JB Hunt Transport Services Inc. (JBHT) Price Target Raised to $99.00
JB Hunt Transport Services Inc. (NASDAQ:JBHT) had its price objective lifted by equities researchers at KeyCorp from $89.00 to $99.00 in a research report issued to clients and investors on Tuesday. The firm currently has an “overweight” rating on the stock. KeyCorp’s price target would indicate a potential upside of 5.86% from the company’s previous close.
A number of other equities analysts also recently weighed in on JBHT. Zacks Investment Research upgraded shares of JB Hunt Transport Services from a “sell” rating to a “hold” rating in a report on Wednesday, August 17th. Barclays PLC reduced their price objective on shares of JB Hunt Transport Services from $95.00 to $90.00 and set an “overweight” rating for the company in a research report on Monday, September 12th. Robert W. Baird reaffirmed a “neutral” rating and set a $85.00 price objective on shares of JB Hunt Transport Services in a research report on Friday, October 21st. Loop Capital assumed coverage on shares of JB Hunt Transport Services in a research report on Tuesday, November 15th. They set a “buy” rating and a $100.00 price objective for the company. Finally, Deutsche Bank AG assumed coverage on shares of JB Hunt Transport Services in a research report on Wednesday, November 2nd. They set a “hold” rating and a $85.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. JB Hunt Transport Services has an average rating of “Buy” and an average target price of $92.47.
Shares of JB Hunt Transport Services (NASDAQ:JBHT) traded up 0.43% during midday trading on Tuesday, hitting $93.52. 908,612 shares of the company were exchanged. JB Hunt Transport Services has a one year low of $63.58 and a one year high of $94.32. The company has a market capitalization of $10.49 billion, a P/E ratio of 24.72 and a beta of 0.79. The company has a 50-day moving average of $84.34 and a 200 day moving average of $82.10.
JB Hunt Transport Services (NASDAQ:JBHT) last issued its earnings results on Monday, October 17th. The company reported $0.97 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.03 by $0.06. The firm had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.68 billion. JB Hunt Transport Services had a return on equity of 32.24% and a net margin of 6.68%. JB Hunt Transport Services’s quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.99 earnings per share. On average, equities research analysts expect that JB Hunt Transport Services will post $3.77 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, November 18th. Shareholders of record on Friday, November 4th were paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 0.94%. The ex-dividend date of this dividend was Wednesday, November 2nd. JB Hunt Transport Services’s payout ratio is 23.28%.
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In other JB Hunt Transport Services news, Chairman James K. Thompson sold 5,400 shares of the business’s stock in a transaction dated Wednesday, October 26th. The stock was sold at an average price of $79.52, for a total transaction of $429,408.00. Following the completion of the transaction, the chairman now owns 60,346 shares of the company’s stock, valued at $4,798,713.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 4.50% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. HighPoint Advisor Group LLC acquired a new position in shares of JB Hunt Transport Services during the third quarter valued at approximately $609,000. D.A. Davidson & CO. increased its position in JB Hunt Transport Services by 415.9% in the third quarter. D.A. Davidson & CO. now owns 2,636 shares of the company’s stock valued at $213,000 after buying an additional 2,125 shares in the last quarter. Pioneer Investment Management Inc. purchased a new position in JB Hunt Transport Services during the third quarter valued at about $27,171,000. Caisse DE Depot ET Placement DU Quebec increased its position in JB Hunt Transport Services by 44.7% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 134,631 shares of the company’s stock valued at $10,924,000 after buying an additional 41,620 shares in the last quarter. Finally, Cetera Advisors LLC purchased a new position in JB Hunt Transport Services during the third quarter valued at about $429,000. 71.13% of the stock is owned by hedge funds and other institutional investors.
JB Hunt Transport Services Company Profile
J.B. Hunt Transport Services, Inc is a holding company. The Company is a surface transportation, delivery, and logistics company in North America. The Company, through its subsidiaries, provides transportation and delivery services to various customers and consumers throughout the continental United States, Canada and Mexico.
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