J.B. Hunt Transport Services (NASDAQ:JBHT) Stock Price Target Cut by JPMorgan Chase & Co.

J.B. Hunt Transport Services (NASDAQ:JBHT) had its target price cut by equities researchers at JPMorgan Chase & Co. from $313.00 to $287.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage presently has an “overweight” rating on the transportation company’s stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 27.03% from the stock’s previous close.

JBHT has been the topic of several other reports. Citizens Jmp raised shares of J.B. Hunt Transport Services from a “market perform” rating to an “outperform” rating and set a $300.00 price objective on the stock in a research report on Thursday, September 17th. Benchmark increased their target price on J.B. Hunt Transport Services from $250.00 to $300.00 and gave the stock a “buy” rating in a report on Friday, June 26th. Morgan Stanley reissued an “underweight” rating and issued a $200.00 price target (up from $190.00) on shares of J.B. Hunt Transport Services in a research note on Monday, July 6th. TD Cowen boosted their price target 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. Finally, Susquehanna reduced their price objective on J.B. Hunt Transport Services from $345.00 to $305.00 and set a “positive” rating for the company in a research report on Friday, October 2nd. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $280.83.

J.B. Hunt Transport Services Stock Performance

Shares of JBHT stock opened at $225.93 on Monday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.26 and a current ratio of 1.26. The company has a market capitalization of $21.22 billion, a P/E ratio of 32.00, a price-to-earnings-growth ratio of 1.85 and a beta of 1.31. The company’s 50 day moving average price is $258.37 and its two-hundred day moving average price is $258.03. J.B. Hunt Transport Services has a 52 week low of $136.46 and a 52 week high of $299.76.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings results on Wednesday, July 15th. The transportation company reported $1.91 earnings per share for the quarter, beating the consensus estimate of $1.71 by $0.20. J.B. Hunt Transport Services had a net margin of 5.31% and a return on equity of 18.75%. The company had revenue of $3.50 billion during the quarter, compared to analysts’ expectations of $3.26 billion. During the same quarter in the prior year, the company earned $1.31 earnings per share. The business’s quarterly revenue was up 19.4% compared to the same quarter last year. On average, analysts expect that J.B. Hunt Transport Services will post 7.58 earnings per share for the current fiscal year.

Institutional Trading of J.B. Hunt Transport Services

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Elevation Wealth Partners LLC boosted its position in J.B. Hunt Transport Services by 500.0% during the second quarter. Elevation Wealth Partners LLC now owns 150 shares of the transportation company’s stock valued at $43,000 after purchasing an additional 125 shares during the last quarter. Basecamp Wealth Advisors LLC increased its position in shares of J.B. Hunt Transport Services by 250.0% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 217 shares of the transportation company’s stock worth $46,000 after purchasing an additional 155 shares during the last quarter. Parkside Financial Bank & Trust raised its stake in shares of J.B. Hunt Transport Services by 17.9% during the 2nd quarter. Parkside Financial Bank & Trust now owns 250 shares of the transportation company’s stock worth $72,000 after purchasing an additional 38 shares in the last quarter. Manchester Capital Management LLC raised its stake in shares of J.B. Hunt Transport Services by 378.1% during the 4th quarter. Manchester Capital Management LLC now owns 349 shares of the transportation company’s stock worth $68,000 after purchasing an additional 276 shares in the last quarter. Finally, Westpac Banking Corp acquired a new stake in shares of J.B. Hunt Transport Services in the 2nd quarter valued at approximately $131,000. Institutional investors and hedge funds 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:

• Positive Sentiment: JPMorgan maintained an “overweight” rating despite lowering its price target to $287 from $313. The revised target remains substantially above the reference price of $225.93, suggesting the firm still sees meaningful recovery potential. JPMorgan Adjusts Price Target on J.B. Hunt
• Neutral Sentiment: TD Cowen cut its price target to $283 from $297 and retained a “hold” rating. Although the target implies upside, the reduction reflects more cautious expectations for J.B. Hunt’s earnings or freight-market outlook. TD Cowen Issues Forecast for J.B. Hunt
• Negative Sentiment: Rosen Law Firm said it is investigating potential securities claims alleging that J.B. Hunt may have issued materially misleading business information. Such announcements can weigh on investor confidence and raise the possibility of litigation-related costs or additional disclosures, although the investigation does not establish wrongdoing. Rosen Law Firm J.B. Hunt Investor News
• Negative Sentiment: Pomerantz separately announced an investigation on behalf of J.B. Hunt investors. The second law-firm notice reinforces near-term legal uncertainty and may add selling pressure, though it provides no finding against the company. Pomerantz J.B. Hunt Investor Alert

About J.B. Hunt Transport Services

J.B. Hunt Transport Services, Inc is a transportation and logistics company headquartered in Lowell, Arkansas. Founded in 1961 by Johnnie Bryan Hunt and Johnelle Hunt, the company has grown from a small trucking operation into a major provider of freight transportation and supply-chain services across North America.

The company’s primary business activities include intermodal transportation, which combines rail and truck services; dedicated contract services, which provides customized fleet and delivery operations for individual customers; and integrated capacity solutions, including freight brokerage and third-party logistics.