J. B. Hunt (NASDAQ:JBHT) had its price target increased by equities research analysts at Credit Suisse Group from $129.00 to $136.00 in a report issued on Tuesday. The firm currently has an “outperform” rating on the transportation company’s stock. Credit Suisse Group’s price objective would indicate a potential upside of 15.67% from the company’s previous close.

Other research analysts also recently issued research reports about the company. Cowen reaffirmed a “hold” rating and issued a $123.00 price objective on shares of J. B. Hunt in a research note on Monday. Stifel Nicolaus raised their price objective on J. B. Hunt from $119.00 to $122.00 and gave the stock a “hold” rating in a research note on Tuesday. BidaskClub downgraded J. B. Hunt from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, January 31st. Goldman Sachs began coverage on J. B. Hunt in a research note on Tuesday, April 10th. They issued a “sell” rating and a $102.00 price objective on the stock. Finally, Bank of America reaffirmed a “buy” rating and issued a $128.00 price objective (up previously from $117.00) on shares of J. B. Hunt in a research note on Thursday, December 28th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and ten have given a buy rating to the stock. J. B. Hunt currently has an average rating of “Hold” and a consensus price target of $124.15.

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Shares of NASDAQ JBHT traded down $2.17 during trading on Tuesday, hitting $117.58. The company had a trading volume of 275,507 shares, compared to its average volume of 1,036,142. The company has a quick ratio of 1.43, a current ratio of 1.45 and a debt-to-equity ratio of 0.59. J. B. Hunt has a 12 month low of $83.35 and a 12 month high of $126.49. The company has a market capitalization of $12,377.01, a P/E ratio of 31.32, a price-to-earnings-growth ratio of 1.69 and a beta of 0.93.

J. B. Hunt (NASDAQ:JBHT) last posted its quarterly earnings data on Monday, April 16th. The transportation company reported $1.07 EPS for the quarter, hitting the consensus estimate of $1.07. J. B. Hunt had a return on equity of 27.32% and a net margin of 9.55%. The firm had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter last year, the company earned $0.92 earnings per share. The business’s revenue for the quarter was up 19.6% compared to the same quarter last year. research analysts anticipate that J. B. Hunt will post 5.27 EPS for the current year.

In other J. B. Hunt news, Director Johnnie B. Hunt, Jr. sold 2,328 shares of J. B. Hunt stock in a transaction that occurred on Friday, March 9th. The stock was sold at an average price of $121.00, for a total value of $281,688.00. Following the sale, the director now owns 70,697 shares of the company’s stock, valued at approximately $8,554,337. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Earl Wayne Garrison sold 21,344 shares of J. B. Hunt stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $125.79, for a total value of $2,684,861.76. The disclosure for this sale can be found here. 4.20% of the stock is currently owned by company insiders.

A number of large investors have recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. increased its stake in J. B. Hunt by 32.7% in the 4th quarter. Envestnet Asset Management Inc. now owns 29,119 shares of the transportation company’s stock worth $3,348,000 after acquiring an additional 7,172 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in J. B. Hunt by 13.1% in the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 38,285 shares of the transportation company’s stock worth $4,402,000 after acquiring an additional 4,434 shares during the last quarter. We Are One Seven LLC bought a new stake in J. B. Hunt in the 4th quarter worth approximately $413,000. MetLife Investment Advisors LLC bought a new stake in J. B. Hunt in the 4th quarter worth approximately $3,045,000. Finally, Soapstone Management L.P. bought a new stake in J. B. Hunt in the 4th quarter worth approximately $4,992,000. 72.25% of the stock is currently owned by institutional investors and hedge funds.

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J. B. Hunt 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.

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

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