TD Cowen Increases J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target to $182.00

J.B. Hunt Transport Services (NASDAQ:JBHT) had its price target raised by TD Cowen from $160.00 to $182.00 in a research report report published on Wednesday, MarketBeat Ratings reports. TD Cowen currently has a hold rating on the transportation company’s stock.

Several other analysts also recently commented on the stock. Barclays decreased their price objective on shares of J.B. Hunt Transport Services from $170.00 to $160.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 17th. BMO Capital Markets reissued an “outperform” rating and set a $195.00 price target on shares of J.B. Hunt Transport Services in a report on Tuesday, September 24th. Benchmark reaffirmed a “buy” rating and issued a $185.00 price objective on shares of J.B. Hunt Transport Services in a research note on Wednesday, October 2nd. The Goldman Sachs Group cut their target price on J.B. Hunt Transport Services from $193.00 to $189.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th. Finally, JPMorgan Chase & Co. lowered their price target on J.B. Hunt Transport Services from $204.00 to $184.00 and set an “overweight” rating on the stock in a report on Tuesday, July 9th. Seven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, J.B. Hunt Transport Services currently has an average rating of “Moderate Buy” and a consensus price target of $186.78.

J.B. Hunt Transport Services Stock Performance

NASDAQ:JBHT opened at $180.15 on Wednesday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.21 and a current ratio of 1.21. The stock has a 50-day simple moving average of $170.28 and a two-hundred day simple moving average of $167.78. The firm has a market capitalization of $18.59 billion, a PE ratio of 28.60, a P/E/G ratio of 2.84 and a beta of 1.15. J.B. Hunt Transport Services has a 52-week low of $153.12 and a 52-week high of $219.51.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings data on Tuesday, October 15th. The transportation company reported $1.49 earnings per share for the quarter, beating analysts’ consensus estimates of $1.42 by $0.07. J.B. Hunt Transport Services had a return on equity of 14.77% and a net margin of 4.90%. The firm had revenue of $3.07 billion for the quarter, compared to analysts’ expectations of $3.04 billion. During the same period in the previous year, the firm earned $1.80 EPS. Analysts forecast that J.B. Hunt Transport Services will post 5.6 EPS for the current year.

Insiders Place Their Bets

In other J.B. Hunt Transport Services news, Director Persio V. Lisboa bought 600 shares of the firm’s stock in a transaction dated Friday, July 19th. The shares were purchased at an average cost of $163.47 per share, for a total transaction of $98,082.00. Following the transaction, the director now owns 3,594 shares of the company’s stock, valued at $587,511.18. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Persio V. Lisboa bought 600 shares of the business’s stock in a transaction dated Friday, July 19th. The shares were purchased at an average price of $163.47 per share, with a total value of $98,082.00. Following the transaction, the director now owns 3,594 shares in the company, valued at $587,511.18. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Darren P. Field sold 3,000 shares of the stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $175.03, for a total value of $525,090.00. Following the sale, the executive vice president now owns 14,150 shares in the company, valued at $2,476,674.50. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.10% of the company’s stock.

Hedge Funds Weigh In On J.B. Hunt Transport Services

A number of large investors have recently made changes to their positions in the company. Versant Capital Management Inc lifted its stake in J.B. Hunt Transport Services by 382.1% in the second quarter. Versant Capital Management Inc now owns 188 shares of the transportation company’s stock worth $30,000 after purchasing an additional 149 shares during the last quarter. Innealta Capital LLC bought a new stake in shares of J.B. Hunt Transport Services during the 2nd quarter worth approximately $31,000. nVerses Capital LLC purchased a new position in J.B. Hunt Transport Services during the 2nd quarter valued at $32,000. Ashton Thomas Private Wealth LLC purchased a new stake in J.B. Hunt Transport Services in the second quarter worth $36,000. Finally, International Assets Investment Management LLC bought a new stake in shares of J.B. Hunt Transport Services during the second quarter worth $40,000. 74.95% 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 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.