J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Stock Has Consensus Price Target of $273.76

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) has been assigned an average recommendation of “Moderate Buy” from the twenty-six brokerages that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $273.76.

Several research firms have commented on JBHT. Robert W. Baird cut their target price on J.B. Hunt Transport Services from $320.00 to $290.00 and set an “outperform” rating on the stock in a research note on Thursday, September 17th. Wells Fargo & Company decreased their price target on shares of J.B. Hunt Transport Services from $305.00 to $285.00 and set an “overweight” rating for the company in a research note on Friday, October 16th. UBS Group lifted their price objective on shares of J.B. Hunt Transport Services from $264.00 to $273.00 and gave the company a “neutral” rating in a report on Friday, October 16th. JPMorgan Chase & Co. lowered their price objective on shares of J.B. Hunt Transport Services from $287.00 to $283.00 and set an “overweight” rating on the stock in a report on Friday, October 16th. Finally, The Goldman Sachs Group reissued a “neutral” rating and issued a $252.00 price objective on shares of J.B. Hunt Transport Services in a research report on Monday, October 19th.

Hedge Funds Weigh In On J.B. Hunt Transport Services

Hedge funds have recently modified their holdings of the stock. BlackRock Inc. bought a new stake in J.B. Hunt Transport Services during the second quarter worth about $1,833,602,000. Jupiter Topco LLC bought a new stake in shares of J.B. Hunt Transport Services during the 2nd quarter worth approximately $891,349,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of J.B. Hunt Transport Services in the 2nd quarter valued at approximately $287,581,000. Park Presidio Capital LLC bought a new position in shares of J.B. Hunt Transport Services in the second quarter valued at $218,096,000. Finally, Bank of New York Mellon Corp bought a new position in shares of J.B. Hunt Transport Services in the second quarter valued at $187,701,000. Institutional investors own 74.95% of the company’s stock.

J.B. Hunt Transport Services Price Performance

JBHT opened at $231.95 on Friday. The business’s 50-day moving average price is $245.00 and its two-hundred day moving average price is $245.52. J.B. Hunt Transport Services has a 1 year low of $157.82 and a 1 year high of $299.76.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings results on Thursday, October 15th. The transportation company reported $1.82 EPS for the quarter, beating analysts’ consensus estimates of $1.81 by $0.01. The firm had revenue of $3.68 billion during the quarter, compared to the consensus estimate of $3.59 billion. The business’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.76 earnings per share. Equities analysts anticipate that J.B. Hunt Transport Services will post 7.25 EPS for the current year.

J.B. Hunt Transport Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 20th. Investors of record on Friday, November 6th will be given a $0.45 dividend. The ex-dividend date of this dividend is Friday, November 6th. This represents a $1.80 dividend on an annualized basis and a yield of 0.8%.

J.B. Hunt Transport Services Company Profile

J.B. Hunt Transport Services, Inc is a transportation and logistics company headquartered in Lowell, Arkansas. Founded in 1961 by Johnnie Bryan Hunt and his wife, Nellie, the company has grown into a major provider of freight transportation services across North America.

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