Credit Suisse Group Trims J B Hunt Transport Services (NASDAQ:JBHT) Target Price to $110.00

J B Hunt Transport Services (NASDAQ:JBHT) had its price target decreased by equities researchers at Credit Suisse Group from $113.00 to $110.00 in a research report issued to clients and investors on Tuesday, BenzingaRatingsTable reports. The brokerage currently has a “neutral” rating on the transportation company’s stock. Credit Suisse Group’s target price would suggest a potential downside of 3.84% from the company’s previous close.

A number of other research analysts also recently weighed in on JBHT. Knight Equity downgraded shares of J B Hunt Transport Services from a “top pick” rating to a “neutral” rating and cut their price target for the company from $124.00 to $119.00 in a report on Tuesday, October 8th. They noted that the move was a valuation call. Barclays restated a “hold” rating and set a $125.00 price target on shares of J B Hunt Transport Services in a report on Sunday. BidaskClub downgraded shares of J B Hunt Transport Services from a “hold” rating to a “sell” rating in a report on Saturday, January 18th. Cowen restated a “hold” rating and set a $118.00 price target (down previously from $120.00) on shares of J B Hunt Transport Services in a report on Tuesday. Finally, Stephens cut their price target on shares of J B Hunt Transport Services from $133.00 to $131.00 and set an “overweight” rating on the stock in a report on Tuesday. Three investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and three have given a buy rating to the stock. J B Hunt Transport Services presently has an average rating of “Hold” and a consensus price target of $114.00.

JBHT stock opened at $114.39 on Tuesday. The company has a market cap of $12.22 billion, a price-to-earnings ratio of 22.56, a PEG ratio of 1.33 and a beta of 1.11. The company has a 50 day moving average of $115.94 and a two-hundred day moving average of $110.23. The company has a quick ratio of 1.29, a current ratio of 1.43 and a debt-to-equity ratio of 0.57. J B Hunt Transport Services has a 12-month low of $83.64 and a 12-month high of $122.29.

J B Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings results on Friday, January 17th. The transportation company reported $1.35 earnings per share for the quarter, missing analysts’ consensus estimates of $1.52 by ($0.17). The business had revenue of $2.45 billion for the quarter, compared to the consensus estimate of $2.46 billion. J B Hunt Transport Services had a net margin of 5.99% and a return on equity of 25.65%. The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.81 EPS. On average, research analysts anticipate that J B Hunt Transport Services will post 5.75 EPS for the current year.

In related news, Director Earl Wayne Garrison sold 100,000 shares of the firm’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $120.22, for a total value of $12,022,000.00. Following the transaction, the director now directly owns 1,583,354 shares in the company, valued at approximately $190,350,817.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO David G. Mee sold 2,500 shares of the firm’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $121.06, for a total transaction of $302,650.00. Following the completion of the transaction, the chief financial officer now owns 108,650 shares in the company, valued at $13,153,169. The disclosure for this sale can be found here. Insiders sold a total of 105,810 shares of company stock worth $12,722,810 over the last quarter. 3.60% of the stock is currently owned by company insiders.

A number of large investors have recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in J B Hunt Transport Services by 23.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 20,199 shares of the transportation company’s stock valued at $2,359,000 after buying an additional 3,896 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in J B Hunt Transport Services by 123.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 46,213 shares of the transportation company’s stock valued at $5,397,000 after buying an additional 25,556 shares during the last quarter. Raymond James Trust N.A. grew its stake in J B Hunt Transport Services by 6.2% in the 4th quarter. Raymond James Trust N.A. now owns 2,974 shares of the transportation company’s stock valued at $348,000 after buying an additional 174 shares during the last quarter. DNB Asset Management AS grew its stake in J B Hunt Transport Services by 7.6% in the 4th quarter. DNB Asset Management AS now owns 17,435 shares of the transportation company’s stock valued at $2,036,000 after buying an additional 1,225 shares during the last quarter. Finally, Contravisory Investment Management Inc. acquired a new position in J B Hunt Transport Services in the 4th quarter valued at $381,000. Institutional investors and hedge funds own 75.33% of the company’s stock.

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).

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

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