Raymond James Financial Has Lowered Expectations for J.B. Hunt Transport Services (NASDAQ:JBHT) Stock Price

J.B. Hunt Transport Services (NASDAQ:JBHT) had its target price cut by analysts at Raymond James Financial from $315.00 to $300.00 in a research report issued on Thursday, Benzinga reports. The firm presently has an “outperform” rating on the transportation company’s stock. Raymond James Financial’s price objective would indicate a potential upside of 25.91% from the stock’s current price.

A number of other research analysts have also issued reports on the company. TD Cowen boosted their target price on J.B. Hunt Transport Services from $265.00 to $297.00 and gave the company a “hold” rating in a report on Thursday, July 16th. Stifel Nicolaus increased their price target on J.B. Hunt Transport Services from $225.00 to $261.00 and gave the stock a “hold” rating in a report on Monday, July 13th. Citigroup raised J.B. Hunt Transport Services from a “market perform” rating to an “outperform” rating in a report on Thursday. Morgan Stanley restated an “underweight” rating and set a $200.00 price objective (up from $190.00) on shares of J.B. Hunt Transport Services in a research report on Monday, July 6th. Finally, The Goldman Sachs Group set a $261.00 target price on shares of J.B. Hunt Transport Services in a research note on Thursday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $285.29.

J.B. Hunt Transport Services Stock Performance

Shares of JBHT traded up $1.54 during mid-day trading on Thursday, hitting $238.27. 425,717 shares of the company’s stock were exchanged, compared to its average volume of 1,003,653. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.31. J.B. Hunt Transport Services has a fifty-two week low of $130.12 and a fifty-two week high of $299.76. The business’s 50 day moving average is $273.86 and its two-hundred day moving average is $256.52. The firm has a market capitalization of $22.38 billion, a P/E ratio of 33.72, a P/E/G ratio of 2.07 and a beta of 1.29.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings results on Wednesday, July 15th. The transportation company reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.71 by $0.20. The firm had revenue of $3.50 billion for the quarter, compared to analysts’ expectations of $3.26 billion. J.B. Hunt Transport Services had a return on equity of 18.75% and a net margin of 5.31%.The firm’s revenue for the quarter was up 19.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.31 EPS. On average, equities analysts expect that J.B. Hunt Transport Services will post 7.75 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Elevation Wealth Partners LLC grew its stake in J.B. Hunt Transport Services by 500.0% in the 2nd quarter. Elevation Wealth Partners LLC now owns 150 shares of the transportation company’s stock valued at $43,000 after acquiring an additional 125 shares during the last quarter. Root Financial Partners LLC raised its position in J.B. Hunt Transport Services by 25.4% during the fourth quarter. Root Financial Partners LLC now owns 232 shares of the transportation company’s stock worth $45,000 after acquiring an additional 47 shares during the last quarter. Basecamp Wealth Advisors LLC raised its position in J.B. Hunt Transport Services by 250.0% during the first quarter. Basecamp Wealth Advisors LLC now owns 217 shares of the transportation company’s stock worth $46,000 after acquiring an additional 155 shares during the last quarter. Larson Financial Group LLC lifted its holdings in shares of J.B. Hunt Transport Services by 47.0% in the fourth quarter. Larson Financial Group LLC now owns 269 shares of the transportation company’s stock valued at $52,000 after purchasing an additional 86 shares in the last quarter. Finally, Manchester Capital Management LLC lifted its holdings in shares of J.B. Hunt Transport Services by 378.1% in the fourth quarter. Manchester Capital Management LLC now owns 349 shares of the transportation company’s stock valued at $68,000 after purchasing an additional 276 shares in the last quarter. Institutional investors and hedge funds own 74.95% of the company’s stock.

More J.B. Hunt Transport Services News

Here are the key news stories impacting J.B. Hunt Transport Services this week:

• Positive Sentiment: Citizens JMP upgraded JBHT from “market perform” to “outperform” and assigned a $300 price target, suggesting approximately 27% upside from the referenced price of $236.73.
• Positive Sentiment: Robert W. Baird reduced its target from $320 to $290 but maintained an “outperform” rating, while Wells Fargo lowered its target from $335 to $305 and kept an “overweight” rating. The target reductions reflect near-term caution, but both firms continue to expect longer-term appreciation.
• Neutral Sentiment: Analyst actions were mixed: Citizens JMP became more bullish, while Baird and Wells Fargo cut their targets following the earnings warning. Zacks Research also downgraded the stock from “strong buy” to “hold.”
• Negative Sentiment: J.B. Hunt warned at the Morgan Stanley Laguna Conference that third-quarter earnings are expected to decline 5% to 10%. Higher diesel prices are expected to pressure profitability, with investors concerned that fuel-cost increases may outpace the company’s ability to recover them through pricing and surcharges. CNBC earnings warning article
• Negative Sentiment: The warning triggered a broad selloff in JBHT and other trucking stocks, as investors reassessed near-term earnings estimates and margins. Coverage emphasized that elevated fuel costs could hit the bottom line even if freight demand remains relatively stable. Investopedia fuel-cost article
• Negative Sentiment: Rosen Law Firm is seeking investors to participate in an inquiry into a potential securities class action involving J.B. Hunt. The investigation adds a legal-risk overhang, although no finding of wrongdoing has been established. Rosen Law Firm investigation article

J.B. Hunt Transport Services Company Profile

J.B. Hunt Transport Services, Inc is a transportation and logistics company headquartered in Lowell, Arkansas. Through its operating segments, the company provides freight transportation, logistics and supply-chain services to customers across North America.

Its principal businesses include intermodal transportation, which combines rail and trucking; dedicated contract services, which provides customized transportation and fleet-management solutions; and integrated capacity solutions, which matches customer freight with available transportation capacity.