Barclays Issues Positive Forecast for J.B. Hunt Transport Services (NASDAQ:JBHT) Stock Price

J.B. Hunt Transport Services (NASDAQ:JBHTGet Free Report) had its target price increased by Barclays from $270.00 to $300.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has an “equal weight” rating on the transportation company’s stock. Barclays‘s target price points to a potential upside of 8.59% from the stock’s current price.

A number of other equities analysts have also recently issued reports on JBHT. TD Cowen upped their price objective on J.B. Hunt Transport Services from $209.00 to $228.00 and gave the stock a “hold” rating in a report on Thursday, April 16th. Argus set a $285.00 price target on shares of J.B. Hunt Transport Services in a report on Monday, April 20th. Truist Financial boosted their price target on J.B. Hunt Transport Services from $230.00 to $280.00 and gave the company a “hold” rating in a report on Wednesday. Sanford C. Bernstein raised J.B. Hunt Transport Services from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $192.00 to $329.00 in a research note on Thursday, July 9th. Finally, Citizens Jmp began coverage on shares of J.B. Hunt Transport Services in a research report on Wednesday. They issued a “market perform” rating for the company. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $268.52.

Read Our Latest Report on JBHT

J.B. Hunt Transport Services Stock Performance

Shares of JBHT stock opened at $276.28 on Thursday. J.B. Hunt Transport Services has a 12 month low of $130.12 and a 12 month high of $294.98. The stock has a market capitalization of $26.05 billion, a P/E ratio of 42.77, a PEG ratio of 2.04 and a beta of 1.29. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.36. The firm’s 50 day moving average is $272.26 and its 200 day moving average is $237.17.

J.B. Hunt Transport Services (NASDAQ:JBHTGet Free Report) last posted its quarterly earnings results on Wednesday, July 15th. The transportation company reported $1.91 EPS for the quarter, topping analysts’ consensus estimates of $1.71 by $0.20. J.B. Hunt Transport Services had a return on equity of 17.30% and a net margin of 5.13%.The firm had revenue of $3.50 billion during the quarter, compared to analyst estimates of $3.26 billion. During the same period last year, the company earned $1.31 earnings per share. The business’s revenue for the quarter was up 19.4% on a year-over-year basis. On average, sell-side analysts anticipate that J.B. Hunt Transport Services will post 7.32 earnings per share for the current year.

Insider Activity at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, EVP Darren P. Field sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $254.49, for a total transaction of $1,017,960.00. Following the completion of the sale, the executive vice president directly owned 8,696 shares of the company’s stock, valued at approximately $2,213,045.04. This represents a 31.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Bradley W. Hicks sold 7,644 shares of J.B. Hunt Transport Services stock in a transaction on Friday, May 15th. The stock was sold at an average price of $261.91, for a total transaction of $2,002,040.04. Following the transaction, the insider owned 23,982 shares in the company, valued at $6,281,125.62. This represents a 24.17% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 18,119 shares of company stock valued at $4,736,095 in the last 90 days. 2.50% of the stock is owned by company insiders.

Institutional Trading of J.B. Hunt Transport Services

Several hedge funds have recently bought and sold shares of JBHT. Summitry LLC lifted its holdings in shares of J.B. Hunt Transport Services by 2.9% in the 1st quarter. Summitry LLC now owns 1,560 shares of the transportation company’s stock valued at $331,000 after buying an additional 44 shares during the period. Keybank National Association OH grew its position in J.B. Hunt Transport Services by 2.7% during the first quarter. Keybank National Association OH now owns 1,765 shares of the transportation company’s stock valued at $374,000 after buying an additional 46 shares during the period. Root Financial Partners LLC raised its position in shares of J.B. Hunt Transport Services by 25.4% in 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 period. Oregon Public Employees Retirement Fund grew its position in shares of J.B. Hunt Transport Services by 0.5% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 8,622 shares of the transportation company’s stock valued at $1,827,000 after acquiring an additional 47 shares during the period. Finally, CIBC Private Wealth Group LLC raised its holdings in J.B. Hunt Transport Services by 34.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 188 shares of the transportation company’s stock worth $37,000 after purchasing an additional 48 shares during the period. Institutional investors own 74.95% of the company’s stock.

J.B. Hunt Transport Services News Roundup

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

J.B. Hunt Transport Services Company Profile

(Get Free Report)

J.B. Hunt Transport Services, Inc is a leading provider of transportation and logistics solutions headquartered in Lowell, Arkansas. The company offers a comprehensive suite of services designed to move freight efficiently across North America, including intermodal, dedicated contract services, full truckload, less-than-truckload (LTL), final mile delivery and specialized transport.

In its intermodal segment, J.B. Hunt leverages a network of rail and truck assets to transport containers and trailers on major U.S.

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

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