J B Hunt Transport Services Inc (NASDAQ:JBHT) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Tuesday.

According to Zacks, “Shares of J.B. Hunt have underperformed the Zacks categorized Transportation- Truck industry over the last one year. J.B. Hunt is a highly leveraged company and its high debt levels raise concerns. The company has been struggling with declining demand for quite some time. We are however impressed by J.B. Hunt’s efforts to reward shareholders. During the first quarter, the company repurchased approximately 1.33 million shares for $130 million. J.B. Hunt expects intermodal growth in 2017 to be driven by the increase in transloads, addition of new customers among others. The company expects a tax rate of 35% for full-year 2017. “

A number of other brokerages have also commented on JBHT. Credit Suisse Group reiterated an “outperform” rating and issued a $107.00 price objective (up from $102.00) on shares of J B Hunt Transport Services in a research report on Monday, March 6th. BMO Capital Markets reiterated a “hold” rating and issued a $96.00 price objective (down from $100.00) on shares of J B Hunt Transport Services in a research report on Friday, March 31st. Vertical Research began coverage on J B Hunt Transport Services in a research report on Thursday, April 13th. They issued a “hold” rating and a $92.00 price objective on the stock. Deutsche Bank AG increased their price objective on J B Hunt Transport Services from $90.00 to $110.00 and gave the company a “hold” rating in a research report on Wednesday, April 19th. Finally, Cowen and Company decreased their price objective on J B Hunt Transport Services from $102.00 to $101.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 19th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the company. J B Hunt Transport Services currently has a consensus rating of “Buy” and a consensus price target of $97.00.

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

Shares of J B Hunt Transport Services (JBHT) traded down 1.88% during mid-day trading on Tuesday, hitting $88.00. The stock had a trading volume of 140,180 shares. The stock has a market cap of $9.68 billion, a price-to-earnings ratio of 22.85 and a beta of 0.95. The firm’s 50-day moving average price is $87.04 and its 200 day moving average price is $93.68. J B Hunt Transport Services has a 12-month low of $75.71 and a 12-month high of $102.38.

J B Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings data on Monday, April 17th. The transportation company reported $0.92 EPS for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.06. The firm had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.64 billion. J B Hunt Transport Services had a return on equity of 29.57% and a net margin of 6.30%. The business’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same period last year, the company earned $0.88 EPS. Equities analysts forecast that J B Hunt Transport Services will post $3.97 EPS for the current fiscal year.

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A number of hedge funds and other institutional investors have recently bought and sold shares of JBHT. Bronfman E.L. Rothschild L.P. raised its position in J B Hunt Transport Services by 3.4% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,296 shares of the transportation company’s stock valued at $119,000 after buying an additional 43 shares in the last quarter. Van ECK Associates Corp raised its position in J B Hunt Transport Services by 5.8% in the fourth quarter. Van ECK Associates Corp now owns 1,373 shares of the transportation company’s stock valued at $133,000 after buying an additional 75 shares in the last quarter. Global X Management Co. LLC raised its position in J B Hunt Transport Services by 28.9% in the first quarter. Global X Management Co. LLC now owns 1,952 shares of the transportation company’s stock valued at $179,000 after buying an additional 438 shares in the last quarter. Fred Alger Management Inc. acquired a new position in J B Hunt Transport Services during the fourth quarter valued at $194,000. Finally, Smith Moore & CO. acquired a new position in J B Hunt Transport Services during the first quarter valued at $204,000. Hedge funds and other institutional investors own 73.23% of the company’s stock.

J B Hunt Transport Services Company Profile

J.B. Hunt Transport Services, Inc is a surface transportation, delivery, and logistics company in North America. The Company segments include Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS) and Truck (JBT). The Company, through its subsidiaries, provides transportation and delivery services to a range of customers and consumers throughout the continental United States, Canada and Mexico.

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