J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target Increased to $230.00 by Analysts at Citigroup

J.B. Hunt Transport Services (NASDAQ:JBHT) had its price target raised by Citigroup from $205.00 to $230.00 in a research note issued to investors on Wednesday, The Fly reports.

JBHT has been the subject of a number of other reports. BMO Capital Markets increased their price target on J.B. Hunt Transport Services from $165.00 to $180.00 and gave the stock a market perform rating in a report on Monday, October 18th. Raymond James increased their price target on J.B. Hunt Transport Services from $200.00 to $215.00 and gave the stock an outperform rating in a report on Friday, January 7th. Zacks Investment Research upgraded J.B. Hunt Transport Services from a hold rating to a buy rating and set a $202.00 price target for the company in a report on Wednesday, October 20th. Vertical Research cut J.B. Hunt Transport Services from a buy rating to a hold rating in a report on Monday, October 11th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on J.B. Hunt Transport Services from $154.00 to $201.00 and gave the company a hold rating in a report on Wednesday, October 20th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of Hold and an average target price of $194.56.

NASDAQ JBHT opened at $202.07 on Wednesday. The stock has a market cap of $21.22 billion, a PE ratio of 32.07, a P/E/G ratio of 1.66 and a beta of 1.07. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.32. J.B. Hunt Transport Services has a twelve month low of $133.36 and a twelve month high of $208.87. The stock has a fifty day simple moving average of $198.09 and a 200-day simple moving average of $182.69.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings results on Thursday, October 14th. The transportation company reported $1.88 earnings per share for the quarter, topping analysts’ consensus estimates of $1.77 by $0.11. The business had revenue of $3.14 billion during the quarter, compared to analysts’ expectations of $3.03 billion. J.B. Hunt Transport Services had a return on equity of 24.36% and a net margin of 5.90%. The company’s revenue was up 27.2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.18 EPS. Research analysts predict that J.B. Hunt Transport Services will post 6.86 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, November 19th. Shareholders of record on Friday, November 5th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date of this dividend was Thursday, November 4th. J.B. Hunt Transport Services’s dividend payout ratio is currently 19.05%.

In other news, EVP Bradley W. Hicks sold 1,000 shares of the firm’s stock in a transaction dated Friday, November 5th. The stock was sold at an average price of $197.10, for a total transaction of $197,100.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Eric Mcgee sold 250 shares of the firm’s stock in a transaction dated Wednesday, November 3rd. The stock was sold at an average price of $194.41, for a total value of $48,602.50. The disclosure for this sale can be found here. Insiders sold a total of 2,250 shares of company stock worth $442,143 in the last ninety days. 3.30% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. Jacobi Capital Management LLC acquired a new stake in shares of J.B. Hunt Transport Services during the 3rd quarter worth about $25,000. Cohen & Steers Inc. acquired a new stake in shares of J.B. Hunt Transport Services during the 3rd quarter worth about $31,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in J.B. Hunt Transport Services during the 3rd quarter worth approximately $53,000. Parisi Gray Wealth Management purchased a new position in J.B. Hunt Transport Services during the 2nd quarter worth approximately $65,000. Finally, Newfound Research LLC grew its stake in J.B. Hunt Transport Services by 75.9% during the 3rd quarter. Newfound Research LLC now owns 445 shares of the transportation company’s stock worth $74,000 after buying an additional 192 shares during the last quarter. 71.59% of the stock is currently owned by institutional investors and hedge funds.

J.B. Hunt Transport Services Company Profile

J.B. Hunt Transport Services, Inc engages in the provision of logistics solutions. It operates through the following segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), Final Mile Services (FMS) and Truckload (JBT). The JBI segment offers intermodal freight operations for rail carriers.

Read More: What does EPS mean?

The Fly logo

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

Receive News & Ratings for J.B. Hunt Transport Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J.B. Hunt Transport Services and related companies with MarketBeat.com's FREE daily email newsletter.