Raymond James Lowers J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target to $190.00

J.B. Hunt Transport Services (NASDAQ:JBHT) had its target price lowered by investment analysts at Raymond James from $200.00 to $190.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has an “outperform” rating on the transportation company’s stock. Raymond James’ target price would suggest a potential upside of 8.63% from the company’s current price.

Several other equities analysts have also recently weighed in on the company. Barclays lifted their price objective on J.B. Hunt Transport Services from $175.00 to $195.00 and gave the company an “equal weight” rating in a report on Wednesday, November 13th. Stephens reaffirmed an “overweight” rating and issued a $205.00 price target on shares of J.B. Hunt Transport Services in a research note on Friday, January 17th. JPMorgan Chase & Co. reduced their price objective on shares of J.B. Hunt Transport Services from $205.00 to $200.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Wells Fargo & Company dropped their target price on shares of J.B. Hunt Transport Services from $200.00 to $190.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Finally, The Goldman Sachs Group reduced their price target on shares of J.B. Hunt Transport Services from $193.00 to $189.00 and set a “buy” rating on the stock in a research report on Wednesday, October 9th. Six analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $191.11.

J.B. Hunt Transport Services Trading Up 0.3 %

Shares of J.B. Hunt Transport Services stock opened at $174.90 on Tuesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.94 and a current ratio of 1.03. The firm has a 50-day moving average of $178.93 and a 200-day moving average of $174.27. J.B. Hunt Transport Services has a 52-week low of $153.12 and a 52-week high of $219.51. The stock has a market cap of $17.64 billion, a PE ratio of 31.46, a PEG ratio of 1.54 and a beta of 1.16.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its earnings results on Thursday, January 16th. The transportation company reported $1.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.09). J.B. Hunt Transport Services had a return on equity of 14.05% and a net margin of 4.72%. The business had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.13 billion. During the same quarter in the previous year, the company earned $1.47 EPS. The business’s revenue for the quarter was down 4.5% on a year-over-year basis. As a group, sell-side analysts forecast that J.B. Hunt Transport Services will post 6.83 EPS for the current year.

Insider Buying and Selling at J.B. Hunt Transport Services

In related news, EVP Eric Mcgee sold 145 shares of the business’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $182.72, for a total value of $26,494.40. Following the sale, the executive vice president now owns 700 shares of the company’s stock, valued at $127,904. The trade was a 17.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Spencer Frazier sold 2,200 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $194.21, for a total value of $427,262.00. Following the completion of the sale, the executive vice president now owns 4,050 shares of the company’s stock, valued at $786,550.50. The trade was a 35.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 11,459 shares of company stock worth $2,136,277. 2.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On J.B. Hunt Transport Services

A number of institutional investors have recently made changes to their positions in JBHT. Pacer Advisors Inc. lifted its stake in shares of J.B. Hunt Transport Services by 14.7% in the fourth quarter. Pacer Advisors Inc. now owns 7,053 shares of the transportation company’s stock worth $1,204,000 after acquiring an additional 902 shares during the period. Blue Trust Inc. raised its holdings in J.B. Hunt Transport Services by 18.6% during the 4th quarter. Blue Trust Inc. now owns 535 shares of the transportation company’s stock worth $92,000 after purchasing an additional 84 shares during the last quarter. Narwhal Capital Management acquired a new position in shares of J.B. Hunt Transport Services in the 4th quarter worth approximately $345,000. Perpetual Ltd boosted its stake in shares of J.B. Hunt Transport Services by 64.3% in the 4th quarter. Perpetual Ltd now owns 4,268 shares of the transportation company’s stock valued at $728,000 after purchasing an additional 1,670 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its position in shares of J.B. Hunt Transport Services by 155.7% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 537 shares of the transportation company’s stock worth $92,000 after buying an additional 327 shares during the period. Institutional investors own 74.95% of the company’s stock.

About J.B. Hunt Transport Services

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.