s stock in a transaction on Wednesday, April 23rd. The shares were acquired at an average price of $130.75 per share, for a total transaction of $199,916.75. Following the purchase, the chief operating officer owned 91,847 shares of the company’s stock, valued at $12,008,995.25. This trade represents a 1.69% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in JBHT. Summit Securities Group LLC raised its holdings in shares of J.B. Hunt Transport Services by 19,600.0% in the first quarter. Summit Securities Group LLC now owns 197 shares of the transportation company’s stock worth $29,000 after buying an additional 196 shares during the last quarter. Allworth Financial LP raised its holdings in shares of J.B. Hunt Transport Services by 167.0% in the first quarter. Allworth Financial LP now owns 235 shares of the transportation company’s stock worth $35,000 after buying an additional 147 shares during the last quarter. National Pension Service raised its holdings in shares of J.B. Hunt Transport Services by 74.9% in the first quarter. National Pension Service now owns 306 shares of the transportation company’s stock worth $45,000 after buying an additional 131 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in shares of J.B. Hunt Transport Services by 38.6% in the second quarter. Farther Finance Advisors LLC now owns 316 shares of the transportation company’s stock worth $45,000 after buying an additional 88 shares during the last quarter. Finally, TD Private Client Wealth LLC raised its holdings in shares of J.B. Hunt Transport Services by 49.3% in the first quarter. TD Private Client Wealth LLC now owns 330 shares of the transportation company’s stock worth $49,000 after buying an additional 109 shares during 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.